Fidel V. Ramos, the country’s 12th president who implemented comprehensive economic reforms, passed away at the age of 94 on Sunday. Ramos’ death last Sunday was confirmed by his family through a brief statement. Know more:
Fidel V. Ramos, the country’s 12th president who implemented comprehensive economic reforms, passed away at the age of 94 on Sunday.
Ramos is Marcos’ distant uncle since the former chief-of-staff of the Armed Forces of the Philippines was the second cousin of former President Ferdinand E. Marcos Sr.‘The legacy of his presidency will always be cherished and will be forever enshrined in the hearts of our grateful nation,” he said. His administration was marked by economic reforms including the passage of the Republic Act 8479 or the Oil Deregulation Act just before he ended his term and the country’s accession to the World Trade Organization in 1995.
She also recognized his efforts to broker a peace agreement with the Moro National Liberation Front . The chief of the Department of Budget and Management described the late President Fidel Ramos as a “strong and decisive leader” under whose administration government budgeting played a role in the country’s economic growth.
“We all grieve because we lost a great leader and a dear friend. One who is a pillar of strength, and an inspiration to all. President Ramos will be remembered as one of the great Filipino leaders that took good governance to heart,” he added. “Without FVR, we would not have been able to solidify the bedrock of investor confidence that has since allowed the country to grow its economy for decades. Ramos equaled economic reform. The Ramos brand was a brand of seriousness in governance. Business knew he meant business,” Salceda added.
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