Fidel V. Ramos : biography

Power crisis

The Philippines then was experiencing widespread blackouts due to huge demand for electricity and antiquity of power plants, the abolishment of the Department of Energy and discontinuation of the Bataan Nuclear Power Plant during the Aquino administration. During his State of the Nation address on July 27, 1992, he requested that the Congress enact a law that would create an Energy Department that would plan and manage the Philippines’ energy demands. Congress not only created an Energy Department but gave him special emergency powers to resolve the power crisis. Using the powers given to him, Ramos issued licenses to independent power producers (IPP) to construct power plants within 24 months. Ramos issued supply contracts that guaranteed the government would buy whatever power the IPPs produced under the contract in U.S. dollars to entice investments in power plants. This became a problem during the East Asian Financial Crisis when the demand for electricity contracted and the Philippine peso lost half of its value.

The country was considered risky by investors due to previous coup attempts by military adventurists led by Gregorio Honasan, and experienced blackouts at an almost daily basis lasting 4–12 hours during the term of President Aquino. The low supply of power and perceived instability had previously held back investments and modernization in the country. Under Ramos, the Philippines was a pioneer in the Build-Operate-Transfer (BOT) scheme where private investors are invited to build certain government projects (i.e. tollways, powerplants, railways, etc.), make money by charging users, and transfer operation to the government after a set amount of time.

Economic reforms

During his administration, Ramos began implementing economic reforms intended to open up the once-closed national economy, encourage private enterprise, invite more foreign and domestic investment, and reduce corruption. Ramos was also known as the most-traveled Philippine President compared to his predecessors with numerous foreign trips abroad, generating about US$ 20 billion worth of foreign investments to the Philippines. To ensure a positive financial outlook on the Philippines, Ramos led the 4th Asia Pacific Economic Cooperation (APEC) Leaders’ Summit in the Philippines on November 1996.

Under his administration, the Philippines enjoyed economic growth and stability. The Philippine Stock Exchange in the mid-1990s was one of the best in the world and his visions of ‘Philippines 2000’ that led the country into a newly industrialized country in the world and the "Tiger Cub Economy in Asia".

Philippines 2000 Five-Point Program:

• Peace and Stability
• Economic Growth and Sustainable Development
• Energy and Power Generation
• Environmental Protection
• Streamlined Bureaucracy

Death penalty

While campaigning for the presidency, Fidel Ramos declared his support for reinstating the death penalty. Capital punishment was abolished for all crimes in 1987, making the Philippines the first Asian country to do so. In 1996 Ramos signed a bill that returned capital punishment with the electric chair (method used from 1923 to 1976, making Philippines the only country to do so outside U.S.) "until the gas chamber could be installed". However, no one was electrocuted nor gassed, because the previously used chair was destroyed earlier and the Philippines adopted the lethal injection. Some people were put to death by this means, until the death penalty was abolished again in 2006.

Peace with separatists

Ramos, a military general himself, made peace with the rebel panels. He was instrumental in the signing of the final peace agreement between the government and the Moro National Liberation Front (MNLF) led by Nur Misuari in 1996.

Although he battled Communist rebels as a young lieutenant in the 1950s, Ramos made a bold move when he signed into law , which repealed the With its repeal, membership in the once-outlawed Communist Party of the Philippines became legal.