The Liberal Party (LP) was founded on 19 January 1946 by Manuel Roxas, the first President of the Third Philippine Republic. It was formed by Pres. Roxas from what was once the ?Liberal Wing? of the old Nacionalista Party. Two more Presidents of the Philippines elected into office came from the LP: Elpidio Quirino and the redoubtable Diosdado Macapagal. Two other Presidents came from the ranks of the LP, being former members of the Party that choose to follow a different path and joined the Nacionalistas: Ramon Magsaysay, and Ferdinand Marcos.