Bankers endorse greater mobility for vaccinated individuals

Bankers in the Philippines endorse the greater mobility for fully-vaccinated individuals to support the recovery of the Philippine economy.

In a statement, the Bankers Association of the Philippines (BAP) said it strongly supports efforts to grant greater mobility to fully vaccinated individuals. 

"With more than 50 percent of the population vaccinated in the metropolitan and adjacent areas where most business activities are situated, spurring economic activity can be best achieved," said BAP president Jose Arnulfo Veloso.

Veloso, who is also the president and CEO of the Philippine National Bank, said the mobility of fully-vaccinated Filipinos will encourage spending on various goods and services including in tourism, hospitality and transport industries that are among those hit the hardest by the ongoing COVID-19 pandemic. 

"Domestic consumption is a good first step in the road towards the country’s recovery. Our fellow Filipinos protected by the vaccine are key to surpassing this health crisis," he said.