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Today is Republic Day. It is not, however, Philippine-American Friendship Day which ended up abolished in the late 1980s. Today marks 75 years of independence for the Philippines. 
On this day 75 years ago the world finally recognised Philippine independence; the transitional Commonwealth of the Philippines became the Republic of the Philippines (officially our third).
In the early 1960s a decision was made to move independence day to June 12, w/ July 4 as Republic Day (for the Republic of India theor great national day is Republic Day). How Philippine-American Friendship Day came and went is told in this briefer too. malacanang.gov.ph/4230-republic-…
