THE Department of Labor and Employment (DOLE) is encouraging Filipino migrant workers to invest in the Overseas Filipino Workers (OFW) Bank that will be operational in October. The OFW Bank will handle the remittances and other banking needs of Filipino workers abroad. So instead of applying for a loan from the Land Bank or other banks, you can do it with the OFW Bank, your own bank,” he added. The creation of the OFW Bank is one of President Rodrigo Duterte’s three promises to migrant Filipino workers during the presidential campaign. The labor chief said that the OFW Bank will complement the OFW Integrated DOLE System (iDOLE), which will also be operational soon.

Source: Manila Times July 10, 2017 09:45 UTC