Philippine Asian News Today Vol 19 No 11 | Page 13

June 1 - 15, 2017
PHILIPPINE ASIAN NEWS TODAY
13
Canada is turning 150: Celebrate
with a trip to a bank near you
PNT Foreign Exchange
$1.00 Cdn = P37.41 Php
$1.00 US = P 49.59
€1.00 EUR = P 55.56
₤1.00 GBP = P 63.09
D1.00 BHD= P 131.23
R1.00 SAR = P 13.22
¥1.00 JPY= P 0.45
The Canada 150 com-
memorative bank note is
now making its way to a
financial institution near
you.
On 1 July, Canada will
celebrate 150 years of Con-
federation, and the Bank
of Canada is marking this
milestone with a special
$10 bank note. It came into
circulation officially on 1
June, and you can get one
simply by visiting your local
financial institution. Most
branches will have a supply
of notes to distribute over
the counter for a period
of time. The Bank will is-
sue a total of 40 million of
these notes and has worked
with financial institutions to
make them available to Ca-
nadians across the country.
The commemorative
note will circulate along-
side the current $10 note
in the Polymer series. The
existing note will continue
to represent the majority of
$10 notes in circulation for
the life of the current series.
It celebrates Confedera-
tion with a unique design
depicting our history, land
and culture. The front of
the note features Sir John
A. Macdonald, Sir George-
Étienne Cartier, Agnes
Macphail and James Glad-
stone—four parliamentar-
ians who played significant
roles in Canada’s history.
The back of the note pres-
ents five landscapes from
different regions across the
country: the West Coast,
the Prairie provinces, Cen-
tral Canada, the Atlantic
provinces and the North.
While this note was in-
tended to commemorate
Canada’s 150th anniversa-
ry, it was also designed with
security in mind. The Cana-
da 150 note has a number
of security features—some
new and others similar to
the features on the current
series of polymer notes.
One new feature on the
front of the note is a bright-
ly coloured arch that repre-
sents an arch located inside
the Memorial Chamber of
the Peace Tower on Parlia-
ment Hill. When you tilt the
note, the checkered pattern
in the arch moves up and
down and shifts from green
to blue.
Also on the front of the
MWSS has 50-year water supply
The Metropolitan Wa-
terworks and Sewerage
System (MWSS) said the
current administration will
start construction during its
term  dams that can supply
more than 2,000 million li-
ters of water per day (MLD)
to assure sufficient water
for the next 50 years.
Reynaldo Velasco, the
regulatory body’s admin-
istrator, said  Angat Dam,
the main source of water in
Metro Manila, will not expe-
rience any problem as long
as the country will not ex-
perience extreme weather
conditions.“
Based on projections of
our two water concession-
aires, when the worst situ-
ation comes, our problem
is about 120 to 150 MLD
(shortfall). We are already
doing a remedy on that,”
Velasco told reporters at the
launch of the MWSS’  An-
nual Million Tree Challenge
in Quezon City
He cited the construc-
tion soon of Sumag Dam
which will produce about
185 MLD which would ad-
dress that shortfall for six  to
10 years.
“It will be more than
enough to  go another five
to 10 years. Right now, what
is in the mill is the Kaliwa
Dam which is another 600
MLD,” he said, adding that
the project, originally set as
public-private partnership,
is now for  official develop-
ment assistance funding.
“Papers are now with
NEDA (National Economic
Development
Authority),
waiting for endorsement
of DOF (Department of
Finance). In the mean-
time, we are preparing the
papers for bidding so that
when  the funding comes,
we are ready for the bid-
ding. Hopefully, bidding will
be this year and construc-
tion, next year. It usually
takes five years to build a
dam. If we complete Kaliwa,
that will already assure the
water supply for the next 20
years,” Velasco said.
Another project is the
Kanan Dam also in Quezon
which is eyed to provide
300 MLD aside from gen-
erating 400 megawatts of
hydropower.
“We are also conduct-
ing a feasibility study to put
an inter