PH Consulate General in New York Hosts Financial Literacy Session on the National Government’s Retail Instruments
(Seated left to right) Chief Economist and DOF Undersecretary Zeno Ronald R. Abenoja, LBP Senior Vice President Gonzalo Benjamin A. Bongolan, and Treasurer of the Philippines, Rosalia V. de Leon address questions from the participants. (NY PCG photo)
NEW YORK 12 JULY 2023 – Philippine Consulate General in New York hosted an in-person Financial Literacy Session on the National Government’s Retail Instruments with the Bureau of Treasury (BTr), Department of Finance (DOF), and the Land Bank of the Philippines (LBP) on Monday, 11 July 2023 at the Philippine Center.
The Treasurer of the Philippines, Rosalia V. de Leon, briefed the audience that the National Government is set to launch a potential issuance of an onshore US Dollar-denominated retail instrument in the 3rd quarter of the year. The bond offering will be another key component of the government’s savings mobilization program designed to make government securities accessible to retail investors and to strengthen our nation’s financial literacy. The dollar bonds will be available for a minimum placement of $200, with the coupon payment to be tax-free.
To lay the groundwork for investing in Philippine retail instruments, Chief Economist and DOF Undersecretary Zeno Ronald R. Abenoja also provided a Philippine economic update focused on the recent developments in the Philippine economy, our macroeconomic policies in the light of global economic challenges, and the social value of participating in nation-building, through investing in the country's retail instruments.
LBP Senior Vice President Gonzalo Benjamin A. Bongolan, in turn, provided a step by step demonstration on how kababayan can invest. He also highlighted how investing has been made more accessible to the public by offering a wide array of options on how to purchase the RTBs through traditional and online channels. The National Government, through the BTr, has been issuing RTBs since 2001 as part of its efforts to support financial inclusion and literacy among Filipinos by making government securities more attractive and available to individual investors. END.
Philippine Consul General to New York Senen Mangalile (right) delivers his words to the participants during the Financial Literacy Session on the National Government’s Retail Instruments at the Philippine Center. (NY PCG photo)
Treasurer of the Philippines Rosalia V. de Leon briefs the audience that the National Government is set to launch a potential issuance of an onshore US Dollar-denominated retail instrument in the 3rd quarter of the year. (NY PCG photo)
Chief Economist and DOF Undersecretary Zeno Ronald R. Abenoja lays the groundwork for investing in Philippine retail instruments. (NY PCG photo)
For more information, visit https://www.newyorkpcg.dfa.gov.ph, https://www.newyorkpcg.org, https://www.facebook.com/PHLinNY/ or https://www.instagram.com/phinnewyork/.