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Manila Bulletin devider Business devider Culture of saving, investing among Filipinos needed

Culture of saving, investing among Filipinos needed

Published Feb 13, 2024 07:15 am

Finance Secretary Ralph G. Recto emphasized the need to promote a culture of saving and investing in the country, while encouraging Filipinos to consider investing in retail treasury bonds (RTB).

“We should instill in our people a mindset that embraces and normalizes a culture of saving and investing, all while actively participating in the nation’s development,” Recto said in his keynote speech on Tuesday, Feb. 13 during the launching of the new RTB.

Recto explained that investment does not necessarily require a substantial amount, highlighting the availability of affordable investment opportunities for small savers.

One such opportunity is the RTB, which the finance chief described as more than just a financial contract, but also a commitment to the shared prosperity of the country.

“It will help drive the government’s socioeconomic agenda forward and empower ordinary Filipinos to chart their path to financial freedom for a more secure future,” he said.

RTBs encourage ordinary Filipinos to start investing in safe and stable sources of passive income while helping the government raise funds to finance its priority projects nationwide.

With a minimum investment of just P5,000, RTBs are accessible and virtually risk-free investment instruments that are guaranteed by the entire financial capacity of the Philippine government.

The RTB, in particular, is a five-year tenor investment with a gross interest rate of 6.250 percent per annum, payable every quarter until its maturity in 2029.

The RTB 30 also offers an exchange program, which provides a convenient way for investors to re-invest their funds and mitigate reinvestment risk upon maturity of the eligible bonds.

Eligible participants for the exchange are existing holders of RTB 22 and 25.

The public offering will begin on Feb. 13, 2024 until Feb. 23, 2024, and will be settled on Feb. 28, 2024.

All Filipinos, both here and abroad, can easily avail of RTBs to help improve their lives and the state of the country.

“RTBs are just a few swipes away, making investing as easy as ordering our favorite food delivery,” Recto emphasized.

Related Tags

ralph recto retail Treasury bond RTBs Finance Secretary
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