BTr Cam Sur opens new office, offers RTB29 at highest interest

By Keren Anne Bernadas

NAGA CITY --- The Bureau of Treasury (BTr) Camarines Sur is now lodged at a bigger space after the blessing and inauguration of its new office at Brgy. Peñafrancia in this city on Friday, February 10 .

On the same day, the bureau also encouraged the public to invest in the national government’s 29th Retail T-Bond (RTB) with gross interest rate of 6.125 percent per year which is quarterly payable in five and a half years or until its maturity in 2028. This took place in a simultaneous roadshow nationwide in the Summit Hotel, here.

The offer which started on February 7 ended on February 15. The minimum investment for the said bond is P5000.

BTr Bicol Regional Director Everrette Villaraza said that through the expansion of a new office in the province, their clients and investors are assured of a more efficient and effective delivery of services.

“All other processes of our office which support our mandates have now migrated online so we invite the public to try our online facilities to experience trustworthy and reliable payments, and transactions,” Villaraza added as she commended the new digital interventions of the bureau in reaching more investors and clients.

Atty. William Beluzo Jr., BTr Director for Legal Services Division told the press that the proceeds of the bond issuance will go back to the general funds of the government which will be used for various public purposes under the General Appropriations Act.

“This fund-raising of the treasury through the retail T-bonds is one part of the government’s approach to finance development projects and programs in matters of infrastructure, education, health, etc,” Beluzo said.

Villaraza added that investing in the government is a better way to do when a person seemed worried about the economy. “Lock in your gains. We can never really do away with those worries but what we can do is to manage your reprisals (referring to an act of regaining something from possible losses,” she said.

This time, the RTB utilizes digital payment to cater to young and more investors through its online ordering facility or www.treasury.gov.ph., Bonds.PH Mobile Application, and Landbank of the Philippines mobile banking application. (PIA5/Camarines Sur)