January 15 – Pag-asa was hatched in Davao City becoming the first Philippine eagle to be successfully bred and hatched in captivity.
May 25 – As part of PepsiCo's local promotion titled Number Fever, it was announced that the person who possessed the Pepsi bottle cap with the Number 349 scandal is eligible to claim the 1 million peso prize. About 800,000 were eligible for the prize instead of an intended single winner. Several protests and bombings followed after Pepsi refused to award the 1 million prize to thousands of bottle cap holders and said that a computer glitch caused the incident. Protests and bombings followed and about 22,000 people filed at least 689 civil suits and 5,200 criminal complaints for fraud and deception against Pepsi outnumbering suits filed against Ferdinand Marcos and Imelda Marcos.[1]
June 30 – Former Defense Secretary Fidel V. Ramos and Former Senator Joseph Estrada and was sworn in as the 12th President and 11th Vice President of The Philippines, succeeding Corazon Aquino and Salvador Laurel.
August 24–29 – The team representing the Zamboanga City Little League won the International Championship of the 1992 Little League World Series held in Pennsylvania. However, it was discovered that the Filipino team violated age and residency rules and Little League stripped them of their title.
February 21 - Associated Broadcasting Company (ABC 5) resumed its radio-television operations with their slogans for station ID "Come Home to ABC" until the last day of July and "Catch Up with Today TV" in the first day of August.
July 25-August 9 – The Philippines competed at the 1992 Summer Olympics in Barcelona, Spain. 26 competitors, 24 men and 2 women, took part in 29 events in 9 sports.[2] Stephen Fernandez and Beatriz Lucero won a bronze medal each in taekwondo, but their medals were not included in the official medal tally because taekwondo was only a demonstration event.
