Simplify the following text for a Grade 9 native English-speaking person.
Original: The Liberal Party of the Philippines ( Filipino : Partido Liberal ng Pilipinas ) is a liberal party in the Philippines , founded by then senators Manuel Roxas , Elpidio Quirino , and Jose Avelino , on November 24 , 1945 by a breakaway Liberal group from the Nacionalista Party . It is current ruling party after the election victory of Benigno Aquino III as the President of the Philippines .
Simplified: Liberal Party of the Philippines is a Liberal political party in the Philippines .