Thursday, September 23, 2021

ONLINE LITERACY SESSION ON INVESTING IN RETAIL DOLLAR BONDS (RDBs)

Posted on Thursday, 12 August 2021 

12 August 2021 – The Philippine Embassy in Singapore, in partnership with the Philippine Bayanihan Society (PBSS) and in cooperation with the Bureau of Treasury (BTr), hosted an online financial literacy session on 11 August 2021 entitled “Retail Dollar Bonds – Expand, Invest, Elevate” to introduce the latest offering of the BTr, the Retail Dollar Bonds (RDBs), a low-risk investment opportunity for OFWs and individuals.

Conducted by National Treasurer Rosalia V. De Leon, the RDBs, which will be offered by BTr this year, encourage investors to diversify their investments and, at the same time, contribute to nation-building as the RDBs will be used in funding the Philippine government’s priority projects. Other speakers include representatives from the Development Bank of the Philippines (DBP), OF Bank, a wholly-owned subsidiary of Landbank, and First Metro Sec.

With only an initial investment of as low as US$300, investors will be able to enjoy full interest on their principal RDBs in tenors of seven (7) to ten (10) years, without deductions or charges. The National Government will assume the withholding tax on interest income.

In his remarks,  Philippine Ambassador Joseph del Mar Yap shared that Filipinos in Singapore are known to have high financial literacy and have been very receptive to the previous offerings of Retail Treasury Bonds by BTr. He also reminded the Filipino Community of the importance of the habit of saving which he said should be made a priority by Filipinos especially while they are gainfully employed abroad.- END