BSP phasing out old bills, Replacement Process of Old Banknotes (New Design Series, NDS) with New Generation Currency Banknotes

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The Bangko Sentral ng Pilipinas is phasing out old banknotes or New Design Series bills starting new year.

BSP Deputy Governor Diwa Guinigundo announced that the demonetization of old banknotes will start on Jan. 1, 2015 to preserve the integrity of the Philippine peso as well as to benchmark with other countries' central banks practice of demonetizing banknotes every ten years to prevent counterfeiting.

Guinigundo said the move is in line with the provisions of Section 57 of Republic Act No. 7653, or the New Central Bank Act, that authorizes BSP to replace banknotes that are more than five years old. The NDS banknotes have been in circulation for almost three decades, he said.

These NDS that will be phased out include old 20-peso bill; 50-peso bill; 100-peso bill; 200-peso bill; 500-peso bill; and one thousand-peso bill.

The NDS banknotes have been in circulation for almost 3 decades:

Demonetizing NDS will result in the circulation of a single currency series in the country – the New Generation Currency (NGC) series.

Issued on December 16, 2010, the NGC banknotes are using new and enhanced security features to help thwart counterfeiting.

The two old designs of 10-peso bill bearing the face of Apolinario Mabini alone and Mabini together with Andres Bonifacio as well as the five-peso-Emilio-Aguinaldo-design bill are included in the demonetization. These three old banknote designs have no formal demonetization in the past years even they were replaced with new 10-peso and five-peso coins.

The NDS bills that will be demonetized are set to replace with the New Generation Currency or the latest designs of paper money introduced by the BSP in December 2010.

The central bank official said the public may continue to use the old banknotes until December 31, 2015 in paying and buying of goods and services and other business or financial transactions requiring the use of cash.

By Jan. 1, 2016, old banknotes can no longer be used in day-to-day transactions. However, from the said date up to Dec. 31, 2016 the public may exchange the NDS for NGC with authorized financial institutions such as universal and commercial banks, thrift banks, rural banks, and cooperative banks or with the BSP at full face value and without charge.

Guinigundo also said that for overseas Filipinos, who have NDS banknotes which could not be exchanged within the prescribed period, they may register from October 1, 2015 until December 31, 2015 through the BSP website. The NDS banknotes may be exchanged with the BSP within one year from date of registration.

By January 1, 2017, the old banknotes will no longer have monetary value and will be considered demonetized.

Guinigundo said that there are 729 pieces of old banknotes or about P192 billion to be demonetized. These are 25 percent of the total volume and 26 percent of the total value in the circulation.

The demonetization of NDS will result in the circulation of a single currency series in the country -- the NGC series.

The BSP had stopped the production of old banknotes since last year.

BSP Announces the Replacement Process of Old Banknotes (New Design Series, NDS) with New Generation Currency Banknotes 

The Bangko Sentral ng Pilipinas (BSP) announces today the start of the demonetization process on 1 January 2015 for the old banknotes (New Design Series, NDS) as part of its objective to preserve the integrity of Philippine currency. This move is in line with the provisions of Section 57 of Republic Act No. 7653, otherwise known as the New Central Bank Act, which authorizes the BSP to replace banknotes that are more than 5 years old. The NDS banknotes have been in circulation for almost three decades .

The public is advised of the following important information:

* The public may continue to use the NDS banknotes up to 31 December 2015 in paying and buying of goods and services and other business or financial transactions requiring the use of cash. Thereafter, the NDS banknotes will no longer be accepted for payment transactions;

* From 1 January 2015 to 31 December 2016, the public may exchange with authorized financial institutions, namely universal and commercial banks, thrift banks, and rural as well as cooperative banks, their NDS banknotes with the New Generation Currency (NGC) Series at full face value, without charge. The public may also opt to exchange NDS banknotes with the BSP or any of its regional offices/branches around the Philippines ; 

* Government institutions holding in trust NDS series which could not be exchanged during the prescribed period, such as banknotes used as evidence in a litigation case, will have to request the BSP Cash Department in writing, within the period of exchange, for a special exchange arrangement;

* For Overseas Filipinos (OFs) abroad, who have in their possession NDS banknotes which could not be exchanged within the prescribed period, they may register online starting 1 October 2015 to 31 December 2015 through the BSP Website. These NDS banknotes may be exchanged with the BSP within one (1) year from date of registration; and

* Starting 1 January 2017, NDS banknotes that have not been exchanged shall no longer have any monetary value, and are considered demonetized. 

* The demonetization of the NDS will result in the circulation of a single currency series in the country – the NGC Series. The NGC banknotes which were issued on 16 December 2010 use new and enhanced security features to protect the safety of the public against counterfeiters. 

www.bsp.gov.ph

Beauty: The best gift you can give your friends this Holidays

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It is said that "Beauty is in the eye of the beholder." But we think it's actually in the eye of the woman who gets the most sleep, drinks the most water and follows daily regimen.

Looking your personal best may be an all-day ritual. There's something we do everyday, an investment that will have you not only looking beautiful but feeling that way, too.  Always take care of yourself. 

All day long, be mindful of your stature. Stand up straight with your shoulders back. Walk tall and think positive thoughts. Offer up your happiest smile. Let your inner beauty shine outward.

You are a beautiful gift to the world.

Everyday, and for special occassions, like birthdays and holidays, you can share or gift something to your friends, loveones and to yourself - a wonderful, helpful and memorable one. 

Youth and beauty – these are two things that you and your friends might put on your must-have list at any given time. To always look young and energetic, dazzling everyone with your attractiveness and a winning spirit that shows your can-do attitude. To always have that adrenaline flowing through your veins, confident that you can move and act in the pace you want.

While you can’t turn back the hands of time, there’s a better way to give yourself, friends, and loved ones these two desirable, yet priceless gifts this holiday season. Experience the pleasure of tapping on a new source of power that can delay the aging process and usher in a new phase of rejuvenation, both physical and mental. The good news is, the gift of youth and beauty can be yours in one lovely gift – the new Premium HyC 150!

This powdered collagen drink manufactured by FINE Japan Co. Ltd. Is now distributed in the Philippines and easily accessible to anyone who wants to feel young, move young and look young. This new product has been called the new fountain of youth because it contains the optimal combination of effective anti-aging nutrients, plus more in one sachet. Mix with your beverage of choice or just add plain water and its semi-sweet flavor makes it even more enticing to drink during breakfast, snack time, or an after dinner refresher. 

The Premium HyC 150 makes rejuvenation possible through its two main nutrients: collagen and hyaluron. Collagen slows down the aging process and prevents dryness of skin, wrinkles, and age pores. It also counters the effects that excessive sun exposure, pollution, and bad weather can do to our skin. Meanwhile, hyaluron gives you moisture to lubricate joints and tissues allowing you to stay active.

More than the potent combination of collagen and hyaluron, Premium HyC 150 also contains a good dose of Pearl Coix Extract that brightens skin, making you look fairer. Long used in traditional Chinese medicine for centuries, it also helps eliminate freckles, heal tumors, and remove inflammation from the body. Complementing this is Vitamin C, which makes your skin healthy, spot- and blemish-free. Make it a habit to take Premium HyC 150 daily – then see and feel the difference in just a few days. 

Youth and beauty in one sachet. It’s a convenient gift you can give your friends this holidays – and see its lovely effects last longer than the season.

For more information, visit our website at www.HyC150.com; like us on Facebook https://www.facebook.com/HyC150, follow us on Twitter #HyC150 or Instagram @HyC150. Or call (02) 5467297. Premium HyC 150 is now available at selected Watsons stores nationwide.

Backroom, Inc. looks ahead for a more blessed and brighter 2015

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Backroom, Inc. wrapped up a blessed and meaningful 2014 with a Christmas Party last December 18 held at the Village Patio, 185 Maginhawa Street, Diliman, Quezon City.

For Backroom, Christmas is always a joyous and much-anticipated season of the year. It is a time of merry-making and thanksgiving for all the blessings received. The Christmas Party was also a continuation of Backroom’s 25th anniversary celebration.

The party began with a Thanksgiving Mass officiated by Reverend Fr. Allan Samonte followed by a sumptuous dinner.

After dinner, exciting parlor games were played participated in by Backroom staff, artists, and guests.

One of the highlights of the party was the videoke singing competition among Backroom staff and guests. Junnel Manansala, Backroom artist and member of NYOBG, emerged as the First Place winner with his rendition of the song Let Me Be the One. Jamie Almario who sang You bagged Second Placewhile Philip Rojas who sang Bituing Walang Ningning won Third Place.

A video presentation reminiscing the company’s 25 years was presented. Happy memories of the good old years were recalled as the staff and the guests watched old photos on the screen.

As part of its annual tradition, Backroom had its raffle draw and exchange gifts. Raffle prizes were also drawn for lucky guests.

It was a fun and intimate Christmas Party. Backroom, Inc. is now optimistic for a more blessed and brighter 2015!

SilkAir, SIA’s regional wing, can now fly to Denpasar, Bali and soon to Cairns

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SilkAir, the regional wing of Singapore Airlines, SilkAir operates the Singapore Airlines Group's narrowbody fleet and extends the Group network by seeding and developing new, exciting destinations in Asia Pacific.

Passengers of SilkAir, Singapore Airlines’ regional wing, can now fly to Denpasar, Bali as the carrier launched its flights to the destination on 12 December 2014. Next year, passengers will also have to opportunity to fly to Cairns, Australia as SilkAir begins it flights to the destination on 30 May 2015. 

SilkAir, the regional wing of Singapore Airlines, will begin daily services to Denpasar on 12 December 2014 and to Cairns on 30 May 2015.

Together with Singapore Airlines’ four daily flights to Bali’s capital, both airlines will offer a total of five round-trip services a day, subject to regulatory approval. For the route to Cairns, SilkAir plans to operate three times weekly on Mondays, Thursdays and Saturdays, through circular routings with Darwin. The inaugural flight and subsequent Saturday flights will depart Singapore for Cairns non-stop and then return to Singapore via Darwin. The Monday and Thursday flights will fly to Cairns via Darwin and then return to Singapore non-stop.

Passengers coming from Manila can choose from four daily flights to Singapore via Singapore Airlines to connect conveniently to Denpasar, while passengers coming from Cebu, Davao or Kalibo can fly to Singapore via SilkAir. Passengers connecting through Singapore can also take advantage of the Singapore Stopover Package, which is inclusive of overnight hotel accommodation with roundtrip airport transfers for as low as USD35. Those traveling beyond Singapore are also entitled to a SGD20 Changi Dollar Voucher that may be used at the different outlets in Changi International Airport.

“The increase in the number of flights reflects Singapore Airlines Group commitment in expanding our service offerings and providing our customers with more choices and convenience.  Through synergising the networks of both airlines, we are able to enhance the connectivity options available to our customers through our combined network of 99 cities in 35 countries,” Singapore Airlines’ Senior Vice President, Marketing Planning Ms Lee Wen Fen said.

SilkAir’s Chief Executive, Mr. Leslie Thng said, “Bali is a popular year-round travel destination renowned for its multifaceted attractions from temples, to pristine beaches and paddy fields. SilkAir is extremely pleased to have the opportunity to connect travellers around the world to this vibrant tourist destination from 12 December.”

As for the new Cairns route, Thng, shared: With the launch of Cairns, we, together with our parent company Singapore Airlines, will soon serve a total of seven points in Australia, namely Cairns, Darwin, Adelaide, Brisbane, Melbourne, Perth and Sydney. “We believe this new service will be of interest to the leisure travelers as Cairns is well known for being the gateway to the popular Great Barrier Reef.”

Founded in 1876 as the port for inland goldfields, Cairns is the hub of Tropical North Queensland and has the closest access to the Great Barrier Reef, which is the largest reef in the world, measuring 2,011km in length and 72km across at its widest point, also making it the world’s largest World Heritage Area.

Customers are advised to note that the new flights may not be immediately available in computer reservations systems due to the lead-time required in making system updates.

Filipino Bloggers Network Christmas Party 2014

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I am enjoying wonderful world of bloggers for more than three years. A lively and active online communities, social networks, community platforms and groups of people with similar goals, commonalities, affinities, interests connect and exchange information.

The Filipino Bloggers Network (FBN), one of the most active bloggers group in the country, successfully held its annual Christmas party at the Aluform facilities at Jade Garden, San Juan City last December 13.

The event which was filled with fun games, great food and more importantly, sharing of stories of the fellow online writers.

FBN currently has almost 1400 blogger members and continue to expand as it provides a venue for Pinoy bloggers to interact with other members from different part of the Philippines. Moderating the discussions and posting opportunities from different brands for the group are co-admins Divine RC and Richard Mamuyac.

This year’s celebration was supported by the following generous sponsors:

Aluform PreFab Construction and Consultancy - Makers of office buildings and technoparks. The company also supplies the materials for the homes but would-be owners can engage their own contractors if preferred. They can also avail of Aluform’s services for the house construction. For more information and dealership inquiries, call (0917) 828-8189 and (0917) 891-1088. Or email modular.creation@gmail.com

AMPR Publicity and Communications, Inc. (AMPR) - One of the country’s leading public relations agencies. AMPR is a full service public relations and marketing services company that caters to various industries and companies of diverse sizes. AMPR is also engaged in related services such as event planning and management, news and events monitoring from media and non-media sources, conceptualization and development of creative materials and brand marketing review for clients in need of end-to-end development of communication plans. For more about AMPR Publicity and Communications, Inc.’s expertise and services, like them on Facebook at www.facebook.com/AMPRInc or contact them through (02) 706-1971 and ampr.consultancy@gmail.com.

Get Med app – Published by UNA IT Mobile Solutions Philippines Inc. GetMed is your first stop for leading a healthy lifestyle. Get the latest health tips, news stories, diets, health horoscopes and more via this FREE app. Stories and articles come from reputable sources around the world to ensure you are getting the best advice in leading a healthier life. GetMed also allows you to enhance your experience when you need to search for a Doctor, Visit your Doctor or look for your local hospital. With more doctors registering daily, you will be able to book your appointment with registered doctors with the simply click of a button. The app is available in Google Play and App Store.

Dominguez Marketing Communications, Inc. - One of the Philippines leading and most respected public relations and marketing organizations. Established in July 1995 and fully incorporated in January 1997, the company has become more than a Public Relations Company as it prefer to call themselves an Integrated Marketing Communications Company. Contact them through tel. no. (02) 897708, email pr@dominguezmarketing.net or visit their website www.dominguezmarketing.net.

Comm&Sense - One of the first marketing communications agency in the country to offer inbound marketing solutions. At the core of Comm&Sense’s strategy is Content Marketing. Content Marketing fullfils the goal of finding your customers, without annoying them. This is accomplished by strategically and consistently feeding them with content that they want.  More info at www.commsenseinc.com. You can contact them via email makemerelevant@commsenseinc.com or tel. no. (02) 893-5274.

True Blends the Strip - Hailed as one of the most popular cafes in Ortigas by Zomato Food Guide and published by Yahoo! Philippines.  True Blends’ hearty and healthy drinks makes use of the finest quality tea leaves and coffee beans. True Blends also offers All-day Breakfast Meals, Combo Meals, Tidbits such as Mojos and Chicken Chops, Sandwiches and Sausages at a student friendly price.  True Blends is located along Ortigas Avenue just between Mercury Drug Store and 7-11 at Medical City Pasig.  You can also call for delivery at (02) 697-7977.  And, they also offer flexible and affordable milk tea booth packages for event.

Sugarleaf - Foods that Nourish and Healthy Choices. The company advocates healthy living through organic foods and natural health.  Their mantra s “Let Food be your medicine!” For more info, contact Mr. Angelo Narciso Songso via email angelo@sugraleafph.com, tel. no. (02) 385-0387 or visit their website www.sugarleafph.com

Unilab - The biggest pharmaceutical company in the Philippines.  The company has a market share of some 20 percent which it has consistently maintained for more than three decades.  Its portfolio includes some of the biggest prescription and consumer healthcare brands in the country. To know more about the company, visit www.unilab.com.ph.

Lightwater - Water is the purest and most natural beverage in the world. The brand’s goal was to create a beverage which is both pure and also functional to meet everyone’s    needs. So they added more function to water to make it better. they added vital electrolytes which will hydrate and keep body systems running smoothly. For more info about lightwater, please contact: Suncoast Brands International Corporation via info@suncoastbrands.com or visit www.drinklightwater.com and www.drinkthyvitamins.com for their Vitamin Boost brand.

GeiserMaclang Marketing Communications Inc. (GMCI) - Transformative values-based marketing campaigns designed to influence perception and change beliefs. The company is known for innovation and strategic marketing in the communications industry. Our services include strategy, branding, digital, crisis and issues management, integrated marketing and events, among others. Contact them through tel. no. (02) 856-4624, email info@geisermaclangnetwork.com or visit www.geisermaclang.com.

Lamoiyan Corporation - The first Filipino Company to succeed in penetrating the local toothpaste industy, long dominated by mutinationals. With Hapee, their own brand of toothpaste since their formal inauguration in March 1988,  the company was able to maintain a consistent quality standard that was patronized and love by the Filipinos nationwide. Lamoiyan also provides a variety of quality products for oral care, household and personal care at an affordable cost. Some of our brands includes Hapee, Kutitap and Gumtect toothpastes. Dazz dishwashing paste/liquid, and Licealiz for lice infestations. To know more about them, visit www.lamoiyan.com.

Breville - An iconic Australian and global brand. Design and innovation have underpinned this success. From the Snack'n'Sandwich maker in 1974, to the wide feed tube Juice Fountain™ in 1999, and the Professional 800 Collection of today, Breville has provided inspiration to generations of customers.

Though Breville's roots are in Australia, Breville-designed products are now sold in more than 30 countries around the world, including the United States. Like a true Australian however, Breville has remained grounded, despite its global success. Breville is proof that some companies still listen to customers. Visit www.breville.com.ph to know more about their products.

Mondelez International  - One big company. The company believes that above all, in one thing – something that’s unique to their organization – and that’s the power of Big and small. They have the scale and resources of a global powerhouse. But also the speed, creativity and agility of a fresh new start-up. Oreo and Tang are just two of their popular products. Visit http://ph.mondelezinternational.com to know more about them.

Sweet Treats by Aci Girl – Yummy goodies for all occasions. Looking gift ideas this holiday season? How about delicious baked products from blogger baker? Contact Aci Girl though SMS/Viber (09287741731), Facebook page:  https://www.facebook.com/pages/SWEET-TREATS-by-ACI_GIRL or Instagram: http://www.instagram.com/sweetaci.

With the overflowing support that FBN receives this year from different partner brands and members of the group this year, bigger and better opportunities and events are coming soon in the horizon.