i am a place ? where am i

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i am the worlds largest producer of coconuts.. megellan reached me in 1521 my capital is manila i became independent in 1946 i consist of over 7,000 islands the u.s. controlled me for about 50 years my economy boosted when suez canal opened i am tropical visit me and buy rice with pesos i am a country a sea in the pacific bears my name my government declared martial law in 1981 my past dictators wife loves shoes i an named after king phillip ii of spain my mount pinatubo erupted in 1991 i was first settled by the spanih you mght dive in my reef where am i and how have i cahnged over the years.. ?