This article provides a background to the birth of offshore banking units (OBUs) in the Philippines, its operations and the factors affecting the positioning of financial offshore centers. It also discusses the issues confronting OBUs and its effects on domestic banks/banking technology. A short assessment of OBUs future is provided.
The Philippine Journal of Development (PJD) is a multidisciplinary, peer-reviewed journal published biannually by the Philippine Institute for Development Studies (PIDS). It serves as a platform for disseminating policy-oriented research on development issues, including the economy, business, public administration, foreign relations, sociology, and political dynamics.
P-ISSN 2508-0954 • E-ISSN 2508-0849 • https://doi.org/10.62986/pjd