Local exporters are incurring higher costs and losses due to disruptions in the global container shipping industry.

The number of low-income Filipinos who own bank or financial accounts has almost doubled in recent years due, in large part, to the continued digitalization of financial services, according to the central bank.

At least half of the total retail transactions will be online as early as next year or one year ahead of the 2023 target of the Bangko Sentral ng Pilipinas (BSP) as the regulator continues to ramp up efforts to transform the Philippines to a cash-lite from a cash-heavy economy.

Bank lending worsened its slump in April to post its worst contraction in over two decades, a grim reminder of the limits of the central bank’s powers in supporting the country’s pandemic-hit economy.

The COVID-19 pandemic’s impact on the Philippine’s Travel & Tourism sector last year wiped out $37 billion from the nation’s economy and caused two million to lose their jobs.

The Department of Finance (DOF) bucked assertions that the Philippines will be the “laggard in Asia” in a post-pandemic world.

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It’s been a long year of isolation. While the country still struggles with the ongoing pandemic, non-essential travel is still discouraged. However, the need for some semblance of normalcy has caused people to adjust their travel behaviors. 

Who are the people in your neighborhood?

At the Health and Wellness Caravan, residents are given free check-ups, blood examination, blood pressure taking, chest Xray, medicines and reading glasses.