Jaime Laya

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Dr. Jaime C. Laya was the Central Bank Governor from 1981 to 1984. He is a Certified Public Accountant (CPA) and had been accorded Certified Public Accountant in Public Practice Lifetime Achievement Award in 2007. He is founder and chairman of the firm Laya Mananghaya and Co. (currently Manabat Sanagustin and Co.) Laya was also a Ten Outstanding Young Men (TOYM) awardee for business education in 1967. In 2010, President Benigno Aquino III appointed Laya as one of the board of trustees of Cultural Center of the Philippines.



Lay graduated Magna Cum Laude in Business Administration from the University of the Philippines. After which, he took up Masters in Industrial Management from the Georgia Institute of Technology. He had his graduate studies in finance from the Stanford University.

Professional career

Government positions

Laya started off teaching accounting, economics and management courses at UP after his graduation. At the age of 18, he placed eighth in the 1957 CPA examination. Laya served numerous positions in different government agencies. He was the Dean of UP College of Business Administration. He served as Minister of Budget from 1975 to 1981 and became the Central Bank Governor from 1981 to 1984, and was the Minister of Education, Culture and Sports from 1984 to 1986.

He also served as Chairman of the National Commission of Culture and Arts from 1996 to 2001 and former Chairman of the Intramurous Administration. At present, he serves as a treasurer for the Opera Guild of the Philippines. In 2010, President Aquino appointed Laya, along with pianist Raul Sunico, and architect Maria Cristina Turalba, as one of the board of trustees of Cultural Center of the Philippines.

Private sector

After retiring from public office in 1986, Laya went on to found the founded J.C. Laya and Co., Ltd., which was later renamed Laya Mananghaya and Co. Laya served as chairman of the firm until his retirement in 2004. He was the Chairman and President of the Association of Certified Public Accounts in Public Practice (ACPAPP) in 2003 and ACAPP Foundation, Inc. in 2004.

He is the Chairman of the publicly-listed and Emilio Yap-owned Philtrust Bank, CIBI Foundation, Inc., Dual Tech Foundation, Inc and Don Norberto Ty Foundation. He serves as Director for Victorias Milling Company, Inc., Philippine AXA Life Insurance Company, Manila Polo Club and GMA Network, Inc. Philippine Ratings Services Corporation, Philippines-Mexico Business Council, and Philippines-Spain Business Council.

He is a trustee for De La Salle University - Taft, St. Paul University, Metropolitan Museum of Manila, Yuchengco Museum, Heart Foundation of the Philippines, Inc., Fundacion Santiago, ABS-CBN Foundation, Inc., Dañgal ng Bulacan Foundation, Cofradia de la Immaculada Concepcion .

International organization

Laya was also the President of the Southeast Asian Ministers of Education Council from 1985-86. Chairman, Ad Hoc Working Group on International Standards of Accounting and Reporting, United Nations Centeron Transnational Corporations from 1980-83; and of the Philippine Delegations to the International Monetary Fund and International Bank for Reconstruction and Development, Southeast Asian Central Banks Association, United Nations Educational, Cultural and Scientific Organization(UNESCO).


  • Association of Certified Public Accountants in Public Practice Lifetime Achievement Award for 2007
  • 1967 TOYM Awardees for Business Education
  • Manila Critics Circle Book Award, “Letras y Figuras: Business in Culture, Culture in Business” (Anvil, 2001)
  • Doctor of Laws (honoris causa),Philippine Woman University, 1983
  • Doctor of Humanities(honoris causa), Mindanao State University, 1980




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