"Reporting from Subic Bay, Philippines -- The slump in global trade has left a growing armada of empty cargo ships and tankers cruising the seas in search of the cheapest places to drop anchor while they ride out the economic storm.About 1,000 of the world's shipping vessels are laid up for lack of freight, and the number could swell to several thousand in the next few years, Norwegian risk management foundation Det Norske Veritas reported this month. Popular Southeast Asian ports such as Singapore are turning ships away." (2009, Latimes.com)
The Philippines is a Southeast Asian country made up of more than 7,000 islands. It has a warm tropical climate, diverse landscape, and a rich culture. The Philippines is a popular destination for business and travel.
The Philippines has a rich history. The first inhabitants of the Philippines were the Negritos, who are believed to have migrated from Southeast Asia over 30,000 years ago. The first recorded visit to the Philippines by a Westerner was by Ferdinand Magellan in 1521. The Philippines was colonized by Spain in the 16th century. After more than three centuries of Spanish rule, the Philippines became a colony of the United States in 1898. The Philippines gained its independence from the United States in 1946.
The Philippines is a democratic republic. The president is the head of state and the head of government. The president is elected by popular vote for a six-year term. The Congress is the legislative branch of the government. The Congress is made up of the Senate and
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