Fulfilling a campaign pledge to his overseas Filipino constituency, President Rodrigo Duterte has signed Executive Order 44, allowing the government-run Land Bank of the Philippines to take over the Philippine Postal Savings Bank and convert it into the “Overseas Filipino Bank” (OFB).

This is good news to overseas Filipino workers (OFWs) and their families, who have been clamoring for a bank that will cater especially to their needs.

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