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Showing posts with label BSP. Show all posts
Showing posts with label BSP. Show all posts

Thursday, October 08, 2020

Requirements para sa National ID System, Alamin!




MANILA — FIVE million low-income households. Yan ang target ng Philippine Statistics Office o PSA na ma-rehistro para sa National ID System ng bansa kung saan magsisimula na sa Oktubre 12 ang mass pre-registration nito.

Kaugnay nito, ininspeksyiyon na ni Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno ang mga makinang gagamitin para sa pag-imprenta ng Philippine Identification System (PhilSys) card o national ID card.

Ang BSP ang naatasang mag-imprenta ng nasabing mga ID cards.

Pictures: Ilan sa mga machines na gagamitin sa National ID Printing!



Ayon kay Diokno, na sa pamamagitan ng national ID, magiging madali para sa mga Pinoy na makapag-bukas ng account sa mga bangko at iba pang bank transactions. Makakatulong din umano ito upang mapabilis ang distribution ng mga welfare grants sa mga tao.


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Buwan ng Hulyo unang itinakda ang mass registration ngunit ilang beses na iniurong dahil na rin sa novel coronavirus disease (COVID-19) pandemic.

Sa pag-arangkada ng mass registration, 32 mga probinsiya na may mababang Covid-19 cases ang mauuna na kinabibilangan ng mga sumusuod;
  • Ilocos Sur
  • La Union
  • Pangasinan
  • Cagayan
  • Isabela
  • Bataan
  • Bulacan
  • Nueva Ecija
  • Pampanga
  • Tarlac
  • Zambales
  • Batangas
  • Cavite
  • Rizal
  • Laguna
  • Quezon
  • Albay
  • Camarines Sur
  • Masbate
  • Antique
  • Capiz
  • Iloilo
  • Negros Occidental
  • Bohol
  • Cebu
  • Negros Oriental
  • Leyte
  • Compostela Valley
  • Davao del Norte
  • Davao del Sur
  • Davao Occidental
  • Tawi-Tawi
Bahagi ng registration process ang pag house-to-house sa mga napiling pre-registrant upang makuha ang kanilang impormasyon at bibigyan din ang mga ito ng schedule para sa kanilag pagbisita sa registration center para sa biometrics at pag-fill up ng forms.
Magsisimula naman umano ito sa Nobyembre 25.


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Nilinaw naman ni PSA Assistant Secretary Rosalinda Bautista na boluntaryo lamang ang registration ngunit ina-anyayahan ang lahat na mga Filipino na sumailalim sa proseso dahil mapapadali ng national ID ang pagbibigay ng government services at assistance lalo na sa mga mahihirap na pamilya.

“Sa batas po natin, lahat po ng Pilipino at resident aliens natin dito sa Pilipinas, pati po ang Pilipino na nasa abroad, ay puwedeng mag-apply para sa national ID pero voluntary. Voluntary po kasi ito,” pahayag ni Bautista.

“Pero ini-encourage po namin ang pag-apply at pagkuha ng national ID…Dadating po tayo doon sa time na lahat ng transaksyon sa government ay hihingian na po ng national ID ang isang tao,” dagdag pa ng opisyal.


Samantala, narito ang mga requirement para sa national ID registration, alinman sa mga sumusunod;
  • Certificate of Live Birth na inisyu ng PSA at government-issued identification documents o goverment IDs kung saan makikita ang full name, front-facing photograph, at pirma o thumb mark.
  • Philippine Passport na inisyu Department of Foreign Affairs
  • Unified Multi-Purpose Identification (UMID) Card na inisyu ng Government Service Insurance System (GSIS) o Social Security System (SSS)
  • Valid LTO-issued  Student’s License Permit o Non-Professional/Professional Driver’s License
Target ng pamahalaan na maka-rehistro ng nasa 40 million Filipinos sa susunod na taon habang dagdag na 42 million naman bago ang 2022.


©2020 THOUGHTSKOTO
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Tuesday, August 21, 2018

OFW Families Suffer Difficulty In Budgeting Due To Price Hike

What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers  (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc.
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.

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Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. 
Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses.
The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve.
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The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP.
From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year.
The government said headline inflation rate went up to 4.6 % in May as compared to 2.9%  last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018.
Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized.

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While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
This is filed under work abroad, overseas Filipino workers, remittances,  bills, mortgages, basic commodities, transport fares, school supplies, BSP, OFW
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What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
©2018 THOUGHTSKOTO
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Thursday, December 07, 2017

"Singkwenty": How To Avoid being Victimized By Fake Peso Bills


Fake bills are everywhere and it is spawning as the holiday season approaches. Some people are starting their holiday shopping to avoid the rush. Never forget to be vigilant and street wise not to be victimized by people who are spreading fake peso bills. BSP currency integrity staff deputy director Grace Malic said that small denomination bills are usually tampered since they are less likely to be checked individually. Sponsored Links Ageygey Hadjiphanis went on a shopping in Divisoria and thats where she got the fake bill. She was too tired to realize the 2's on the bill had been altered and replaced with 5's. Making the twenty peso bill look like a fifty peso bill. The Bangko Sentral ng Pilipinas released guidelines to identify fake bank notes summarizing it into three words: "Look, feel and tilt". To know if the bills you have is genuine, you should check for these things: 1. Embossed prints: The embossed or raised print nature of the ink deposition combined with the quality of cotton-based paper gives the traditional banknote a unique tactile effect that makes it the first and the most important line of defense against counterfeiting. This can be felt over the words “REPUBLIKA NG PILIPINAS,” denominational value in text, signatures, and value panels particularly, the one located at the lower right corner of the obverse. 2. Asymmetric Serial Number: Alphanumeric characters at the lower left and upper right corners of the note bearing one or two prefix letters and six to seven digits, with font increasing in size and thickness. 3. Security Fibers: Visible red and blue fibers embedded on the paper and randomly scattered on the face and back of the note. 4. Watermark: Shadow image of the portrait with the highlighted denominational value that is particularly seen against the light from either side of the blank space on the note. 5. See-Through Mark: The pre-Hispanic script (Baybayin) at the lower right corner of the face of the note slightly above the value panel. This is seen in complete form only when the note is viewed against the light. This script means “PILIPINO.” 6. Concealed Value: The denominational value superimposed at the smaller version portrait at the upper left portion of the note. This becomes clearly visible when the note is rotated 45 degrees and slightly tilted. 7. Security Thread (Embedded or Windowed): Embedded thread that runs vertically across the width of 20- and 50- piso notes when viewed against the light. Also, the stitch-like metallic thread on the 100-, 200-, 500- and 1000-piso notes which changes color from red to green and bears the cleartext of “BSP” and the denominational value on the obverse and “BSP” on the reverse, both in repeated series. 8. Optically Variable Device (OVD) Patch: Found only in 500- and 1000-piso notes, this patch is a reflective foil, bearing the image of the Blue-naped parrot for 500-piso/clam with South Sea pearl for 1000-piso, changes color from red to green when the note is rotated 90 degrees. 9. Optically Variable Ink (OVI): Found only in the 1000-piso note, this embossed denominational value at the lower right corner of the face of the note changes color from green to blue when viewed at different angles. If the bill you are holding did not meet the characteristics of the genuine peso bill, do not accept it. Always be vigilant and take time to look, feel and tilt because no matter how small it is, you worked hard to earn it. Advertisement Read More: ©2017 THOUGHTSKOTO

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Fake bills are everywhere and it is spawning as the holiday season approaches. Some people are starting their holiday shopping  to avoid the rush. Never forget to be vigilant and street wise not to be victimized by people who are spreading fake peso bills.

BSP currency integrity staff deputy director Grace Malic said that small denomination bills are usually tampered since they are less likely to be checked individually.
Fake bills are everywhere and it is spawning as the holiday season approaches. Some people are starting their holiday shopping to avoid the rush. Never forget to be vigilant and street wise not to be victimized by people who are spreading fake peso bills. BSP currency integrity staff deputy director Grace Malic said that small denomination bills are usually tampered since they are less likely to be checked individually. Sponsored Links Ageygey Hadjiphanis went on a shopping in Divisoria and thats where she got the fake bill. She was too tired to realize the 2's on the bill had been altered and replaced with 5's. Making the twenty peso bill look like a fifty peso bill. The Bangko Sentral ng Pilipinas released guidelines to identify fake bank notes summarizing it into three words: "Look, feel and tilt". To know if the bills you have is genuine, you should check for these things: 1. Embossed prints: The embossed or raised print nature of the ink deposition combined with the quality of cotton-based paper gives the traditional banknote a unique tactile effect that makes it the first and the most important line of defense against counterfeiting. This can be felt over the words “REPUBLIKA NG PILIPINAS,” denominational value in text, signatures, and value panels particularly, the one located at the lower right corner of the obverse. 2. Asymmetric Serial Number: Alphanumeric characters at the lower left and upper right corners of the note bearing one or two prefix letters and six to seven digits, with font increasing in size and thickness. 3. Security Fibers: Visible red and blue fibers embedded on the paper and randomly scattered on the face and back of the note. 4. Watermark: Shadow image of the portrait with the highlighted denominational value that is particularly seen against the light from either side of the blank space on the note. 5. See-Through Mark: The pre-Hispanic script (Baybayin) at the lower right corner of the face of the note slightly above the value panel. This is seen in complete form only when the note is viewed against the light. This script means “PILIPINO.” 6. Concealed Value: The denominational value superimposed at the smaller version portrait at the upper left portion of the note. This becomes clearly visible when the note is rotated 45 degrees and slightly tilted. 7. Security Thread (Embedded or Windowed): Embedded thread that runs vertically across the width of 20- and 50- piso notes when viewed against the light. Also, the stitch-like metallic thread on the 100-, 200-, 500- and 1000-piso notes which changes color from red to green and bears the cleartext of “BSP” and the denominational value on the obverse and “BSP” on the reverse, both in repeated series. 8. Optically Variable Device (OVD) Patch: Found only in 500- and 1000-piso notes, this patch is a reflective foil, bearing the image of the Blue-naped parrot for 500-piso/clam with South Sea pearl for 1000-piso, changes color from red to green when the note is rotated 90 degrees. 9. Optically Variable Ink (OVI): Found only in the 1000-piso note, this embossed denominational value at the lower right corner of the face of the note changes color from green to blue when viewed at different angles. If the bill you are holding did not meet the characteristics of the genuine peso bill, do not accept it. Always be vigilant and take time to look, feel and tilt because no matter how small it is, you worked hard to earn it. Advertisement Read More: ©2017 THOUGHTSKOTO

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Ageygey Hadjiphanis went on a shopping in a mall located at  Divisoria, Manila to buy items for her business and that's where she got the fake bill.
She was too tired to realize the 2's on the bill had been altered and replaced with 5's. Making the twenty peso bill look like a fifty peso bill, hence, the term "singkwenty".
Fake bills are everywhere and it is spawning as the holiday season approaches. Some people are starting their holiday shopping to avoid the rush. Never forget to be vigilant and street wise not to be victimized by people who are spreading fake peso bills. BSP currency integrity staff deputy director Grace Malic said that small denomination bills are usually tampered since they are less likely to be checked individually. Sponsored Links Ageygey Hadjiphanis went on a shopping in Divisoria and thats where she got the fake bill. She was too tired to realize the 2's on the bill had been altered and replaced with 5's. Making the twenty peso bill look like a fifty peso bill. The Bangko Sentral ng Pilipinas released guidelines to identify fake bank notes summarizing it into three words: "Look, feel and tilt". To know if the bills you have is genuine, you should check for these things: 1. Embossed prints: The embossed or raised print nature of the ink deposition combined with the quality of cotton-based paper gives the traditional banknote a unique tactile effect that makes it the first and the most important line of defense against counterfeiting. This can be felt over the words “REPUBLIKA NG PILIPINAS,” denominational value in text, signatures, and value panels particularly, the one located at the lower right corner of the obverse. 2. Asymmetric Serial Number: Alphanumeric characters at the lower left and upper right corners of the note bearing one or two prefix letters and six to seven digits, with font increasing in size and thickness. 3. Security Fibers: Visible red and blue fibers embedded on the paper and randomly scattered on the face and back of the note. 4. Watermark: Shadow image of the portrait with the highlighted denominational value that is particularly seen against the light from either side of the blank space on the note. 5. See-Through Mark: The pre-Hispanic script (Baybayin) at the lower right corner of the face of the note slightly above the value panel. This is seen in complete form only when the note is viewed against the light. This script means “PILIPINO.” 6. Concealed Value: The denominational value superimposed at the smaller version portrait at the upper left portion of the note. This becomes clearly visible when the note is rotated 45 degrees and slightly tilted. 7. Security Thread (Embedded or Windowed): Embedded thread that runs vertically across the width of 20- and 50- piso notes when viewed against the light. Also, the stitch-like metallic thread on the 100-, 200-, 500- and 1000-piso notes which changes color from red to green and bears the cleartext of “BSP” and the denominational value on the obverse and “BSP” on the reverse, both in repeated series. 8. Optically Variable Device (OVD) Patch: Found only in 500- and 1000-piso notes, this patch is a reflective foil, bearing the image of the Blue-naped parrot for 500-piso/clam with South Sea pearl for 1000-piso, changes color from red to green when the note is rotated 90 degrees. 9. Optically Variable Ink (OVI): Found only in the 1000-piso note, this embossed denominational value at the lower right corner of the face of the note changes color from green to blue when viewed at different angles. If the bill you are holding did not meet the characteristics of the genuine peso bill, do not accept it. Always be vigilant and take time to look, feel and tilt because no matter how small it is, you worked hard to earn it. Advertisement Read More: ©2017 THOUGHTSKOTO
The Bangko Sentral ng Pilipinas released guidelines to identify fake bank notes summarizing it into three words: 
"Look, feel and tilt".

 To know if the bills you have is genuine, you should check for these things: 
1. Embossed prints: The embossed or raised print nature of the ink deposition combined with the quality of cotton-based paper gives the traditional banknote a unique tactile effect that makes it the first and the most important line of defense against counterfeiting. This can be felt over the words “REPUBLIKA NG PILIPINAS,” denominational value in text, signatures, and value panels particularly, the one located at the lower right corner of the obverse. 
2. Asymmetric Serial Number: Alphanumeric characters at the lower left and upper right corners of the note bearing one or two prefix letters and six to seven digits, with font increasing in size and thickness. 
3. Security Fibers: Visible red and blue fibers embedded on the paper and randomly scattered on the face and back of the note. 

 4. Watermark: Shadow image of the portrait with the highlighted denominational value that is particularly seen against the light from either side of the blank space on the note. 

 5. See-Through Mark: The pre-Hispanic script (Baybayin) at the lower right corner of the face of the note slightly above the value panel. This is seen in complete form only when the note is viewed against the light. This script means “PILIPINO.”

  6. Concealed Value: The denominational value superimposed at the smaller version portrait at the upper left portion of the note. This becomes clearly visible when the note is rotated 45 degrees and slightly tilted. 

 7. Security Thread (Embedded or Windowed): Embedded thread that runs vertically across the width of 20- and 50- piso notes when viewed against the light. Also, the stitch-like metallic thread on the 100-, 200-, 500- and 1000-piso notes which changes color from red to green and bears the cleartext of “BSP” and the denominational value on the obverse and “BSP” on the reverse, both in repeated series.
 8. Optically Variable Device (OVD) Patch: Found only in 500- and 1000-piso notes, this patch is a reflective foil, bearing the image of the Blue-naped parrot for 500-piso/clam with South Sea pearl for 1000-piso, changes color from red to green when the note is rotated 90 degrees. 

 9. Optically Variable Ink (OVI): Found only in the 1000-piso note, this embossed denominational value at the lower right corner of the face of the note changes color from green to blue when viewed at different angles. 

 If the bill you are holding did not meet the characteristics of the genuine peso bill, do not accept it. Always be vigilant and take time to look, feel and tilt because no matter how small it is, you worked hard to earn it.
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©2017 THOUGHTSKOTO


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Wednesday, September 27, 2017

Working in Qatar and Not Getting Your Salary On Time? Here's What You Can Do


The Philippine Embassy in Qatar has issued an advisory regarding the Bangko Sentral ng Pilipinas (BSP) clarification on exchanging Qatari Riyal to Philippine Peso. Reports of difficulty issues in exchanging the Qatari currency in the Philippines both from Qatari Tourists and OFWs who are based on Qatar bringing the currency home as many local banks and money changers and foreign exchange dealers refuse such transactions. However, the BSP clarifies that it has not issued any policy prohibiting the exchange of QAR for PHP through banks, money changers (MCs) and foreign exchange (FX) dealers. The BSP also clarified that acceptance of the QAR (or any other foreign currency) has always been a business decision of banks, MCs and FX dealers. It means that the OFWs who wish to bring the currency home are welcome to do it as long as they know a local bank or money changers who do such transactions. The best way is to coordinate with their family and friends before bringing the currency home. {INSERT 2-3 PARAGRAPHS OR 3 IMAGES HERE} The Ministry of Administrative Development, Labour and Social Affairs (MADLSA) has put a new ruling that employees will have the right to switch jobs without getting a No-Objection Certificate (NOC) from their employers if the company fails to pay their monthly salaries within seven days of the due date. According to an official from the MADLSA, a decision to this effect has been taken at the ministerial level and it will be implemented soon. The official stated that the government wants all companies operating in the country to pay monthly salaries to their employees on time or in certain cases within seven days from the due date. If they fail to do so, employees of such companies will have the right to change jobs even if they have not completed the contract period, as reported by the Qatar Tribune. He noted that few companies in Qatar are yet to adopt the Wage Protection System (WPS), adding that the government is taking action to identify those companies. Many cases have come to light where abusive employers were found to be indulging in the illegal practice of not paying their employees. The issue has brought a lot of negative attention to Qatar, many international news outlets dubbed Qatar as a destination of modern-day slavery. Due to the acts of a few abusive and exploitative employers Qatar’s image when it comes to protecting workers’ rights has been left with a black spot. Sponsored Links According to Article 65 of the ‘current labour law’: The Worker shall be entitled to the wages specified in the service contract and if the contract does not specify the wage the worker shall be entitled to the wage specified in the work regulations. If the wage is not specified in accordance with the preceding paragraph the worker shall be entitled to a wage equivalent to the wage specified for work of a similar type in the establishment and otherwise in accordance with the custom applicable to the profession in the place of performance of the work and if there is no such custom the judge shall specify the wage in accordance with the requirements of justice. This means that every worker is entitled to wages in return for his or her work, if an employer refuses to pay the wages, he or she is doing so in absolute contravention of the law. Furthermore Article 70 of the labour law states: Any part of the wage to which the worker is entitled may not be attached and the payment thereof may not be withheld except for the execution of a judicial decision. In case of attachment in execution of a judgment the Sharia alimony debt shall have priority over all other debts and the total of the sums attached shall not exceed 35% of the wage of the indebted worker. The employer may not charge any interest on the loan he may grant to the worker and shall not deduct more than 10% from the wage of the worker in settlement of the loan. The total of the sums to be deducted from the wage of the worker in settlement of the deductibles and debts due from him shall not exceed 50% of his aggregate wage. If the percentage which shall be deducted from the wage of the worker within one month exceeds this percentage the deduction of the excess percentage shall be deferred to the following month or months. This clearly proves that withholding wages or salaries of employees for reasons other than allowed by the law is illegal and a violation of the employee’s rights. Source: Qatar Day Advertisement READ MORE: ©2017 THOUGHTSKOTO
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The Philippine Embassy in Qatar has issued an advisory regarding the Bangko Sentral ng Pilipinas (BSP) clarification on exchanging Qatari Riyal to Philippine Peso. Reports of difficulty issues in exchanging the Qatari currency in the Philippines both from Qatari Tourists and OFWs who are based on Qatar bringing the currency home as many local banks and money changers and foreign exchange dealers refuse such transactions. However, the BSP clarifies that it has not issued any policy prohibiting the exchange of QAR for PHP through banks, money changers (MCs) and foreign exchange (FX) dealers. The BSP also clarified that acceptance of the QAR (or any other foreign currency) has always been a business decision of banks, MCs and FX dealers. It means that the OFWs who wish to bring the currency home are welcome to do it as long as they know a local bank or money changers who do such transactions. The best way is to coordinate with their family and friends before bringing the currency home. {INSERT 2-3 PARAGRAPHS OR 3 IMAGES HERE} The Ministry of Administrative Development, Labour and Social Affairs (MADLSA) has put a new ruling that employees will have the right to switch jobs without getting a No-Objection Certificate (NOC) from their employers if the company fails to pay their monthly salaries within seven days of the due date. According to an official from the MADLSA, a decision to this effect has been taken at the ministerial level and it will be implemented soon. The official stated that the government wants all companies operating in the country to pay monthly salaries to their employees on time or in certain cases within seven days from the due date. If they fail to do so, employees of such companies will have the right to change jobs even if they have not completed the contract period, as reported by the Qatar Tribune. He noted that few companies in Qatar are yet to adopt the Wage Protection System (WPS), adding that the government is taking action to identify those companies. Many cases have come to light where abusive employers were found to be indulging in the illegal practice of not paying their employees. The issue has brought a lot of negative attention to Qatar, many international news outlets dubbed Qatar as a destination of modern-day slavery. Due to the acts of a few abusive and exploitative employers Qatar’s image when it comes to protecting workers’ rights has been left with a black spot. Sponsored Links According to Article 65 of the ‘current labour law’: The Worker shall be entitled to the wages specified in the service contract and if the contract does not specify the wage the worker shall be entitled to the wage specified in the work regulations. If the wage is not specified in accordance with the preceding paragraph the worker shall be entitled to a wage equivalent to the wage specified for work of a similar type in the establishment and otherwise in accordance with the custom applicable to the profession in the place of performance of the work and if there is no such custom the judge shall specify the wage in accordance with the requirements of justice. This means that every worker is entitled to wages in return for his or her work, if an employer refuses to pay the wages, he or she is doing so in absolute contravention of the law. Furthermore Article 70 of the labour law states: Any part of the wage to which the worker is entitled may not be attached and the payment thereof may not be withheld except for the execution of a judicial decision. In case of attachment in execution of a judgment the Sharia alimony debt shall have priority over all other debts and the total of the sums attached shall not exceed 35% of the wage of the indebted worker. The employer may not charge any interest on the loan he may grant to the worker and shall not deduct more than 10% from the wage of the worker in settlement of the loan. The total of the sums to be deducted from the wage of the worker in settlement of the deductibles and debts due from him shall not exceed 50% of his aggregate wage. If the percentage which shall be deducted from the wage of the worker within one month exceeds this percentage the deduction of the excess percentage shall be deferred to the following month or months. This clearly proves that withholding wages or salaries of employees for reasons other than allowed by the law is illegal and a violation of the employee’s rights. Source: Qatar Day Advertisement READ MORE: ©2017 THOUGHTSKOTO
The Philippine Embassy in Qatar has issued an advisory regarding the Bangko Sentral ng Pilipinas (BSP) clarification on exchanging Qatari Riyal to Philippine Peso. Reports of difficulty issues in exchanging the Qatari currency in the Philippines both from Qatari Tourists and OFWs who are based on Qatar bringing the currency home as many local banks and money changers and foreign exchange dealers refuse such transactions.
However, the BSP clarifies that it has not issued any policy prohibiting the exchange of QAR for PHP through banks, money changers (MCs) and foreign exchange (FX) dealers. 
 The BSP also clarified that acceptance of the QAR (or any other foreign currency) has always been a business decision of banks, MCs and FX dealers.
The Philippine Embassy in Qatar has issued an advisory regarding the Bangko Sentral ng Pilipinas (BSP) clarification on exchanging Qatari Riyal to Philippine Peso. Reports of difficulty issues in exchanging the Qatari currency in the Philippines both from Qatari Tourists and OFWs who are based on Qatar bringing the currency home as many local banks and money changers and foreign exchange dealers refuse such transactions. However, the BSP clarifies that it has not issued any policy prohibiting the exchange of QAR for PHP through banks, money changers (MCs) and foreign exchange (FX) dealers. The BSP also clarified that acceptance of the QAR (or any other foreign currency) has always been a business decision of banks, MCs and FX dealers. It means that the OFWs who wish to bring the currency home are welcome to do it as long as they know a local bank or money changers who do such transactions. The best way is to coordinate with their family and friends before bringing the currency home. {INSERT 2-3 PARAGRAPHS OR 3 IMAGES HERE} The Ministry of Administrative Development, Labour and Social Affairs (MADLSA) has put a new ruling that employees will have the right to switch jobs without getting a No-Objection Certificate (NOC) from their employers if the company fails to pay their monthly salaries within seven days of the due date. According to an official from the MADLSA, a decision to this effect has been taken at the ministerial level and it will be implemented soon. The official stated that the government wants all companies operating in the country to pay monthly salaries to their employees on time or in certain cases within seven days from the due date. If they fail to do so, employees of such companies will have the right to change jobs even if they have not completed the contract period, as reported by the Qatar Tribune. He noted that few companies in Qatar are yet to adopt the Wage Protection System (WPS), adding that the government is taking action to identify those companies. Many cases have come to light where abusive employers were found to be indulging in the illegal practice of not paying their employees. The issue has brought a lot of negative attention to Qatar, many international news outlets dubbed Qatar as a destination of modern-day slavery. Due to the acts of a few abusive and exploitative employers Qatar’s image when it comes to protecting workers’ rights has been left with a black spot. Sponsored Links According to Article 65 of the ‘current labour law’: The Worker shall be entitled to the wages specified in the service contract and if the contract does not specify the wage the worker shall be entitled to the wage specified in the work regulations. If the wage is not specified in accordance with the preceding paragraph the worker shall be entitled to a wage equivalent to the wage specified for work of a similar type in the establishment and otherwise in accordance with the custom applicable to the profession in the place of performance of the work and if there is no such custom the judge shall specify the wage in accordance with the requirements of justice. This means that every worker is entitled to wages in return for his or her work, if an employer refuses to pay the wages, he or she is doing so in absolute contravention of the law. Furthermore Article 70 of the labour law states: Any part of the wage to which the worker is entitled may not be attached and the payment thereof may not be withheld except for the execution of a judicial decision. In case of attachment in execution of a judgment the Sharia alimony debt shall have priority over all other debts and the total of the sums attached shall not exceed 35% of the wage of the indebted worker. The employer may not charge any interest on the loan he may grant to the worker and shall not deduct more than 10% from the wage of the worker in settlement of the loan. The total of the sums to be deducted from the wage of the worker in settlement of the deductibles and debts due from him shall not exceed 50% of his aggregate wage. If the percentage which shall be deducted from the wage of the worker within one month exceeds this percentage the deduction of the excess percentage shall be deferred to the following month or months. This clearly proves that withholding wages or salaries of employees for reasons other than allowed by the law is illegal and a violation of the employee’s rights. Source: Qatar Day Advertisement READ MORE: ©2017 THOUGHTSKOTO
It means that the OFWs who wish to bring the currency home are welcome to do it as long as they know a local bank or money changers who do such transactions. The best way is to coordinate with their family and friends before bringing the currency home. 



 Meanwhile, if any employees working in Qatar has experienced delays on their salaries beyond the allowed period of t days, they can find a new employer immediately without the need of securing a No Objection Certificate (NOC) from their former company or sponsor.

  According to the Ministry of Administrative Development, Labour and Social Affairs (MADLSA) ruling, employees will have the right to switch jobs without getting a No-Objection Certificate (NOC) from their employers if the company fails to pay their monthly salaries within seven days.
According to an official from the MADLSA, this decision has been taken at the ministerial level and will take effect soon.

He noted that few companies in Qatar are yet to adopt the Wage Protection System (WPS), adding that the government is taking action to identify those companies. MADLSA  wanted that the workers will receive their salary on time without even a bit of delay.
Due to the reports that some employers in Qatar are not paying their employees well and on time, it reflects to the reputation of Qatar and they want to accordingly address this issue once and for all.
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The employees in Qatar including thousands of the Overseas Filipino Workers are protected under the Qatar labor law with regards to receiving their salary properly and on time.
The Philippine Embassy in Qatar has issued an advisory regarding the Bangko Sentral ng Pilipinas (BSP) clarification on exchanging Qatari Riyal to Philippine Peso. Reports of difficulty issues in exchanging the Qatari currency in the Philippines both from Qatari Tourists and OFWs who are based on Qatar bringing the currency home as many local banks and money changers and foreign exchange dealers refuse such transactions. However, the BSP clarifies that it has not issued any policy prohibiting the exchange of QAR for PHP through banks, money changers (MCs) and foreign exchange (FX) dealers. The BSP also clarified that acceptance of the QAR (or any other foreign currency) has always been a business decision of banks, MCs and FX dealers. It means that the OFWs who wish to bring the currency home are welcome to do it as long as they know a local bank or money changers who do such transactions. The best way is to coordinate with their family and friends before bringing the currency home. {INSERT 2-3 PARAGRAPHS OR 3 IMAGES HERE} The Ministry of Administrative Development, Labour and Social Affairs (MADLSA) has put a new ruling that employees will have the right to switch jobs without getting a No-Objection Certificate (NOC) from their employers if the company fails to pay their monthly salaries within seven days of the due date. According to an official from the MADLSA, a decision to this effect has been taken at the ministerial level and it will be implemented soon. The official stated that the government wants all companies operating in the country to pay monthly salaries to their employees on time or in certain cases within seven days from the due date. If they fail to do so, employees of such companies will have the right to change jobs even if they have not completed the contract period, as reported by the Qatar Tribune. He noted that few companies in Qatar are yet to adopt the Wage Protection System (WPS), adding that the government is taking action to identify those companies. Many cases have come to light where abusive employers were found to be indulging in the illegal practice of not paying their employees. The issue has brought a lot of negative attention to Qatar, many international news outlets dubbed Qatar as a destination of modern-day slavery. Due to the acts of a few abusive and exploitative employers Qatar’s image when it comes to protecting workers’ rights has been left with a black spot. Sponsored Links According to Article 65 of the ‘current labour law’: The Worker shall be entitled to the wages specified in the service contract and if the contract does not specify the wage the worker shall be entitled to the wage specified in the work regulations. If the wage is not specified in accordance with the preceding paragraph the worker shall be entitled to a wage equivalent to the wage specified for work of a similar type in the establishment and otherwise in accordance with the custom applicable to the profession in the place of performance of the work and if there is no such custom the judge shall specify the wage in accordance with the requirements of justice. This means that every worker is entitled to wages in return for his or her work, if an employer refuses to pay the wages, he or she is doing so in absolute contravention of the law. Furthermore Article 70 of the labour law states: Any part of the wage to which the worker is entitled may not be attached and the payment thereof may not be withheld except for the execution of a judicial decision. In case of attachment in execution of a judgment the Sharia alimony debt shall have priority over all other debts and the total of the sums attached shall not exceed 35% of the wage of the indebted worker. The employer may not charge any interest on the loan he may grant to the worker and shall not deduct more than 10% from the wage of the worker in settlement of the loan. The total of the sums to be deducted from the wage of the worker in settlement of the deductibles and debts due from him shall not exceed 50% of his aggregate wage. If the percentage which shall be deducted from the wage of the worker within one month exceeds this percentage the deduction of the excess percentage shall be deferred to the following month or months. This clearly proves that withholding wages or salaries of employees for reasons other than allowed by the law is illegal and a violation of the employee’s rights. Source: Qatar Day Advertisement READ MORE: ©2017 THOUGHTSKOTO
The employer may not charge any interest on the loan he may grant to the worker and shall not deduct more than 10% from the wage of the worker in settlement of the loan.

The total of the sums to be deducted from the wage of the worker in settlement of the deductibles and debts due from him shall not exceed 50% of his aggregate wage. If the percentage which shall be deducted from the wage of the worker within one month exceeds this percentage the deduction of the excess percentage shall be deferred to the following month or months.

Withholding  the employees wages or salaries for reasons other than which are allowed by the law is a violation of the employee’s rights and deemed illegal.
Source: Qatar Day
The Philippine Embassy in Qatar has issued an advisory regarding the Bangko Sentral ng Pilipinas (BSP) clarification on exchanging Qatari Riyal to Philippine Peso. Reports of difficulty issues in exchanging the Qatari currency in the Philippines both from Qatari Tourists and OFWs who are based on Qatar bringing the currency home as many local banks and money changers and foreign exchange dealers refuse such transactions. However, the BSP clarifies that it has not issued any policy prohibiting the exchange of QAR for PHP through banks, money changers (MCs) and foreign exchange (FX) dealers. The BSP also clarified that acceptance of the QAR (or any other foreign currency) has always been a business decision of banks, MCs and FX dealers. It means that the OFWs who wish to bring the currency home are welcome to do it as long as they know a local bank or money changers who do such transactions. The best way is to coordinate with their family and friends before bringing the currency home. {INSERT 2-3 PARAGRAPHS OR 3 IMAGES HERE} The Ministry of Administrative Development, Labour and Social Affairs (MADLSA) has put a new ruling that employees will have the right to switch jobs without getting a No-Objection Certificate (NOC) from their employers if the company fails to pay their monthly salaries within seven days of the due date. According to an official from the MADLSA, a decision to this effect has been taken at the ministerial level and it will be implemented soon. The official stated that the government wants all companies operating in the country to pay monthly salaries to their employees on time or in certain cases within seven days from the due date. If they fail to do so, employees of such companies will have the right to change jobs even if they have not completed the contract period, as reported by the Qatar Tribune. He noted that few companies in Qatar are yet to adopt the Wage Protection System (WPS), adding that the government is taking action to identify those companies. Many cases have come to light where abusive employers were found to be indulging in the illegal practice of not paying their employees. The issue has brought a lot of negative attention to Qatar, many international news outlets dubbed Qatar as a destination of modern-day slavery. Due to the acts of a few abusive and exploitative employers Qatar’s image when it comes to protecting workers’ rights has been left with a black spot. Sponsored Links According to Article 65 of the ‘current labour law’: The Worker shall be entitled to the wages specified in the service contract and if the contract does not specify the wage the worker shall be entitled to the wage specified in the work regulations. If the wage is not specified in accordance with the preceding paragraph the worker shall be entitled to a wage equivalent to the wage specified for work of a similar type in the establishment and otherwise in accordance with the custom applicable to the profession in the place of performance of the work and if there is no such custom the judge shall specify the wage in accordance with the requirements of justice. This means that every worker is entitled to wages in return for his or her work, if an employer refuses to pay the wages, he or she is doing so in absolute contravention of the law. Furthermore Article 70 of the labour law states: Any part of the wage to which the worker is entitled may not be attached and the payment thereof may not be withheld except for the execution of a judicial decision. In case of attachment in execution of a judgment the Sharia alimony debt shall have priority over all other debts and the total of the sums attached shall not exceed 35% of the wage of the indebted worker. The employer may not charge any interest on the loan he may grant to the worker and shall not deduct more than 10% from the wage of the worker in settlement of the loan. The total of the sums to be deducted from the wage of the worker in settlement of the deductibles and debts due from him shall not exceed 50% of his aggregate wage. If the percentage which shall be deducted from the wage of the worker within one month exceeds this percentage the deduction of the excess percentage shall be deferred to the following month or months. This clearly proves that withholding wages or salaries of employees for reasons other than allowed by the law is illegal and a violation of the employee’s rights. Source: Qatar Day Advertisement READ MORE: ©2017 THOUGHTSKOTO

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