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The Monetary Board approved the recognition of digital bank as a new bank category that is separate and distinct from the existing bank classifications.  Digital bank is defined as a bank that offers financial products and services that are processed end-to-end through a digital platform and/or electronic channels with no physical branches.

The Czech Republic supports strengthening of capacities of evacuation centers and mitigating the spread of COVID-19 across the Philippines. With financial aid from the Czech Humanitarian Aid programme, alternative shelters and WASH facilities were provided to four Filipino cities of Navotas, Malabon, Cebu City, and Cagayan de Oro.

The Department of Trade and Industry (DTI) Rural Agro-enterprise Partnership for Inclusive Development and Growth (RAPID Growth) Project, in partnership with the Puentespina Farms, conducted a five-day intensive training on cacao processing, bean trading, and cacao economics among the seven cacao farmer organizations from Davao Oriental on November 16 to20.  

Defense Secretary Delfin Lorenzana recently discussed with US Embassy Charge d’Affaires John Law, among others, the Visiting Forces Agreement (VFA) that had been extended for another six months after President Rodrigo Duterte junked it earlier this year.

Malacañang dismissed suggestions to declare an academic break in the aftermath of two destructive typhoons compounded by a deadly coronavirus pandemic.

Vice President Leni Robredo warned that establishing a new Department on Disaster Response will only create “many levels in the bureaucracy” that will be unnecessary.

Losses to the national economy may reach P3.6 trillion by yearend due to COVID-19 pandemic and the three recent strong typhoons, according to Sen. Ralph G. Recto, a former National Economic and Development Authority (NEDA) Director General.

The Supreme Court (SC), acting as the Presidential Electoral Tribunal (PET), junked the separate but similar motions of Solicitor General Jose Calida and former Sen. Ferdinand “Bongbong” Marcos Jr. asking that Associate Justice Marvic Leonen inhibit himself from the vice presidential election protest

Pope Francis offered prayers for the victims of Typhoon Ulysses that left at least 69 people dead and affected around 1.7 million Filipinos.

The country’s inflation continued to settle within target in October 2020, though upside risks such as the adverse impact of inclement weather and the lingering presence of the African Swine Fever (ASF) remain, the National Economic and Development Authority (NEDA) said.