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Business

Had any green marks lately?

NOT BUSINESS AS USUAL - Margaret Jao-Grey  -
Money trivia 1: The P500 is the country's most popular paper denomination. Fact is, the Bangko Sentral prints this denomination the whole year round (unlike the other currencies, which have set runs).

Here's the reason. The P500 is the banking system's denomination of choice for its ATMs.
* * *
Money trivia 2: The more colorful the paper denomination, the newer the issue.

For example, the newest kid in the block is the P200, which uses 20 different kinds of ink. Compare this with older denominations such as the P20, which is almost monochromatic.

Although there are eight denominations currently being circulated in the market, only six are still being printed by the Bangko Sentral. Although still legal tender, there are no more newly printed P5 and P10 paper bills. In their place are coins.
* * *
Former Manila Chronicle editor Vergel Santos has signed up as editorial consultant and de facto editor-in-chief of Business World Publishing Corp., Business World publisher/editor Raul Locsin died last Saturday.

Mr. Santos will report for work daily at Business World starting next week, leaving him with less time for his tennis and his regional editing/communications clinics, which are, of course, denominated in dollars.
* * *
At Ayala Land Inc., it's easy to tell when any document has passed through marketing head Tristan de la Rosa. Just follow the green marks. Even his signature is done in green – using a fountain pen, of course.

No, Mr. De la Rosa is not a La Sallite. But coming from the brand marketing group of Procter & Gamble and of General Foods, he does believe in brand differentiation.
* * *
Bank notes 1: That Pasta a la Lorenzo served at the Pagliacci restaurant at The Podium is the recipe of Philippine National Bank president and chief executive officer Lorenzo Tan.

In exchange, the restaurant's Italian owner promised to help plan Mr. Tan's tour of Italy behind – what else – a Ferrari. (The car, not the place, is one of Mr. Tan's still-to-be-fulfilled dreams).

As everybody knows, the Ferrari plant is also the hometown of tenor, Luciano Pavarroti.

Mr. Tan planned this grand vacation last year but has yet to take it.

You see, he resigned as president of United Coconut Planters Bank on a Tuesday and he was offered and accepted the job at PNB that same Saturday.
* * *
Bank notes 2: It looks like Philippine Health Insurance Corp. is going to buy that two-hectare or so property of the Bangko Sentral across the Social Security System.

That empty lot is adjacent to the one hectare parking lot of the Bangko Sentral Security Printing complex, which is not for sale.

AT AYALA LAND INC

BANGKO SENTRAL

BANGKO SENTRAL SECURITY PRINTING

BUSINESS WORLD

BUSINESS WORLD PUBLISHING CORP

CENTER

FERRARI

GAMBLE AND OF GENERAL FOODS

MR. TAN

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