Editing History of the Philippines (section)

=== Administration of Bongbong Marcos (2022–present) ===
{{Main|Presidency of Bongbong Marcos}}

[[File:20220725-SONAPBBM2.jpg|thumb|Marcos delivers his [[2022 State of the Nation Address (Philippines)|first State of the Nation Address]] on July 25, 2022, with Senate President [[Migz Zubiri]] (left) and House Speaker [[Martin Romualdez]].]]
In May 2022, [[Bongbong Marcos|Ferdinand Marcos Jr.]] (known by his nickname "Bongbong"), son of former president and dictator Ferdinand Marcos, won the [[2022 Philippine presidential election|presidential election]] by a landslide. His vice presidential candidate was [[Sara Duterte]], daughter of then-president Rodrigo Duterte.<ref>{{cite news |title=Ferdinand Marcos Jr wins landslide election victory in the Philippines |url=https://www.france24.com/en/asia-pacific/20220509-ferdinand-marcos-jr-wins-landslide-election-victory-in-the-philippines |work=France 24 |date=May 9, 2022 |language=en}}</ref> On June 30, 2022, Marcos was sworn in as the Philippine president and Sara Duterte was sworn in as vice-president.<ref>{{cite news |title=Ferdinand Marcos Jr sworn in as Philippines president, replacing Duterte |url=https://www.bbc.com/news/world-asia-61976940 |work=BBC News |date=June 30, 2022}}</ref> A few weeks after his inauguration as president, the [[2022 Luzon earthquake]] hit Northern Luzon, resulting in 11 casualties and 615 people injured.<ref>{{cite news |title=The 27 July 2022 Magnitude 7.0 Northwestern Luzon Earthquake (7 Aug 2022) - Philippines {{!}} ReliefWeb |url=https://reliefweb.int/report/philippines/27-july-2022-magnitude-70-northwestern-luzon-earthquake-7-aug-2022 |work=reliefweb.int |language=en}}</ref>

[[Bagong Pilipinas (campaign)|Bagong Pilipinas]] ({{translation|New Philippines}}), the administration's term for its brand of governance and leadership, was officially launched with a [[Kickoff meeting|kick-off rally]] on January 28, 2024, at the [[Quirino Grandstand]] in [[Manila]], the capital of the Philippines. It was attended by about 400,000 supporters with the participation of [[Vice President of the Philippines|Vice President]] [[Sara Duterte]], other key [[Malacañang Palace|Malacañang]] officials, and [[Mayor of Manila|Manila Mayor]] [[Honey Lacuna]].<ref>{{Cite web|url= https://mb.com.ph/2024/1/28/bagong-pilipinas-kick-off-rally-draws-10-k-supporters| title= Bagong Pilipinas kick-off rally draws 400K supporters|first=Diann|last=Calusin|website=[[Manila Bulletin]]|date=January 28, 2024 }}</ref><ref>{{cite web |url=https://www.pna.gov.ph/articles/1217434 |title=Filipinos urged to join 'Bagong Pilipinas' rally on Jan. 28 |work=[[Philippine News Agency]] |date=January 23, 2024 |access-date=January 26, 2024 }}</ref> The rally was streamed online to engage a wider audience beyond Manila.<ref>{{cite web |url=https://pia.gov.ph/features/2024/01/24/filipinos-to-ignite-hope-at-bagong-pilipinas-rally |title=Filipinos to ignite hope at 'Bagong Pilipinas' rally |work=[[Philippine Information Agency]] |last1=Paunan |first1=Jerome Carlo |date=January 24, 2024 |access-date=January 27, 2024 }}</ref>

As president, Marcos signed into law the creation of the [[Maharlika Investment Fund]], the first [[sovereign wealth fund]] of the Philippines.<ref>{{Cite web |date=July 18, 2023 |title=What is the Maharlika Investment Fund all about? |url=https://pia.gov.ph/features/2023/07/18/what-is-the-maharlika-investment-fund-all-about |access-date=July 24, 2023 |website=PIA}}</ref> Under his term, the Philippines ratified the [[Regional Comprehensive Economic Partnership|RCEP]] in February, and entered into force in June 2023.<ref>{{cite news |url=https://www.pna.gov.ph/articles/1202684 |title=RCEP enters into force in PH |work=Philippine News Agency |last1=Crismundo |first1=Kris |date=June 2, 2023 |access-date=June 4, 2023 }}</ref><ref>
{{cite web |url=https://asean.org/rcep-agreement-enters-into-force-for-philippines/ |title=RCEP Agreement enters into force for Philippines |publisher=ASEAN.org |date=June 2, 2023 |access-date=June 4, 2023 }}</ref> Marcos also went on many foreign trips in hopes to attract more foreign investments in the country.