Jaime C. Laya
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Jaime del Carmen Laya, better known as Jimmy Laya (born January 8, 1939) is a Filipino banker, accountant, and cultural administrator who served as the first Secretary of the Department of Budget and Management (as Minister of Budget) of the Republic of the Philippines, serving from 1978 to 1981. He was also the 5th governor of the
Central Bank of the Philippines The Bangko Sentral ng Pilipinas (; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on January 3, 1949, and then re-established on July 3, 1993 pursuant to the provision of Re ...
from 1981 to 1984 and later served as the Minister of Education, Culture and Sports from 1984 until 1986. His terms in civil service, covered two significant points in Philippine history, the
election An election is a formal group decision-making process whereby a population chooses an individual or multiple individuals to hold Public administration, public office. Elections have been the usual mechanism by which modern representative d ...
that made former President
Ferdinand Marcos Ferdinand Emmanuel Edralin Marcos Sr. (September 11, 1917 – September 28, 1989) was a Filipino lawyer, politician, dictator, and Kleptocracy, kleptocrat who served as the tenth president of the Philippines from 1965 to 1986. He ruled the c ...
have his third term and the assassination of the late Senator Benigno S. Aquino Jr. that stimulated the
People Power Revolution of 1986 The People Power Revolution, also known as the EDSA Revolution or the February Revolution, were a series of popular demonstrations in the Philippines, mostly in Metro Manila, from February 22 to 25, 1986. There was a sustained campaign of ...
. In between his political appointments to key government departments during the
Marcos dictatorship At 7:15 p.m. on September 23, 1972, President Ferdinand Marcos announced on television that he had placed the Philippines under martial law, stating he had done so in response to the "communist threat" posed by the newly founded Communist Party ...
, Laya also served as the first Action Officer of the
Intramuros Administration The Intramuros Administration (IA) is an agency of the Department of Tourism of the Philippines that is mandated to restore, administer, and develop in an orderly manner the historic walled area of Intramuros, which is situated within the moder ...
. Later on, his work in cultural administration continued upon his appointment as Chairman of the
National Commission for Culture and the Arts The National Commission for Culture and the Arts of the Philippines (NCCA; , ) is the official government agency for culture in the Philippines. It is the overall policy making body, coordinating, and grants giving agency for the preservation, d ...
(NCCA) from 1996 until 2001. Since 2022, he presently serves as the Chairman of the
Cultural Center of the Philippines The Cultural Center of the Philippines (CCP; ) is a government-owned and controlled corporation (GOCC) established to preserve, develop and promote Arts in the Philippines, arts and Culture of the Philippines, culture in the Philippines.Presid ...
. He also served as the Dean of the College of Business Administration, now the Cesar E.A. Virata School of Business, of the
University of the Philippines Diliman The University of the Philippines Diliman (also called UPD; ), also referred to as UP Diliman, is a State university and college (Philippines), public, coeducational, Research university, research university located in Diliman, Quezon City, Ph ...
, and board of director of Audit and Risk Management Committee of the Philippine media conglomerate GMA Network Inc.


Personal life and education

Born to Juan Cabreros Laya, noted author and Silvina del Carmen, an educator who were the founders of the Philippine publishing house, ''Kayumanggi Press''. In 1956, Laya joined the Pan Xenia Fraternity and a year later, he graduated magna cum laude with a degree in business administration from the
University of the Philippines Diliman The University of the Philippines Diliman (also called UPD; ), also referred to as UP Diliman, is a State university and college (Philippines), public, coeducational, Research university, research university located in Diliman, Quezon City, Ph ...
. Later, he took up a master's degree in industrial management from the
Georgia Institute of Technology The Georgia Institute of Technology (commonly referred to as Georgia Tech, GT, and simply Tech or the Institute) is a public university, public research university and Institute of technology (United States), institute of technology in Atlanta, ...
. He did his graduate studies in finance at the
Stanford Graduate School of Business The Stanford Graduate School of Business is the Postgraduate education, graduate business school of Stanford University, a Private university, private research university in Stanford, California. For several years it has been the most selective ...
of
Stanford University Leland Stanford Junior University, commonly referred to as Stanford University, is a Private university, private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth ...
from which he graduated with a
doctoral degree A doctorate (from Latin ''doctor'', meaning "teacher") or doctoral degree is a postgraduate academic degree awarded by universities and some other educational institutions, derived from the ancient formalism '' licentia docendi'' ("licence to teach ...
in 1965. Laya is a member of the Pan Xenia Fraternity. He was married to Alicia Laya, who later died during the 1990 earthquake in
Baguio Baguio ( , , ), officially the City of Baguio (; ; ), is a Cities of the Philippines#Legal classification, highly urbanized city in the Cordillera Administrative Region, Philippines. It is known as the "Summer Capital of the Philippines", ...
.


Career

Laya started off teaching accounting, economics, and management courses at UP after his graduation in 1957. At the age of 18, he placed eighth in the 1957 CPA examination. Laya served numerous positions in different government agencies. He rose to the rank of professor of accounting and director of graduate studies at the University of the Philippines Diliman College of Business Administration (present-day the Cesar E.A. Virata School of Business) and subsequently became its dean from 1968 to 1975, succeeding Cesar E.A. Virata who later served as
Prime Minister A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but r ...
during the
Marcos dictatorship At 7:15 p.m. on September 23, 1972, President Ferdinand Marcos announced on television that he had placed the Philippines under martial law, stating he had done so in response to the "communist threat" posed by the newly founded Communist Party ...
. In 1966, as an assistant professor, Laya became the inaugural recipient of the IBM Philippines Chair in Business Administration of the UP College of Business Administration, which was sponsored by IBM Philippines and the Ford Foundation.


Government service

In 1978, President
Ferdinand Marcos Ferdinand Emmanuel Edralin Marcos Sr. (September 11, 1917 – September 28, 1989) was a Filipino lawyer, politician, dictator, and Kleptocracy, kleptocrat who served as the tenth president of the Philippines from 1965 to 1986. He ruled the c ...
appointed Laya to serve as the first Minister of Budget and Management handling the portfolios of distribution of the general appropriations of the government. Laya was later appointed as the 5th
Governor of the Central Bank of the Philippines The governor of the Bangko Sentral ng Pilipinas ( or simply ) is the chief executive officer of the Bangko Sentral ng Pilipinas, the Philippines' central bank. This position succeeded and replaced the earlier post of governor of the Central Bank ...
from 1981 to 1984 and was the Minister of Education, Culture and Sports from 1984 to 1986. Whilst helming as Governor of the Central Bank from 1981 until 1984, Laya initiated the purchase of important works of Philippine art and significant pieces of pre-Hispanic ancestral gold in the Philippines. These works are part of the permanent collection of the Museo ng Bangko Sentral ng Pilipinas. Laya was also the president of the Southeast Asian Ministers of Education Council from 1985 to 1986 and chairman of the Ad Hoc Working Group on International Standards of Accounting and Reporting of the United Nations Center on Transnational Corporations from 1980 to 1983. He also chaired the Philippine Delegations to the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...
and the
World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
, the Southeast Asian Central Banks Association, and the United Nations Educational, Cultural and Scientific Organization (UNESCO).


Private sector

Following his retirement from public office in 1986, Laya proceeded to found the accounting firm, J.C. Laya and Co., Ltd., subsequently renamed Laya, Mananghaya and Co. (now known as KPMG Philippines), where he acted as chairman until his retirement in 2004. In 2003, he assumed the roles of chairman and president of the Association of Certified Public Accountants in Public Practice (ACPAPP) and, in 2004, of ACAPP Foundation, Inc. He was previously the chairman of the publicly listed
Philtrust Bank Philippine Trust Company (, Also known in Hokkien ; & Mandarin ), commonly known as Philtrust Bank, is one of the oldest private universal banks in the Philippines. Founded on October 16, 1916, its history parallels the growth of the Philipp ...
, CIBI Information, Inc., Dual Tech Foundation, Inc and Don Norberto Ty Foundation. Laya serves as Director for Victorias Milling Company, Inc., Philippine AXA Life Insurance Company,
Manila Polo Club The Manila Polo Club is the premiere polo club in the Philippines. It was established in 1909 during the American colonial era in the Philippines, American colonial era by Governor General William Cameron Forbes as a venue for polo and leisure fo ...
and GMA Network, Inc., the Philippine Ratings Services Corporation, the Philippines-Mexico Business Council, and the Philippines-Spain Business Council.


Cultural administrator and writer


Action Officer of the Intramuros Administration (1979–1986)

In 1979, President Ferdinand Marcos appointed Laya to be the first Action Officer of the
Intramuros Administration The Intramuros Administration (IA) is an agency of the Department of Tourism of the Philippines that is mandated to restore, administer, and develop in an orderly manner the historic walled area of Intramuros, which is situated within the moder ...
(IA), a government agency tasked with orderly restoring, administering, and developing the historic walled area of
Intramuros Intramuros () is the historic walled area within the city of Manila, the capital of the Philippines. It is administered by the Intramuros Administration with the help of the city government of Manila. Intramuros comprises a centuries-old hist ...
, including the fortifications of the
Baluarte de San Diego The Baluarte de San Diego is a bastion in Intramuros, part of the Spanish colonial fortification in the walled city of Manila in the Philippines. History The existence of the fort started from Governor General Gómez Pérez Dasmariñas who int ...
and the
Gates of Intramuros The gates of Intramuros refer to the original eight gates of the Walled City of Intramuros in Manila, built during the Spanish colonial era in the Philippines. The gates are called by the original Spanish word for "gate", ''puerta'' (plural: ''p ...
. During his tenure, he led the acquisition of various ecclesiastical and decorative arts collections for the IA, forming the basis of the present collections at the Museo de Intramuros and
Casa Manila Casa Manila is a museum in Intramuros depicting a colonial lifestyle during the Spanish colonization of the Philippines. The museum part is an imposing stone-and-wood structure, built c. 1850, one of three grand houses in Barrio San Luis (one o ...
. Furthermore, as the Action Officer, he spearheaded the publication of numerous monographs on the history of Intramuros and Philippine arts and culture.


Chairman of the National Commission of Culture and Arts (1996–2001)

In 1996, President
Fidel Ramos Fidel Valdez Ramos (; March 18, 1928 – July 31, 2022), popularly known as FVR, was a Filipino general and politician who served as the 12th president of the Philippines from 1992 to 1998. He was the only career military officer to reached ...
appointed Laya to helm as the Chairman of the National Commission of Culture and Arts (NCCA), where he initiated projects and programs in the promotion of Philippine arts both domestically and overseas.


Trustee of the Cultural Center of the Philippines (2010–2022)

In 2010, President
Benigno Aquino III Benigno Simeon Aquino III (; born Benigno Simeon Cojuangco Aquino III; February 8, 1960 – June 24, 2021), also known as Noynoy Aquino and colloquially as PNoy, was a Filipino politician who served as the 15th president of the Philippines ...
appointed Laya as one of the board of trustees of the Cultural Center of the Philippines (CCP). It was during his term as trustee that CCP held the controversial ''Kulo'' exhibition with the installation art piece titled ''
Poleteismo ''Poleteismo'' was an installation art project by Filipino artist and curator Mideo Cruz. Previously exhibited starting in 2002 at the Ateneo de Manila, the UP Vargas Museum, among other venues, without much controversy, its 2011 iteration, exhi ...
'' by Philippine contemporary artist Mideo Cruz, which was largely criticized by the largely
Roman Catholic The Catholic Church (), also known as the Roman Catholic Church, is the largest Christian church, with 1.27 to 1.41 billion baptized Catholics worldwide as of 2025. It is among the world's oldest and largest international institut ...
Philippine population. Laya, along with the rest of the CCP Board, faced criminal complaints before the
Ombudsman An ombudsman ( , also ) is a government employee who investigates and tries to resolve complaints, usually through recommendations (binding or not) or mediation. They are usually appointed by the government or by parliament (often with a sign ...
. The complaints were dismissed for lack of merit in 2013.


Chairman of the Cultural Center of the Philippines (2022–present)

In 2022, President
Bongbong Marcos Ferdinand "Bongbong" Romualdez Marcos Jr. (, , ; born September 13, 1957), commonly referred to by the initials BBM or PBBM, is a Filipino politician who has served as the 17th president of the Philippines since 2022. He is the second child ...
appointed Laya to be the Chairman of the Cultural Center of the Philippines with the primary task of overseeing the renovation of the
Tanghalang Pambansa The Tanghalang Pambansa (), formerly Theater of Performing Arts, is a theater located in the Cultural Center of the Philippines Complex in Manila, Philippines. It is the flagship venue and principal offices of the Cultural Center of the Philippi ...
, with plans to reopen the building by 2025. Consequently, Laya is one of two former officials from the previous martial law period to join the Marcos Jr. administration, the other being
Juan Ponce Enrile Juan Valentin Furagganan Ponce Enrile Sr., (born Juan Valentin Furagganan; February 14, 1924), also referred to by his initials JPE, is a Filipino politician and lawyer who served as 21st President of the Senate of the Philippines from 2008 to ...
.


Writings


Wala Lang column

Laya has authored numerous books and other publications comprising compilations of his various essays and writings on Philippine history, arts, and culture. The majority of his published works have centered on Intramuros, where he collaborated with Esperanza Gatbonton on ''Intramuros of Memory'' released in 1983 and subsequently reissued in 2011. He has also delved into the realm of Philippine architecture, co-authoring ''Philippine Heritage Homes: A Guidebook'' in 2014 with antiquarian Sonny Tinio and architect Maria Cristina Turalba. Presently, Laya contributes a column titled ''Wala Lang'' to the
Manila Bulletin The ''Manila Bulletin'' () (also known as the ''Bulletin'' and previously known as the ''Manila Daily Bulletin'' from 1906 to September 23, 1972, and the ''Bulletin Today'' from November 22, 1972, to March 10, 1986) is the Philippines' largest ...
, dedicated to his reflections on Philippine art, culture, and politics. He also serves as a trustee for
De La Salle University Manila De La Salle University (), also referred to as DLSU, De La Salle or La Salle, is a private, Catholic coeducational research university run by the Institute of the Brothers of the Christian Schools with main campus in Taft Avenue, Malate, Manil ...
,
St. Paul University Manila St. Paul University Manila (SPUM), also referred by its acronym SPU Manila, is a private, Catholic coeducational basic and higher education institution established and run by the Congregation of the Sisters of Saint Paul of Chartres in Manila, P ...
, the
Metropolitan Museum of Manila The Metropolitan Museum of Manila, also branded as the M, is a non-profit art museum located in Bonifacio Global City (BGC) in Taguig, that exhibits local and international contemporary art. It bills itself as the Philippines' premier museum fo ...
, the Yuchengco Museum, the Heart Foundation of the Philippines, Inc., the Fundacion Santiago, ABS-CBN Foundation, Inc., Dañgal ng Bulacan Foundation, Cofradia de la Immaculada Concepcion and Escuela Taller de Filipinas Foundation, Inc. where he served as chairman of the board of trustees.


Bibliography

;Books and Publications * ''A Cash Flow Model and the Rate of Return: The Effect of Price Level Change and Other Factors on Book-Yield'' (1975) * ''Budgetary Innovation in the New Society'' (1977) * ''Philippine Government Budgeting: Policy and Practice in the New Society'' (1980) * ''A Crisis of Confidence and Other Papers: A Compilation of Papers and Speeches Completed in 1981'' (1982) * ''Intramuros of Memory'' (1983) (co-authored with Esperanza B. Gatbonton) * ''Gearing for Recovery and Other Papers: A Compilation of Papers and Speeches Completed in 1982'' (1983) * ''A Period of Adjustment and Other Papers: A Compilation of Papers and Speeches Completed in 1983 and 1984'' (1984) * ''A Question of Quality and Other Papers: A Compilation of Papers and Speeches Completed in 1984'' (1985) * ''Moving Forward in Education and Other Papers: A Compilation of Papers and Speeches Completed in 1985'' (1986) * ''Philippine Education Indicators: 1965-1985'' (1986) * ''Larawan: Immortality and Identity in Filipino Portraiture'' (1988) (co-authored with Luciano P.R. Santiago and Regalado Trota Jose) * ''And Life Goes On: Memoirs of Purita Kalaw-Ledesma'' (1994) (co-authored with
Purita Kalaw Ledesma Purita Kalaw Ledesma (February 2, 1914 – April 29, 2005) was a writer and art critic and founder of the Art Association of the Philippines in 1948. Early life Purita Villanueva Kalaw was born in Manila on February 2, 1914, to government offic ...
) (as annotator) * ''Prusisyon: Philippine Religious Pageantry'' (1996) (co-authored with Lulu Tesoro Castañeda) * ''Letras y Figuras: Business in Culture, Culture in Business'' (2001) * ''Philippine Cultural and Artistic Landmarks of the Past Millennium'' (2001) (as editor) * ''Consuming Passions: Philippine Collectibles'' (2003) (as editor) * ''Tanáw: Perspectives on the Bangko Sentral ng Pilipinas Painting Collection'' (2005) (co-authored with Cid Reyes, Alice Guillermo, Ma. Victoria Herrera, Fatima J. Lasay and edited by Ramon E.S. Lerma) * ''Potlock Hidalgo Bonding: A Family Heritage Cookbook'' (2006) (co-edited with Adelaida Lim) * ''Herencia - A Legacy of Art and Progress: The Bank of the Philippine Islands Collection'' (2008) (co-authored with Cid Reyes, Alice Guillermo, Ma. Victoria Herrera, Nicanor G. Tiongson and edited by Ramon N. Villegas) * ''Hidden Treasures: Simple Pleasures'' (2008) (co-authored with Mariano C. Lao and Edilberto B. Bravo) * ''Santa Ana Church: A Historical Guide'' (2008) * ''Wala Lang: 500-Word Articles on Philippine Life & Culture'' (2012) * ''Philippine Heritage Homes: A Guidebook'' (2014) (co-authored with Martin I. Tinio, Jr. and Ma. Cristina V. Turalba) * ''Wala Lang II: 500-Word Articles on Philippine Life & Culture'' (2015) * ''Wala Lang III: 500-Word Articles on Philippine Life & Culture'' (2018) * ''In Dialogue: The Economic Managers of the Marcos Administration'' (2020) (co-authored with Placido L. Mapa, Jr., Estelito P. Mendoza, Vicente T. Paterno, Gerardo P. Sicat and Cesar E.A. Virata) * ''The Art and Times of the Seventies'' (2020) (co-authored with Corazon S. Alvina, Augusto M.R. Gonzalez III, Lisa Guerrero Nakpil and Marian Pastor Roces) * ''Wala Lang IV: Articles on Philippine Life & Culture'' (2021) ;Contributor in Books and Other Publications * ''The Filipino Drama, 1905'' by Arthur Stanley Riggs (1981) (with introduction by
Doreen Fernandez Alicia Dorotea Gamboa Fernández (October 28, 1934–June 24, 2002), better known as Doreen Fernandez, was a noted Filipino writer, teacher, cultural historian, food critic and scholar who wrote extensively about Philippine theatre and Filipino ...
) * ''Magnificat: Mama Mary's Pilgrim Sites'' (2012) (edited by Cecilia Brainard) * ''My BenCab: Collectors Tell Their Stories'' (2018) (edited by Thelma Sioson San Juan)


References

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{{DEFAULTSORT:Laya, Jaime C. Living people Secretaries of budget and management of the Philippines Secretaries of education of the Philippines Governors of the Bangko Sentral ng Pilipinas Ferdinand Marcos administration cabinet members GMA Network (company) people Academic staff of the University of the Philippines University of the Philippines Diliman alumni Georgia Tech alumni Stanford Graduate School of Business alumni 1939 births