You lost your phone and/or wallet or somebody stole your valuables? Megacitizens.com tells you what to do next, and what preventive measures you can take to save yourself from as much trouble as possible.
Opening a bank account at a Philippine bank will get you a national debit/credit card that you can use for most of your transactions in the Megacity. Local debit or credit cards makes cashless shopping available and enables you to withdraw from any ATM anywhere in the country.
International Credit Cards are good to withdraw money and to use in upper-class hotels and restaurants. For everything else, you should carry cash.
Planning to open a Philippine bank account while you are in the country? Take a look at bank requirements here.