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Jan 28 18, 8:26 am

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Duterte to visit UAE in July 2018 to open OFW Bank

by | TOP STORIES

Jan. 28, 18 | 8:26 am

President Rodrigo Duterte is set to visit the UAE in July this year to grace the opening of the overseas Filipino bank (OFW Bank) in Abu Dhabi and Dubai.

During a live stream interview of Mocha Uson, Assistant Secretary for Social Media of the Presidential Communications Group, with Alex Buenaventura, Chairman of the OFW Bank, on Facebook, it was revealed that the bank will be first opened in the UAE than in any other parts of the world.

Buenaventura said that representatives of the OFW Bank will have an office in the UAE, as well as in Bahrain, to facilitate the operation of the OFW Bank.

In a previous phone interview with TFT, Labor Secretary Bello said the process and requirements for opening an account are the same as those of other banks.

For now, he said OFWs who are in the Philippines can now directly open their accounts at the recently opened branch in Liwasang Bonifacio in Manila and choose the nature of their account – whether it will be savings, deposit, checking, etc.

He said that the OFW Bank’s website will be accessible in the second quarter of 2018 and when that happens, Filipinos in all parts of the globe can log in to this online platform to apply.

“Kapag na-ready na [‘yung website], pwedeng mag-online [application] kayo.

Bello added that opening an account is free for all overseas Filipinos, and no processing fee shall be charged.

As of now, it is exclusive for OFWs only, but the government is planning to expand its services for OFW families.

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UAE reaches over 530,000 tests, reports 53 recoveries

UAE reaches over 530,000 tests, reports 53 recoveries

The UAE has reported a total of 539,195 COVID-19 tests as of today, April 8 as well as another good news of the full recovery of 53 patients, with the total number of recovered cases in the country now at 239. UAE's Minister of Health, His Excellency Abdul Rahman Al...

Scientists believe COVID-19 hits men harder

Scientists believe COVID-19 hits men harder

Scientists reveal that there may be a possibility that coronavirus disease (COVID-19) can have worse effects on men.   The studies from experts, according to a report by The Guardian, show that in highly impacted countries—China, France, Italy, and South...

UAE reports 300 new COVID-19 cases, total now at 2659

UAE reports 300 new COVID-19 cases, total now at 2659

The Ministry of Health and Prevention (MoHAP) reported 300 new cases of the coronavirus disease (COVID-19) in the country, bringing the total to 2,659. MoHAP reported that the majority of these cases were those who did not follow proper quarantine procedures and...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

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With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

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