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Suggests transforming OFW bank into “virtual bank” with zero physical branches (Eagle News) – Finance Secretary Carlos Dominguez said he has coordinated with the Bangko Sentral ng Pilipinas so it could “check” all its regulations that “stymie the growth of electronic commerce in the country.” In a statement on Monday, Dominguez revealed he made the coordination with BSP Deputy Governor Maria Almasara Cyd Amado, as he gave a push for the use of digital technology […]
(Eagle News) — President Rodrigo Duterte fulfilled his earlier promise to the country’s overseas Filipino workers when he led the ceremonial opening of the Overseas Filipino Bank (OFBank) in Liwasang Bonifacio, Manila on Thursday, January 18. “Mga kababayan ko, I made simple promises during the election. I am not into politics but I would just like to remind you that I kept my campaign very simple, with about four basic fundamental promises and I […]
(Eagle News) – The Overseas Filipino Bank is set to launched tomorrow, January 18, ready to provide financial and remittance services tailored to the needs of overseas Filipino workers, according to the Department of Finance The launch will happen Thursday afternoon at the PostBank Center in Liwasang Bonifacio, Manila. “We recognize the contribution of our overseas Filipinos to our economic growth we are now enjoying; and related to this, we acknowledge their financial needs,” Roque […]
(Eagle News) – The bank that will cater to the needs of overseas Filipino workers promised by President Rodrigo Duterte will soon be a reality. Malacanang released on Monday, October 9, Executive Order No. 44, which approved the acquisition of Philippine Postal Savings Bank (PPSB) and its conversion into the Overseas Filipino Bank (OFB) President Rodrigo Duterte signed EO No. 44 on September 28 this year, or almost a year after the President first […]
