The Ramon Magsaysay Award is an annual award established in 1957 to honor individuals and organizations in Asia for their outstanding contributions to society. Named after Ramon Magsaysay, the third President of the Philippines, the award recognizes excellence in various fields, including government service, public service, and community leadership. The award aims to promote the values of integrity, courage, and selflessness. Recipients, known as Magsaysay Awardees, are celebrated for their impactful work in improving the lives of others and fostering social justice. The award is often regarded as Asia's equivalent of the Nobel Prize.