The eMagazine of Philippine Information Agency 10
FRIDAY, SEPTEMBER 16, 2016
Gov’t offers 10-year retail T-bonds
CAGAYAN DE ORO CITY – The Bureau of Treasury (BTR) is offering 10-year retail treasury bonds (RTBs) to the investing public until September 16.
The issuance of RTBs forms part of the government’s initiatives to make government securities available to small investors. It also aims to build investment-consciousness among Filipinos. Because they are direct, unconditional and general obligations of the Republic of the Philippines, RTBs are considered low risk and affordable securities with minimum denomination of P5,000. They are also negotiable and transferable and offer a quarterly interest income to the investor. “This issue will mark the first RTBs under the new administration of President Rodrigo Duterte,” said National Treasurer Roberto Tan during the Press and Investors’ Briefing on Retail Treasury Bonds Tranche 18 at Limketkai Luxe Hotel, September 13. He said the issuance is a fundraising exercise aims to augment the funds available for the President’s socioeconomic agenda, with particular emphasis on infrastructure projects
and social services. The Philippine government has issued a total of P1.4 trillion RTBs in 17 tranches from 2001 to 2013. The Tranche 18 RTBs will be issued on September 20, 2016 and will mature on September 2026 at a coupon rate of 3.5 percent. They are available to individuals, corporations, financial institutions and other institutional investors through BTr authorized selling agents including BDO Capital and Investment Corporation, BDO Universal Bank, BPI Capital Corporation, China Banking Corporation, Citibank N.A., Development Bank of the Philippines, East West Banking Corporation. First Metro Investment Corporation, ING Bank, Land Bank of the Philippines, Metropolitan Bank & Trust Company, Philippine Bank of Communications, Rizal Commercial Banking Corporation, Robinson Bank Corporation, and Security Bank Corporation. (APB/PIA10)
Pag-IBIG Fund grants up to 80% loan entitlement CAGAYAN DE ORO CITY – To help members who are in need of cash for minor home renovations, livelihood, educational expenses, health and wellness, payment for utility bills and more, the Pag-IBIG Fund now grants as much as 80 percent of the member’s total savings in Multi Purpose Loan (MPL).
Members who have at least 24 months remitted savings based on the mandatory rate inclusive of the employee and the employer counterpart are qualified to avail the loan. The total savings of a Pag-IBIG Fund member entails his or personal share, employer counterpart and earned dividends. To avail the MPL, Pag-IBIG Fund members must submit the duly accomplished and original copy of the MPL, latest pay slip, payroll or any sufficient proof of income, duly authenticated photocopies of the member’s two valid and unexpired identification cards (IDs), stencil or photocopy of the member’s unexpired Land Bank of the Philippines (LBP) or Citibank Cash Card or automatic
teller machine (ATM) or passbook of member’s savings account in LBP or Development Bank of the Philippines (DBP), latest transaction receipt of the member’s savings account in LBP or DBP. Moreover, a member who opts to renew his or her MPL may qualify provided that he or she has remitted at least one month remitted savings for the last six months prior to the date of application and paid at least six months monthly amortization. Members will also qualify if it has been already six months since the date that he or she made the previous loan. The documents can be submitted for evaluation at the nearest Pag-IBIG Fund branch or service desk.(RTP/ PIA10)
35 young leaders in ARMM to take part in leadership MARAWI CITY, Lanao del Sur – Around 35 youth leaders from different provinces of the Autonomous Region in Muslim Mindanao (ARMM) will undergo a series of learning experiences in different key cities in the country starting this week. This, after the Office of the ARMM Regional Governor, the Eisenhower Fellows Association of the Philippines, and the Ayala Foundation Inc. launched the 2016 Bangsamoro Young Leaders
Program - Leadership Communities (BYLP-LeadCom) on September 11, at the ARMM Compound in Cotabato City. BYLP-LeadCom is a year-long
leadership platform that aims to empower young leaders to respond to the rapidly changing solutions-based leadership in the context of thematic areas of health, education, livelihood, and peace. Following the month-long learning circuit, the young leaders will then proceed to the project implementation where they will be
directly engaged in transforming their own communities across Bangsamoro as an opportunity to strengthen their newly acquired skills. The BYLP-LeadCom started out as Bangsamoro Young Leaders Program in 2015 with 28 fellows from the province of Basilan. (BPI/APB/ PIA-10)