kids encyclopedia robot

Cesar Virata facts for kids

Kids Encyclopedia Facts
Quick facts for kids
Cesar Virata
KGCR
Cesar Virata - 2019 (cropped).jpg
Virata in September 2019
4th Prime Minister of the Philippines
In office
July 28, 1981 – February 25, 1986
President Ferdinand Marcos
Deputy José Roño
Preceded by Ferdinand Marcos
Succeeded by Salvador Laurel
3rd Director-General of the National Economic and Development Authority and Minister of Economic Planning
In office
1983–1984
President Ferdinand Marcos
Preceded by Placido Mapa Jr.
Succeeded by Vicente Valdepeñas Jr.
Secretary/Minister of Finance
In office
February 9, 1970 – March 3, 1986
President Ferdinand Marcos
Preceded by Eduardo Romualdez
Succeeded by Jaime Ongpin
Member of the Regular Batasang Pambansa
In office
June 30, 1984 – March 25, 1986
Constituency Cavite
Member of the Interim Batasang Pambansa
In office
June 12, 1978 – June 5, 1984
Constituency Region IV-A
Personal details
Born
Cesar Enrique Aguinaldo Virata

(1930-12-12) December 12, 1930 (age 93)
Kawit, Cavite, Philippine Islands
Political party Independent (1986–present)
KBL (1978–1986)
Spouse Phylita Joy Gamboa
Children 3
Alma mater University of the Philippines Diliman
University of Pennsylvania (MBA)
Awards Grand Cordon, Order of the Rising Sun

Cesar Enrique Aguinaldo Virata KGCR (born December 12, 1930) is a Filipino former statesman and businessman who was the fourth Prime Minister of the Philippines from 1981 to 1986. He is currently the corporate vice chairman of the Rizal Commercial Banking Corporation. He is the eponym of the Cesar Virata School of Business, the business school of the University of the Philippines Diliman.

Education

While he was studying at Wharton School, Virata studied about American labor, steel industry, automotive industry, and many others which was not discussed when he was a student of the University of the Philippines. He also took money and banking as well as cost accounting and advanced money and banking courses, while doing so. In line with that, he realized that around a third of the things he was learning at Wharton were in reality, not applicable to the Philippine setting, specifically the automotive industry.

Government service

Finance minister

He served as Finance Minister from 1970 to 1986 under President Ferdinand Marcos.

Prime Minister of the Philippines

Cesar Virata, 1983
Virata during his cabinet meeting in 1983.

Virata served as Prime Minister of the Philippines from 1981 to 1986 under the Interim Batasang Pambansa and the Regular Batasang Pambansa, concurrently with his position as Finance Minister. He also headed the National Economic and Development Authority (NEDA), the country's highest economic planning body, while also serving as the Prime Minister. Virata was the third to occupy the position and was succeeded by economist Vicente Valdepeñas, Jr.

Cesar Virata and his wife Phylita at the funeral of Onofre Corpuz 2013jf
Cesar Virata and wife Phylita "Joy" Gamboa Virata at the eulogy for Onofre Corpuz, April 1, 2013.

After the 1986 EDSA Revolution

He was replaced as Prime Minister in the aftermath of the 1986 People Power Revolution by Salvador Laurel. Laurel succeeded Virata as Prime Minister on February 25, 1986, through the appointment of Corazon Aquino, but the position was abolished a month later by Proclamation No. 3 (the 'Freedom Constitution'). The office was confirmed as superseded by the 1987 Constitution, which again fused the offices of the head of state and the head of government in the President.

Academe

Prior to assuming leadership positions in the government service during the Marcos administration, Virata used to teach at the business school of the University of the Philippines Diliman. He served as dean of the College of Business Administration, which was named after him on April 12, 2013, by the University of the Philippines Board of Regents (BOR) as the Cesar E.A. Virata School of Business. Several interest groups, including U.P. Kilos Na, have protested this renaming of the business school, and the BOR decided to restudy its decision during its board meeting held last July 29, 2013. Some members in certain interest groups, including U.P. Kilos Na, the UP Diliman University Council, undergraduates of the UP College of Business, and in the BOR itself then objected to renaming the business school after Virata. The matter was discussed at length in a series of meetings which resulted in the BOR re-affirming its decision to rename the college after Virata.

Family and personal life

Virata is married to Phylita Joy Gamboa, a popular stage actress, and has three children: Steven Cesar, a businessman; Gillian Joyce, an educator; and Michael Dean, a doctor specializing in infectious diseases. The grandnephew of the first President, Emilio Aguinaldo, Virata holds an MBA from the Wharton School of the University of Pennsylvania. Virata is also an accomplished tennis player. His uncle, Leonides Sarao Virata, also served during under Marcos as Secretary of Trade and Industry and chairman of the Development Bank of the Philippines. As with most of his family, Virata is a member of the Philippine Independent Church.

Biographies

Virata's life and his impact on Philippine economic history have been the subject of various books. The most of extensive biography to cover Virata as its main subject is Gerardo Sicat's 2014 biography, "Cesar Virata: Life and Times Through Four Decades of Philippine Economic History." He is also one of the main subjects of Teresa S. Encarnacion Tadem's 2019 Ateneo Press book "Philippine Politics and the Marcos Technocrats: The Emergence and Evolution of a Power Elite."

Honors

  • ribbon bar Grand Cordon of the Order of the Rising Sun (2016)
  • Most Distinguished Brother, Pan Xenia International Professional Foreign Trade Fraternity

See also

  • Prime Minister of the Philippines
  • National Economic and Development Authority (Prime Minister was also the head of the NEDA)
  • Gerardo P. Sicat, 2014. Cesar Virata Life and Times Through Four Decades of Philippine Economic History, Diliman, Quezon City: The University of Philippines Press, ISBN: 978-971-542-742-5.
Political offices
Preceded by
Ferdinand Marcos
Prime Minister of the Philippines
1981–1986
Succeeded by
Salvador Laurel
Preceded by
Eduardo Romualdez
Secretary of Finance
1970–1986
Succeeded by
Jaime Ongpin
Assembly seats
New constituency Member of Parliament for Cavite
1984–1986
Constituency abolished
Political offices
Preceded by
Gerardo Sicat
Head of the National Economic and Development Authority
1981 – 1986
Succeeded by
Solita Monsod
Black History Month on Kiddle
Renowned African-American Artists:
Kyle Baker
Joseph Yoakum
Laura Wheeler Waring
Henry Ossawa Tanner
kids search engine
Cesar Virata Facts for Kids. Kiddle Encyclopedia.