PH gov’t launches Overseas Filipino Bank
Fulfilling a campaign promise made by President Rodrigo Duterte, the Philippine government on Thursday, January 18 launched the new Overseas Filipino Bank (OFB)—a bank that caters specifically to Filipinos abroad. This comes about four months since Duterte signed Executive Order (EO) 44 on September 28, which approves the Land Bank of the Philippines’ (LBP) acquisition…