22 January
“MBC calls for fiscal discipline in the face of serious economic crisis by bringing the budget into balance and reducing the current account deficit.”
– MBC statement
10 February
Philippines and US sign Visiting Forces Agreement.
10 February
RA 8479 deregulates the downstream oil industry.
12 February
RA 8493 facilitates speedy trial of all criminal cases.
26 February
RA 8556 regulates financing companies.
11 March
MBC holds “Vote for the Future” forum.
11 May
Presidential, legislative, and local elections
12 June
Philippines celebrates Centennial of Independence.
30 June
Joseph Estrada is sworn as the 13th President.
31 July
“If there is any sense anybody from the Estrada Administration must bring,
it is that renewed confidence, renewed optimism, a renewed sense that the future of our
country will be brighter and brighter still.”
–
Ronaldo Zamora, Executive Secretary
6 October
MBC launches Philippines-France Business Council.
13 October
Pres. Estrada delivers keynote address at the 7th East Asia Economic Summit of the World Economic Forum in Singapore.
30 November
Pres. Estrada appoints Hilario Davide as Supreme Court Chief Justice.