• Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
HERALD EXPRESS | News in Cordillera and Northern Luzon
ADVERTISEMENT
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
HERALD EXPRESS | News in Cordillera and Northern Luzon
No Result
View All Result
Home Nation

‘One Filipino One Bank Account’ to fast track financial aid – Gatchalian

Herald Express News Team by Herald Express News Team
August 30, 2022
in Nation
Reading Time: 2 mins read
1 0
0
Senator wants BENECO leadership impasse resolved
1
SHARES
7
VIEWS
Share on FacebookShare on Twitter

 

To fast track the distribution of public and social services to beneficiaries, Senator Win Gatchalian is proposing that government financial institutions create a bank account for every unbanked Filipino.

“Sa ilalim ng panukalang ito, mas mapapadali na ang pamimigay ng ayuda dahil derecho na ito sa mismong bank account ng mga benepisyaryo at hindi na kailangang pumila pa,” Gatchalian said in filing Senate Bill No. 808 or One Filipino One Bank Account Act.

RelatedPosts

Gatchalian: Social costs of POGO operations outweigh economic benefits

Cayetano bats for infrastructure investment as alternative to Maharlika

Gatchalian seeks Blue Ribbon inquiry on PAGCOR procurement of 3rd party auditor of POGO

“Sa pamamagitan din nito, mas madaling matututo ang ating mga kababayan na gumamit ng bangko at ng mga online facilities para sa iba-t ibang transaksyon tulad ng pagbabayad ng bills o mga bilin at para mag-impok,” he added.

The proposed measure, which the senator refiled this 19th Congress, seeks to mandate government financial institutions, such as Land bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP), to open and maintain a bank account for every Filipino to access financial services provided by the government including educational assistance and other forms of subsidy.

Gatchalian said the measure will work side by side with the Community-Based Monitoring System (CBMS) Law, a system that gathers information from all households in the community that is local government unit-based, starting at the barangay level.

“Dahil sa inaasahang mas mabilis na koordinasyon mula sa mga barangay ng bawat lokal na pamahalaan, magiging synchronized ang galaw. Maiiwasan din nito ang kaguluhan at mapapanatili ang kaayusan sa pamimigay ng tulong pinansyal sa mga kababayan nating nangangailangan,” Gatchalian said.

ADVERTISEMENT

While the Philippine National ID addresses an individual’s lack of documentary requirements for opening a bank account, Gatchalian said the government still needs to facilitate and strengthen the financial inclusion landscape in the Philippines and to promote seamless, efficient, transparent, and targeted delivery of public and social services.

The Bangko Sentral ng Pilipinas (BSP) 2019 Financial Inclusion Survey showed that only 28.6% of the respondents 15 years old and above have a formal account which includes bank, e-money, cooperative and microfinance institutions accounts, and only 12.2% of these respondents have bank accounts. The same survey showed that 71% have difficulty in opening an account due to documentary requirements and 58% do not have the requirements for their loan applications in a formal financial institution.

ShareTweetSend
ADVERTISEMENT
Previous Post

Cayetano hails ordinary Filipino heroes for bayanihan in barangays

Next Post

Gaddang IPs press issuance of CDO against British firm

Herald Express News Team

Herald Express News Team

Related Posts

Gatchalian seeks Blue Ribbon inquiry on PAGCOR procurement of 3rd party auditor of POGO

Gatchalian: Social costs of POGO operations outweigh economic benefits

by Herald Express News Team
February 2, 2023
0

  Senator Win Gatchalian said that the social costs of allowing Philippine Offshore Gaming Operators (POGO) in the country outweigh...

WAR ON DRUGS PUSHED

Cayetano bats for infrastructure investment as alternative to Maharlika

by Herald Express News Team
February 2, 2023
0

  Senator Alan Peter Cayetano on Wednesday reiterated his proposal for the government to kickstart an infrastructure investment fund as...

Gatchalian seeks Blue Ribbon inquiry on PAGCOR procurement of 3rd party auditor of POGO

Gatchalian seeks Blue Ribbon inquiry on PAGCOR procurement of 3rd party auditor of POGO

by Herald Express News Team
February 2, 2023
0

  Senator Win Gatchalian wants the Senate Blue Ribbon Committee to conduct an inquiry into the alleged anomalous procurement of...

Next Post
Nueva Vizcaya IPs deny being squatters in Runruno domain

Gaddang IPs press issuance of CDO against British firm

DA-CAR, BSU gives free neutering service

Gov’t officials show support for BSU extension classes in Kapangan

FRONT PAGE PHOTOS – 2020

Three more big ticket projects open for offers

ADVERTISEMENT

Recent News

FRONT PAGE PHOTOS – 2021

Yap pushes for stiffer fines against anti hospital deposit law breakers

February 4, 2023
Fate of Cordillera in House version of charter change doubted

CSWDO evaluates District 2 KALIPI accomplishments

February 4, 2023
BDO Unibank Holiday Branch Schedule for Dec 30, 2021, onwards Advisory

BDO strengthens commitment to renewable energy

February 4, 2023
Schools required to provide drinking water for students

EMB-CAR warns public against chemical contamination of Itogon waterways

February 4, 2023
ADVERTISEMENT
HERALD EXPRESS | News in Cordillera and Northern Luzon

Herald Express is a news organization based in Baguio City that has a weekly publication and an online news portal. The newspaper is circulated in the different provinces of Northern Luzon. The name of the fastest-growing publication in town is coined from the word ‘quick messenger’ which is self-explanatory.

Follow Us

Search

No Result
View All Result
  • Headlines
  • City/Region News
  • Sectoral news
  • Opinion
  • Sports
  • Other sections
  • Ads & Notices
  • About Us

© 2022 Baguio Herald Express - Website Design by Neitiviti Studios.

No Result
View All Result
  • Headlines
  • City/Region News
    • Covid-19 Advisory and Updates
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business and Livelihood
    • Education, Arts & Culture
    • Environment and Disaster Management
    • Science, Health, and Welfare
      • covid-19 advisory and updates
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
    • Sports (Home)
    • Sports (Special Feature)
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us

© 2022 Baguio Herald Express - Website Design by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT

Add New Playlist