Spain cedes Luzon to Britain

Spain cedes Luzon to Britain, because of the Diego Silang and the British Occupation of Manila what will happen..
 
I remember an early post that talked about that.

Basically, Luzon (Or British Philppines) becomes the center of trade Singapore would have been OTL, due to its proximity to China. Spanish is phased out with wider promotion of the English language, while Anglicanism spreads among the Christian lowlanders.
 
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