MUFG’s Universal Bank License Expands Japan’s Financial Reach in PH
Japan’s Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest and most influential banking institutions, has secured a universal banking license from the Bangko Sentral ng Pilipinas (BSP): a major milestone in the country’s financial landscape. MUFG’s Philippine branch—MUFG Bank, Ltd.—is now authorized to operate with the same breadth of capabilities as domestic universal banks, enabling it […]
OFW Deployment Falls 30% as Middle East Crisis Slows Overseas Employment
The number of overseas Filipino workers (OFWs) leaving the country has dropped sharply this year, reflecting the growing effect of conflicts and travel disruptions in major overseas destinations. OFW deployment fell by 30 percent to just over 980,000 during the first seven months of the year, compared with the same period in 2025, according to the Department […]