The Liberal Party of the Philippines is a major political party in the country, founded in 1945. It promotes democratic governance, social justice, and economic development. The party has historically been associated with progressive policies and has played a significant role in Philippine politics, especially during the post-colonial era. The party's symbol is the color yellow, which represents hope and optimism. Notable figures in the party's history include former Presidents like Benigno Aquino III and Corazon Aquino, who were instrumental in the fight against dictatorship and the promotion of democracy in the Philippines.