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According to the current constitution ( 1987), the President must be at least 40 years of age, a Filipino citizen by birth, and is a resident of the Philippines for the past 10 years prior to election. The Filipinos directly elect the president who wins on a plurality vote. The president serves a term of six years and may no longer run for re-election, unless he/she becomes president through constitutional succession and have served for no more than 4 years as president.
The Philippines has had a total of fourteen presidents. Despite the differences in constitutions and government, the line of presidents is considered to be continuous. For instance, the current president, Gloria Macapagal-Arroyo, is considered the 14th president.
While the Philippines recognizes Aguinaldo to be the first president, he is not internationally recognized because the First Republic fell under the United States following the Philippine-American War. Manuel L. Quezon is considered to be the first president (and the first to win an election Aguinaldo was appointed) by the United States and in international diplomatic and political circles.
The Philippines had two presidents at one point during WW2 representing the two governments. One was Quezon representing Commonwealth government and the other was J. P. Laurel representing the Japanese-sponsored government.