Cesar Virata

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Cesar Virata
Cesar Virata, 1983.jpg
Virata as Minister of Finance in 1982
4th Prime Minister of the Philippines
In office
June 30, 1981 – February 25, 1986
PresidentFerdinand Marcos
DeputyJosé Roño
Preceded byFerdinand Marcos
Succeeded bySalvador Laurel
3rd Director-General of the National Economic and Development Authority
Concurrently Prime Minister of the Philippines
In office
Preceded byPlacido Mapa, Jr.
Succeeded byVicente Valdepeñas, Jr.
Minister of Finance
In office
February 9, 1970 – March 3, 1986
Preceded byEduardo Romualdez
Succeeded byJaime Ongpin
Mambabatas Pambansa (Assemblyman) from Cavite
In office
June 30, 1984 – March 25, 1986
Served with:
Helena Z. Benitez
Renato P. Dragon
Mambabatas Pambansa (Assemblyman) from Region IV
In office
June 12, 1978 – June 5, 1984
Personal details
Born (1930-12-12) December 12, 1930 (age 89)
Kawit, Cavite, Philippine Islands
Political partyKilusang Bagong Lipunan (1978–1986)
Alma materUniversity of Pennsylvania (MBA)

Cesar Enrique Aguinaldo Virata (born 12 December 1930)[1] is a Filipino politician and businessman who was the fourth Prime Minister of the Philippines from 1981 to 1986. He is the eponym of the Cesar Virata School of Business, the business school of the University of the Philippines Diliman.


One of the Philippines' business leaders and leading technocrats, he served as Finance Minister from 1970 to 1986 under President Ferdinand Marcos. It was during this time that the Philippines became economically strong through healthy trade and budgetary surpluses[additional citation(s) needed] . However, other studies show budgetary deficits during the same period (PIDS, Budget Deficits, 2004, 4(1)), particularly during the later years of the Marcos regime. These deficits were precipitated by the oil crises' and the mass protests against the Marcos regime following the assassination of opposition leader Senator Benigno Aquino, Jr.[additional citation(s) needed]

Government service[edit]

Virata served as Prime Minister of the Philippines[2] from 1981 to 1986 under the Interim Batasang Pambansa and the Regular Batasang Pambansa, concurrently with his position as Finance Minister.

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

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..


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 25 February 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 he offices of head of state and head of government in the President.


Prior to assuming leadership positions in the government service during the Marcos regime, 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.[3]


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.[4]


See also[edit]

  • 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
Succeeded by
Salvador Laurel
Preceded by
Eduardo Romualdez
Secretary of Finance
Succeeded by
Jaime Ongpin
House of Representatives of the Philippines
New constituency Member of Parliament for Cavite
Constituency abolished
Political offices
Preceded by
Gerardo Sicat
Head of the National Economic and Development Authority
1981 – 1986
Succeeded by
Solita Monsod


  1. ^ Profile of Cesar Virata
  2. ^ "Aquino Abolishes Assembly, Declares Interim Government". Milwaukee Journal. AP. 25 March 1986. p. 3. Retrieved 30 September 2010.
  3. ^ Hidalgo, Cristina Pantoja (2016). The UP Cesar E.A. Virata School of Business: A Century of Business Education in the Philippines (First ed.). Diliman, Quezon City: UP Business Research Foundation, Inc. pp. 81–82. ISBN 978-621-95585-0-1.
  4. ^ Wilson Lee Flores (22 May 2016). "Is a socialist 'ghost' to be feared?". The Philippine Star. Retrieved 14 December 2019.
  5. ^ Kristine Angeli Sabillo (25 November 2016). "Marcos admin PM Virata receives award from Japanese gov't". Philippine Daily Inquirer. Retrieved 25 November 2016.