Maraming pinoy pa rin ang hindi nakasanayan ang pag-iipon sa bangko.
Kadalasan, nagdadalawang-isip sila na pumasok sa bangko sa paniniwalang maraming requirements at mataas ang initial deposit. Habang ang iba naman ay kuntento nang nakatago sa bahay ang kanilang ipon na pera para “easy access” kapag may biglaang gastusin.
The ongoing pandemic has caused a lot of sectors to spiral down, following multiple lockdowns, and an insubstantial COVID-19 response from the Philippine government that was based on unreliable economic policies.
While essential industries such as food manufacturing and telecommunications, as well as food stores for groceries, were able to survive year-round in 2020, other industries, particularly property and construction, were the ones that were hit the hardest.
In fact, the construction industry shrank to 33% during the latter half of 2020, an indirect effect of the stricter quarantine measures that prohibited the continuation and development of construction projects.
However, the good news for prospective investors is that the plunge that these industries experienced in 2020 is expected by experts to be the driving factor to the growth of these industries from 2021 onwards. Continue reading Investing in the pandemic: Resilient sectors to rely on
