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Manila, Philippines News About Manila, Philippines Manila is the economic capital of the Philippines. Trade flourishes within the metropolitan area and between the city and the provinces and other countries. Most of the Philippines' imports and exports pass through the port of Manila. Financial institutions headquartered in Manila include such establishments as the Development Bank of the Philippines, the Philippine National Bank, the Philippine Veterans Bank, the Government Service Insurance System, the Social Security System, and many private commercial and developmental banks. Private insurance companies and the Manila Stock Exchange also contribute to the mobilization of savings for investment. Manila is the second most populous city in the Philippines, with more than 1.8 million inhabitants. Only nearby Quezon City, the country's former capital, is more populous. The metropolitan area is the most populous in Southeast Asia. Manila is home to majority of the colleges and universities in the Philippines. The University Belt or U-Belt, informally located in the districts of Malate, Ermita, Intramuros, San Miquel, Quiapo, and Sampaloc is the colloquial term for the high concentration of institutions of higher education that are located in these districts. Among them are the University of the Philippines, Manila which houses the Philippine General Hospital, private school De La Salle University-Manila in Ermita, the private schools Far Eastern University, Centro Escolar University and University of Santo Tomas in Sampaloc, and the city-owned Pamantasan ng Lungsod ng Maynila at Intramuros. The city also plays host to the Manila Science High School, the forerunner of the country's science high schools, the National Museum of the Philippines, where the Spoliarium of Juan Luna is housed, the Metropolitan Museum, the Museong Pambata (Children's Museum), as well as the National Library, located within Rizal Park. Other Major Cities:
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