BAP encourages those who have been completely vaccinated to move about more freely.
Bank executives have supported the proposal to provide fully vaccinated people with more mobility, noting its assistance to the rebuilding of the domestic economy after the epidemic.
“Spurring economic activity may be best accomplished with more than 50% of the population vaccinated in the metropolitan and surrounding regions where most commercial operations are located,” the Bankers Association of the Philippines (BAP) stated in a statement released last Monday, September 27, 2021.
According to the BAP, the mobility of Filipinos who have received full doses of coronavirus disease 2019 (Covid-19) vaccinations “would stimulate expenditure on different products and services.”
It is expected that this would promote recovery bids in areas such as tourism, hospitality, and transportation.
“Domestic consumption is an important first step on the path to recovery for the nation.” “Vaccinating our fellow Filipinos is critical to overcoming this health catastrophe,” it said.
This comes as experts consider how to make the granular lockdown system, which is now being tested in Metro Manila and other cities, more user-friendly.
This month, the government began a pilot test of the alert level system in Metro Manila, after the country’s capital was placed on Alert Level 4 after its switch to broad population quarantine (GCQ).
There will only be two degrees of quarantine under the new system, which is currently being evaluated: enhanced community quarantine (ECQ) and general community quarantine (GCQ).
Restrictions, on the other hand, will vary in severity based on the circumstances in a given region.