Princess Althoma Brima

National ID

National ID to Ease Banking Requirements for Filipinos

The Bangko Sentral ng Pilipinas (BSP) signed a deal with the Philippine Statistics Authority (PSA) to subsidize the production and distribution of blank cards for the Philippine Identification System (PhilSys) or the country’s national ID scheme, in hopes of growing financial inclusivity among Filipinos by reducing the documents required to open bank accounts.

DTI Innovation Law-min

DTI Seeks Early Release of ₱300-M Fund For Innovation Law

The Department of Trade and Industry (DTI) is proposing the early release of at least 20% of the annual budget of a new law, Republic Act 11293 or the Philippine Innovation Act, to be used as revolving fund for the agency’s efforts next year in assisting micro, small and medium enterprises (MSMEs) with helping the poor and marginalized through tech innovation.