How did Spain's loss of economic power in the 1800s affect life for Filipinos?

During the 18th century, Spain was losing all the power and influence towards Asia. Even the traditional trade routes were shared and parted with colonial rivals and opponent. There was a slow communication made to maintain the empire so far away uneasy. It took two weeks before the messages arrived from Naples and Brussels to Madrid while in the Philippines it took six months or more. The crop’s cash was cultured for trading between Europe and Latin America, but profits and benefits were diminished after Spain’s Latin American colonization became independent. The Royal Company of the Philippines were abolished and terminated.