Banks and other financial institutions cannot charge additional fees for past due loans for two months with the passage of the Bayanihan to Recover as One Act, the Bangko Sentral ng Pilipinas says.

The Trump administration's executive orders against the two apps are set to take effect.

The country's billionaires were not spared from the impact of the pandemic, with most seeing declines in wealth based on Forbes' list of richest Filipinos. There were a few gainers too.