Jaime Ongpin

Jaime Ongpin
Jaime Ongpin
17th Secretary of Finance
	In office; March 26, 1986 – September 14, 1987
President	Corazon Aquino
Preceded by	Cesar Virata
Succeeded by	Vicente Jayme
Personal details
Born	Jaime Velayo Ongpin; June 15, 1938
Died	December 7, 1987 (aged 49); Makati City, Philippines
Nationality	Filipino
Political party	United Nationalist Democratic Organization
Alma mater	Ateneo de Manila University; Harvard Business School
Profession	Businessman

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.

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

"Martyrs and Heroes: ONGPIN, Jaime V." Bantayog ng mga Bayani. May 26, 2016. Retrieved June 20, 2019.
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.
http://www.scmp.com/article/737701/ongpin-last-top-official-take-his-life
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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[BantayogProfile-1] "Martyrs and Heroes: ONGPIN, Jaime V." Bantayog ng mga Bayani. May 26, 2016. Retrieved June 20, 2019.

[Death-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] ttp://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.