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The Philippines, officially the Republic of the Philippines, is an archipelagic country in Southeast Asia. In the western Pacific Ocean , it consists of 7,641 islands , with a total area of 300,000 square kilometers, [17] which are broadly categorized in three main geographical divisions from north to south: Luzon , Visayas , and Mindanao .
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e. The history of the Philippines from 1898 to 1946 is known as the American colonial period, and began with the outbreak of the Spanish–American War in April 1898, when the Philippines was still a colony of the Spanish East Indies, and concluded when the United States formally recognized the independence of the Republic of the Philippines on ...
The Philippine Commonwealth was established in 1935, as a 10-year interim step prior to full independence. However, in 1942 during World War II, Japan occupied the Philippines. The U.S. military overpowered the Japanese in 1945. The Treaty of Manila in 1946 established the independent Philippine Republic.
The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, was a government-owned bank and was one of the largest banks in the Philippines, ranking within the top twenty banks in the country in terms of assets. It was the only existing universal bank not listed on the Philippine Stock Exchange.
The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks.As of September 30, 2022, there were forty-five (45) universal and commercial banks, forty-four (44) savings banks, four hundred (400) rural and cooperative banks, forty (40) credit unions and 6,267 non-banks with quasi-banking functions ...
The sovereignty of the Philippines refers to the status of the Philippines as an independent nation. This article covers sovereignty transitions relating to the Philippines, with particular emphasis on the passing of sovereignty from Spain to the United States in the Treaty of Paris (1898), signed on December 10, 1898, to end the Spanish–American War.
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