Duterte to open bank for Pinoy workers abroad

the first Overseas Filipino Bank Thursday at the Philippine Post Office Building in Manila City.

Labor Secretary Silvestre Bello 3rd said the promise made by a number of politicians in the past.

“This has been the promise of politicians - is good news for all overseas Filipinos and for the Philippine economy,” Bello said at the Pandesal Forum in Quezon City.

He added that overseas Filipino workers could avail themselves of loans from P50,000 to P350, 000, collateral-free, and with lower interest rates than other regular banks.

Bello said the government would create two million jobs this year because of the “Build, Build, reform law.