1986: Horacio Morales is released from detention. Hotacio is the Agrarian Reform Secretary of Joseph Estrada.
1989: President Cory Aquino vows a far reaching deregulation of the Philippine economy. In a speech on the occasion of the 20th anniversary of the Asian Institute of Management in Manila she says: "We must not only loosen, we must release completely the stranglehold of regulation that is choking private initiative and turning off local and foreign investments and discouraging development assistance." But not much happens thereafter.
