NEWS
Filipinos’ financial literacy needs more push, Home Credit survey reveals
January 30, 2022 11:09 a.m.
The pandemic pushed many Filipinos to be mindful of their personal finances. However, there’s still immense concern on the state of financial literacy in the country.
Both the 2015 World Bank (WB) survey and Central Bank’s 2019 financial inclusion survey revealed that only half of Filipino adults correctly answered financial literacy questions.
This was supported by a survey from Home Credit where only 10% of the respondents correctly answered questions that test their knowledge on various financial concepts.
The said survey was drawn from the consumer finance company’s self-crafted financial literacy quiz found in the My Home Credit App.
A two-part quiz, it offers users a chance to answer a series of questions involving personal finance and other financial literacy items.
To get an in-depth analysis of the quiz results, here’s a breakdown of the findings for each question:
Findings of Quiz 1: Basics of Budgeting, Digital Literacy, and Cybersecurity
More than 25,000 respondents took the first quiz that covers topics on basics of budgeting, digital literacy, and cybersecurity.
Within May to December 2021, the respondents mostly belong to the age group of 25-39 years old and 63% or majority are female.
From the results, only 10% got all correct answers from the six questions.
When asked about managing finances, almost half (as many as 10,000) did not apply the ideal saving formula in their monthly budget; they prioritize expenses first and save what is left.
On interest computation, 57% got the correct answer and the remaining half either got the wrong computation or does not know how to answer.
On a related question about inflation, respondents were asked about the impact of inflation and only 41.8% had the right understanding of its effects on their purchasing power and borrowing decisions.
Filipinos seemed to be more knowledgeable on investments and risk diversification.
When asked whether they will spread their money to multiple investments or focus on just one, almost 73% chose to put it into multiple investments to limit their losses, 22.5% for one investment and 4.6% do not know the answer.
Aside from inflation and basic numeracy concepts, cybersecurity and safety are also one of the concepts that are not well-understood by the takers with only 43.4% getting the correct answer – a number slightly lower than 47.8% before the covered period.
On the flip side, most respondents aced the question on what tasks can be done using digital financial tools at 97%.
The social distancing measures brought by the pandemic might be a huge factor on how well-versed Filipinos have become in using fintech tools for daily transactions.
In summary, results show that the respondents’ knowledge on all financial literacy concepts mentioned above are in the intermediate level with scores falling under 3 to 4 out of 6.
Basic numeracy, inflation, and cybersecurity and safety are the least understood concepts as indicated in the survey.
Findings of Quiz 2: The Basics of Budgeting, Saving and Borrowing
The second leg of the financial literacy quiz zoomed in on the basics: budgeting, saving and borrowing.
Launched in September, it covers the period of launch until September, there are over 19,000 responses, with more females attempting to take the quiz and from the age group of 25-39 years old.
The first three questions concentrated on how to properly plan a monthly budget and how to compute for an emergency fund.
Most quiz takers (66.8%) know that every month, they should at least make a budget plan and 88.4% know that the ideal amount of emergency fund should cover 3 to 6 months’ worth of expenses.
However, only ¼ of users know how to set a SMART Financial goal.
Regarding the basics of borrowing, almost all (95%) of quiz takers know that paying bills on time every month can help improve their credit score.
A total of 77.1% also answered that a consumer finance company is an institution that could help them avail cash or product loans.
On the similar topic of loan application, 83% knows the concept of loan repayment but only half of respondents know what a cooling off period in a loan is about; 65% knows that there are different ways that could help them approve their loans (such as preparing requirements ahead of time, borrowing an amount that you can pay, etc).
Looking at the findings of the second quiz, majority of Filipinos have a proper understanding of the basics of some financial concepts but would need guidance on comprehending more specific terms.
Regardless, the results of the second quiz show that the level of financial literacy in the country is promising and would continue to improve if taught properly.
This is where companies advocating for financial literacy come in. One of which is Home Credit Philippines, a longtime financial provider and financial educator both in global and domestic markets.
Through Wais sa Home, their financial and digital literacy program, they address the concerns revealed in the survey through various initiatives and activities aimed at driving financial inclusion and raising financial literacy standards amongst Filipinos.
“Our business model and the focal point of our corporate social responsibility efforts is centered on responsible lending. We want to help create responsible borrowers and good payers through financial education and digital financial literacy,” says Home Credit Philippines Chief Marketing Officer Sheila Paul.
To reach a wider audience and have a steady source of important financial and digital literacy concepts, Home Credit is launching its Wais sa Home website soon to allow more people to gain knowledge on basic money management and digital skills.
NEWS
BFAR, British Embassy Manila advance fisheries innovation, global collaboration in SAFET 2026
8:30 a.m. July 20, 2026
The Bureau of Fisheries and Aquatic Resources (DA-BFAR) and the British Embassy Manila have partnered to co-host the Seafood and Fisheries Emerging Technologies (SAFET) Conference 2026, set from September 8 to 10 in Cebu.
The event will bring together world-leading expertise from the UK’s Marine Management Organisation (MMO) and the Centre for Environment, Fisheries and Aquaculture Science (CEFAS) with on-ground operational experience from the Philippines to advance sustainable fisheries and aquaculture, responsible seafood sourcing, blue finance linked to marine protected areas, and emerging opportunities from marine energy
The partnership underscores a shared commitment between the Philippines and the United Kingdom to tackle the most pressing challenges facing the Indo-Pacific fisheries sector.
“SAFET 2026 reflects the Philippines’ commitment to building a modern fisheries sector where technology directly benefits both people and the environment. Through collaboration with global partners, we aim to accelerate practical innovations that strengthen fisheries governance, improve seafood traceability, conserve marine resources, and create better opportunities for our fisherfolk and coastal communities,” said BFAR National Director Elizer Salilig.
“We welcome our partners from around the world to join us in Cebu as we work together to turn innovation into meaningful action,” said Inga Wise, SAFET Executive Director.
“We cannot solve the complex challenges facing our oceans in silos. The SAFET Conference is a unique convergence point where market-driven technology meets government initiative. By bringing global tech innovators to the table alongside fisheries authorities, we are fostering the exact partnerships needed to build transparent, resilient seafood supply chains and secure thriving coastal livelihoods for the future,” she added.
Through SAFET 2026, BFAR and the British Embassy Manila will facilitate dialogue that includes coastal communities, technology developers, and policy-makers, ensuring that new tools are accessible, scalable, and tailored to the needs of the local fisheries sector.
“The challenges facing global fisheries require stronger partnerships and smarter solutions. SAFET 2026 provides a unique platform where governments, scientists, technology innovators, industry leaders, and fishing communities can work together to transform promising technologies into practical actions that strengthen the fisheries sector. We are proud that the Philippines is hosting this important global conversation and invite everyone to join us in shaping the future of sustainable fisheries,” said Philippine Agriculture Undersecretary for Fisheries Drusila Esther Bayate.
Advancing the Digital Shift
SAFET’s conference theme “From Innovation to Implementation: Powering Responsible Fisheries, Markets, and Livelihoods,” reflects the Philippine fisheries sector’s shift from manual processes to a comprehensive digital ecosystem.
BFAR is currently leading this transition by deploying cutting-edge tools, among them the Electronic Catch Documentation and Traceability System (eCDTS) and the Fisheries Integrated Information Management Center – Vessel Monitoring System (FIIMC-VMS).
By integrating the latest technologies such as artificial intelligence, satellite observation, and IoT-enabled monitoring, the Bureau is actively strengthening law enforcement, combatting illegal, unreported, and unregulated (IUU) fishing, and ensuring that Philippine seafood meets the highest international trade standards.
As the Philippines advances its digital transformation, SAFET 2026 reaffirms the country’s growing leadership in science-based fisheries management and its commitment to building a resilient, transparent, and prosperous future for all Filipino stakeholders. #
NEWS
Jordan Brand announces return of The One Tournament for 2026
4:11 p.m. July 19, 2026
Jordan Brand is running it back for the next iteration of The One—its premier one-on-one basketball tournament celebrating the intersection of the game, court culture, and community. In 2026, it’s louder, faster, and on a larger global stage.
As The One continues to grow, it remains rooted in a singular idea: to show who’s next and inspire a new generation to take their turn. At its core, The One reflects an incredible origin story. The inspiration is born from Michael Jordan’s legendary one-on-one battles, where every loss fueled something greater. That same mentality lives on in every matchup, every move, and every moment of this tournament.
In the Philippines, The One returns following a breakout year that saw young Filipino hoopers capture attention through fearless performances, underdog runs, and moments that resonated far beyond the court. In that inaugural edition, De La Salle Zobel and Gilas Youth standout Bonn Earvin Daja and UAAP Juniors Season 88 MVP Riri Perez crushed it to win the men’s and women’s tournament, while Perez and men’s finalist JM Tumabang from Adamson University High School went on to chase greatness in the global tournament in New York.
For 2026, the competition expands with two regional qualifying events across Cebu (25 July) and Manila (28-29 July) and a national qualifier at Jordan store, Metro Manila (1 August), opening the stage to even more athletes across the country. Ballers will be tested not just on skill, but on resilience, instinct and presence: the qualities that define greatness.
Following the national qualifiers, the 4 best athletes (2 male, 6 female) will compete in a ‘Final Elimination’ round on the 8thAugust at Jordan store in Metro Manila. They will go head-to-head in fierce competition and from this, two ballers (1 male, 1 female) who rise above the rest will earn a place on the ultimate stage: The One Global Finals, on August 29, 2026 in Shanghai.
To give them the best chance at the Philippines ballers taking the crown on the global stage, Jordan Brand are setting these two ballers up with an incredible training and mentor journey. Over the three weeks before the big competition, they will get the chance to train and learn from both Kiefer Ravena and Lethal Shooter, giving them an edge over the rest.
Registration for the Philippine qualifiers opens on July 18. Open to boys and girls ages 14 to 18, the tournament challenges hoopers to embrace pressure, showcase individuality, and compete for global recognition.
Alongside the competition at each stop will be programming that underlines how basketball influences the world beyond the court, including live performances, athlete appearances, and many other surprises along the way.
For ballers, register now: https://www.jordanbrandtheone.com/
NEWS
Canon PH renews support for Philippine Red Cross to aid Mindanao Earthquake Relief and Recovery
6:19 p.m. July 13, 2026
Canon Marketing (Philippines), Inc. (CMP), together with Canon Business Service Centre Phils., Inc. (CBSC), has renewed its partnership with the Philippine Red Cross (PRC) to support relief and recovery efforts for communities affected by the recent earthquake in Mindanao, including Sarangani and General Santos City.
The donation underscores Canon’s continued commitment to standing with Filipino communities in times of crisis and delivering timely assistance to those in need.
“Our commitment to the philosophy of Kyosei means standing together with communities, especially in times of uncertainty,” said Anuj Aggarwal, President and CEO of Canon Marketing (Philippines), Inc. “Through our continued partnership with the Philippine Red Cross, we hope to bring not only essential relief but also hope to families as they recover and rebuild their lives. We are honored to support the invaluable work of the Philippine Red Cross in reaching those who need it most.”
Philippine Red Cross Chairman Richard Gordon welcomed Canon’s continued support, highlighting the impact of sustained collaboration between the private sector and humanitarian organizations in disaster response.
“We are grateful to Canon for its continued partnership with the Philippine Red Cross,” said Gordon. “Canon has consistently demonstrated its commitment to humanitarian action, having also extended its support during the Cebu earthquake response. Together, we can provide timely relief and help communities recover stronger from times of crisis.”
Guided by its corporate philosophy of Kyosei, living and working together for the common good, Canon remains committed to supporting initiatives that create meaningful, lasting impact. Through this partnership, Canon reaffirms its commitment to helping Mindanao earthquake-affected communities recover, rebuild, and emerge stronger.
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