With so many places to see and malls to explore in Abu Dhabi, your hard-earned money could easily run out if you’re not careful. Fortunately, there are many investment opportunities out there that can help us maximize our savings for the future.
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One such opportunity is Premyo Bonds, which was launched last month at the Philippine Embassy in Abu Dhabi, in coordination with the Philippine Bureau of the Treasury.
Premyo Bonds Introduced to Filipino Community in Abu Dhabi
On 23rd November 2019, the Philippine Embassy in Abu Dhabi hosted a financial literacy forum attended by the Filipino community as well as representative from Land Bank of the Philippines, Philippine National Bank, and other partner banks.
The forum featured the launching of Premyo Bonds, which was presented by Erwin Sta. Ana, Deputy Treasurer of the Philippines, a press release from the Embassy reported.
What exactly is it all about? In a nut shell, Premyo Bonds:
Are one-year investment securities for investors, cooperatives, and associations;
Provide people opportunities to invest in government securities;
Offers a chance to win cash prizes of up to PHP 1 milion per quarter; and
Are available for a minimum investment of just PHP 500!
“It is a tacit recognition of the significance of an empowered Filipino community as having the capacity to spur economic growth in the Philippines through remittances and bonds,” stated Marford Angeles, Deputy Head of Mission of the Philippine Embassy in Abu Dhabi.
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Angeles also lauded the Philippine Bureau of Treasury for choosing Abu Dhabi as the first stop in launching Premyo Bonds.
Meanwhile, Deputy Treasurer of the Philippines Erwin Sta. Ana shared that Premyo Bonds offer a “rewarding way to start investing,” especially since it gives investors the chance to win in quarterly raffle draws and gives them quarterly interest payments.
For more information about Premyo Bonds, including how to invest in these government securities, please visit the official website of the Philippine Bureau of the Treasury.
If you are a beginning investor looking for a safe and rewarding way to invest, why not consider availing of Premyo Bonds? Likewise, to save on money, here’s a list of free things to do in Abu Dhabi, so you can enjoy your free time here without hurting your pocket! (link)
Image Credits: Philippine Embassy in Abu Dhabi, Bureau of the Treasury websites
Marford Angeles, Deputy Head of Mission, addresses the Filipino community during the opening program of the financial literary forum.
Image Credit: Philippine Embassy in Abu Dhabi website
Erwin Sta. Ana, Deputy Treasurer of the Philippines, talks about the raffle mechanics of Premyo Bonds.
Image Credit: Philippine Embassy in Abu Dhabi website