Philippine Coins and Banknotes blogged about this:
Banknote collectors have something to look forward to in 2008. In commemoration of the centennial of the University of the Philippines (UP), the “Bangko Sentral ng Pilipinas has approved the overprinting of the image of the Oblation on new hundred peso bills to be circulated soon” (up.edu.ph).
The image above is only a speculation. Overprints are usually done on the white space on the right side of the banknote. The overprinted bills will most likely be issued in 2008, the year of UP’s centennial.
The Oblation is the iconic symbol of the University of the Philippines, represented by a man with arms wide-stretched and face facing up, symbolizing selfless offering of one’s self to his country.
Since I’m a Filipino numismatist (a coin collector) and marvel at Philippine monetary units (coins and banknotes), I am really excited about this. I’m sure to be waiting for this overprinted 100 peso bill! Yehey! 
July 28th, 2007 at 10:08 pm
hi! Thanks for leaving a comment.
I also want the bills! Sayang talaga, I graduated just a year before the centennial, di pa umabot sa celebration. =)
July 29th, 2007 at 1:23 am
First time someone quoted my blog posts
I look forward to that overprint too. I hope it comes out better than that speculation.
July 29th, 2007 at 10:34 am
cathy: sayang! but even though, we can all celebrate with the centennial batch! hahaha
rex: i have tried to look for Phil coins blogger before.. but i wasn’t successful.. not until yesterday… i was really lucky to have found your blog
wee! haha!
July 29th, 2007 at 4:05 pm
XD Na-excite din ako! I used to collect Phil money, but the collection got lost when I was in High School.
Bills are easy to get, though. It’s the coins I’m sad about.
July 29th, 2007 at 5:39 pm
Ohhhh! Yeah.. I know, and they’re more expensive…:|
July 29th, 2007 at 7:18 pm
I wanna own one
How many copies are they going to print? A lot?
July 29th, 2007 at 8:03 pm
That im not sure, but im guessing, 100,000 more or less
July 30th, 2007 at 12:10 pm
You’re collecting only coins from filipines? DO you want some from brazil?? XD
July 30th, 2007 at 9:16 pm
yeah, i only collect from the Philippines…but my aunt gave me some of her foreign collection, that’s why i have coins and banknotes from different countries as well…but it’s too hard to collect that much, i’m just focusing in the Philippines
hehe
July 31st, 2007 at 6:55 am
I’ve linked in my blog directory already. Thanks for the link too. Anyway, this is an interesting topic for me too, especially since I’m a U.P. student. I think I’ll write my thoughts about this within the week.
July 31st, 2007 at 5:18 pm
Cool! Thanks too!