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History of the Philippines (1986–present)

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The return of democracy and government reforms beginning in 1986 were hampered by national debt, government corruption, coup attempts, disasters, a persistent communist insurgency, and a military conflict with Moro separatists. During Corazon Aquino's administration, U.S. forces withdrew from the Philippines, due to the rejection of the U.S. Bases Extension Treaty, and leading to the official transfer to the government of Clark Air Base in November 1991 and Subic Bay in December 1992. The administration also faced a series of natural disasters, including the eruption of Mount Pinatubo in June 1991.

After introducing a constitution that limited presidents to a single term, Aquino did not stand for re-election. Aquino was succeeded by Fidel V. Ramos. During this period the country's economic performance remained modest, with a 3.6% percent GDP growth rate. Political stability and economic improvements, such as the peace agreement with the Moro National Liberation Front in 1996, were overshadowed by the onset of the 1997 Asian financial crisis.

Ramos' successor, Joseph Estrada assumed office in June 1998 and under his presidency the economy recovered from −0.6% growth to 3.4% by 1999. The government announced a war against the Moro Islamic Liberation Front in March 2000 and attacked various insurgent camps, including their headquarters. In the middle of ongoing conflict with the Abu Sayyaf, accusations of alleged corruption, and a stalled impeachment process, Estrada was overthrown by the 2001 EDSA Revolution and he was succeeded by his Vice President, Gloria Macapagal Arroyo on January 20, 2001.

In Arroyo's nine-year administration, her rule was tainted by graft and political scandals like the Hello Garci scandal pertaining to the alleged manipulation of votes in the 2004 presidential elections. On November 23, 2009, 34 journalists and several civilians were massacred in Maguindanao.

Benigno Aquino III won the 2010 national elections and served as the 15th president of the Philippines. The Framework Agreement on the Bangsamoro was signed on October 15, 2012, as the first step of the creation of an autonomous political entity named Bangsamoro. However, a clash that took place in Mamasapano, Maguindanao killed 44 members of the Philippine National Police-Special Action Force and put the efforts to pass the Bangsamoro Basic Law into law in an impasse. Tensions regarding territorial disputes in eastern Sabah and the South China Sea escalated. In 2013, two more years were added to the country's ten-year schooling system for primary and secondary education. In 2014 the Enhanced Defense Cooperation Agreement, was signed, paving the way for the return of United States Armed Forces bases into the country.

Former Davao City mayor Rodrigo Duterte won the 2016 presidential election, becoming the first president from Mindanao. On July 12, 2016, the Permanent Court of Arbitration ruled in favor of the Philippines in its case against China's claims in the South China Sea. After winning the Presidency, Duterte launched an intensified anti-drug campaign and took steps to deal with to fulfill a campaign promise of wiping out criminality in six months. As of February 2019, the death toll for the Philippine drug war is 5,176. In 2017, he oversaw the battle of Marawi against insurgent groups, and the rehabilitation of the city. The implementation of the Bangsamoro Organic Law led to the creation of the autonomous Bangsamoro region in Mindanao.

Former senator Bongbong Marcos won the 2022 presidential election, 36 years after the People Power Revolution which led to his family's exile in Hawaii. He was inaugurated on June 30, 2022.

Corazon Aquino administration (1986–1992)

With the People Power Revolution, Corazon Aquino's assumption into power marked the restoration of democracy in the country. Aquino immediately formed a revolutionary government to normalize the situation, and provided for a transitional "Freedom Constitution" that restored civil liberties and dismantled the heavily Marcos-ingrained bureaucracy— abolishing the Batasang Pambansa and relieving all public officials.

The Aquino administration likewise appointed a constitutional commission that submitted a new permanent constitution that was ratified and enacted in February 1987. The constitution crippled presidential power to declare martial law, proposed the creation of autonomous regions in the Cordilleras and Muslim Mindanao, and restored the presidential form of government and the bicameral Congress.

Progress was made in revitalizing democratic institutions and respect for civil liberties, but Aquino's administration was also viewed as weak and fractious, and a return to full political stability and economic development was hampered by several attempted coups staged by disaffected members of the Philippine military. Aquino privatized many of the utilities the government owned, such as water and electricity. This practice was viewed by many as Aquino catering to oligarchic as well U.S. interests, losing the government's power of regulation.

Economic growth was additionally hampered by a series of natural disasters. In June 1991, Mount Pinatubo in Central Luzon erupted, after being dormant for 600 years. It was the second largest volcanic eruption of the 20th century. It left 700 dead and 200,000 homeless, and cooled global weather by 1.5 °C (34.7 °F).

On September 16, 1991, despite lobbying by President Aquino, the Philippine Senate rejected a treaty that would have allowed a 10-year extension of the U.S. military bases in the country. The United States turned over Clark Air Base in Pampanga to the government in November, and Subic Bay Naval Base in Zambales in December 1992, ending almost a century of U.S. military presence in the Philippines.

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