Jaime Ongpin

Jaime Velayo Ongpin (June 15, 1938 – December 7, 1987) was Minister of Finance of the Philippines under President Cory Aquino, appointed in 1986 after having played an instrumental role in her campaign. Ongpin was the younger brother of Roberto Ongpin who had been Minister of Trade and Industry under President Ferdinand Marcos.

Jaime Ongpin
17th Secretary of Finance
In office
March 26, 1986  September 14, 1987
PresidentCorazon Aquino
Preceded byCesar Virata
Succeeded byVicente Jayme
Personal details
Born
Jaime Velayo Ongpin

(1938-06-15)June 15, 1938
DiedDecember 7, 1987(1987-12-07) (aged 49)
Makati City, Philippines
NationalityFilipino
Political partyUnited Nationalist Democratic Organization
Alma materAteneo de Manila University
Harvard Business School
ProfessionBusinessman

Ongpin was a 1958 graduate of the Ateneo de Manila University and from Harvard Business School in 1962.[1] He had been advertising manager of the Philippine subsidiary of Procter & Gamble. In 1962, he joined the Benguet Corporation, one of the country's leading gold mining companies. In 1974, he became company president.

He committed suicide on December 7, 1987 at age 49,[2] just three months after having been dismissed from the government on September 14, in a cabinet reorganization that followed a coup attempt.

His wife was quoted as saying: "He had been depressed about infighting in Aquino's cabinet and disappointed that the 'People Power' uprising which had toppled dictator Ferdinand Marcos had not brought significant change".[3][4]

He was portrayed by Noel Trinidad in the 1988 People Power Revolution movie A Dangerous Life.

References

  1. "Martyrs and Heroes: ONGPIN, Jaime V." Bantayog ng mga Bayani. May 26, 2016. Retrieved June 20, 2019.
  2. Mydans, Seth; Times, Special to The New York (December 8, 1987). "Jaime Ongpin, Ex-Aquino Aide, Dies at 49, Apparently a Suicide". The New York Times. ISSN 0362-4331. Retrieved June 20, 2019.
  3. http://www.scmp.com/article/737701/ongpin-last-top-official-take-his-life
  4. Gonzales, Iris (June 17, 2019). "Jaime V. Ongpin reimagined". The Philippine Star. Archived from the original on June 20, 2019. Retrieved June 20, 2019.
Political offices
Preceded by
Cesar Virata
as Minister of Finance
Secretary of Finance
1986–1987
Succeeded by
Vicente Jayme


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