April 16 - 30 , 2017 PHILIPPINE ASIAN NEWS TODAY BUSINESS NEWS 13
The Many Faces and Places on the Canada 150 Commemorative Note
It ’ s not easy representing 150 years of Confederation on a single bank note . But the Bank of Canada ’ s new commemorative note does just that with a story about our history , land and culture .
This new $ 10 note , celebrating the 150th anniversary of Confederation , was unveiled on 7 April and it will hit the streets starting 1 June .
For the first time , portraits of four public figures are featured on the front of a Bank of Canada note . Sir John A . Macdonald , Sir George-Étienne Cartier , Agnes Macphail and James Gladstone are four parliamentarians who played significant roles in our history . Since some Canadians may not be familiar with these individuals , let ’ s learn a bit more about them .
Sir John A . Macdonald likely doesn ’ t need much of an introduction . He was Canada ’ s first prime minister and one of the Fathers of
SM Investments Corp . on Wednesday announced key organizational changes to support the conglomerate ’ s next phase of growth , as retail tycoon Henry Sy Sr . steps down as chairman of the board .
SMIC said in a statement its board conferred upon Henry Sy Sr . the role of chairman emeritus , in recognition of his role as the founder of SMIC and all its core businesses .
The board then approved the appointment of Jose Sio as the new chairman of the board and Frederic DyBuncio as president .
DyBuncio will replace Harley Sy who will remain as executive director of the board .
“ These changes affirm the continuing role of
Confederation , under whose leadership and vision the Dominion of Canada formed , grew and expanded until it stretched from sea to sea to sea .
Sir George-Étienne Cartier , also one of the Fathers of Confederation , was a principal architect of Canadian federalism and a proponent of Confederation as a means of safeguarding French Canada and other minorities .
Agnes Macphail was a champion of equality and human rights who , in 1921 , became the first woman elected to the House of Commons in Canada .
James Gladstone , or Akay-na-muka ( his Blackfoot name ), committed himself to the betterment of Indigenous peoples in Canada and , in 1958 , became Canada ’ s first senator of First Nations origin .
Together , these four remind us that the Canada of today was shaped by people of different backgrounds , who , through their vision , courage and effort , created a better country .
The back of the note emphasizes Canada ’ s natural landscapes — the rugged splendour of a land as diverse as its people . Five landscapes represent different regions of the country : the West Coast , the Prairie provinces , Central Canada , the Atlantic provinces and the North .
Beginning 1 June , 40 million commemorative bank notes will be distributed through Canada ’ s financial institutions . The commemorative note will circulate alongside the current $ 10 note but will not replace it . The existing $ 10 note will continue to represent the majority of $ 10 notes in circulation for the life of the Polymer series .
Visit www . b a n k o f c a n a d a . c a / banknote150 to learn more about the design and security features of the
WWW . PHILIPPINEASIANNEWSTODAY . COM
PNT Foreign Exchange $ 1.00 Cdn = P36.55 Php $ 1.00 US = P 49.78 € 1.00 EUR = P 54.29 ₤ 1.00 GBP = P 63.95 D1.00 BHD = P 132.05 R1.00 SAR = P 13.27 ¥ 1.00 JPY = P 0.45
commemorative note . Follow the Bank on Twitter (@ bankofcanada ) for the latest news as we prepare to issue
Henry Sy steps down as chairman of SMIC
professionals in executing the larger vision of SM while further strengthening the group ’ s good governance and sustainability practices ,” SMIC said .
DyBuncio said in a news briefing following the company ’ s annual stockholders the conglomerate would continue to focus on core businesses of banking , property and retail .
He said the group would also continue to look for investment opportunities that could complement existing businesses .
Sio said the new appointments in the conglomerate signified the Sy family ’ s plan to professionalize the management in preparation for the future .
“ We are preparing the third generation of the Sy family . As you know the third generation are immersed within the SM group and we are preparing them to take their leadership position in the near future ,” Sio said .
Sio has been SMIC ’ s chief finance officer for 26 years and was instrumental in supporting the phenomenal growth of the conglomerate and its subsidiaries .
He instilled strict financial discipline across all businesses that later helped the company achieve optimal results even as the whole group maintained a sound and stable financial position .
DyBuncio joined SM Investments in 2011 as senior vice president and eventually as executive vice president handling the company ’ s portfolio investments . This portfolio has since grown
to include Belle Corp ., Atlas Mining , the Net Buildings , CityMalls , MyTown and most recently 2Go .
DyBuncio brings with him a wealth of experience in banking where he spent over 20 years with JP Morgan Chase and its predecessor companies .
Meanwhile , the SMIC board also approved the election of former University this special note marking the 150th anniversary of Confederation .
of the Philippines president Alfredo Pascual as independent director replacing Ah Doo Lim who joined the board in 2008 and served the full term as an independent director .
SM Investments said net income rose eight percent in 2016 to P31.2 billion , as revenues climbed 9 percent to P362.8 billion . ( j . B . Austria , MT )