Former Finance Secretary Vicente “Ting” Jayme passed away on Thursday. Jayme, 80, was suffering from a heart condition. He served as a finance secretary during the administration of the late President Corazon Aquino.
The Department of Finance has sent an email to media personnel expressing their condolences to Jayme's family.
“We want to let Ting Jayme’s family and friends know that the DOF (Department of Finance) family that he helped build condoles with them as well,” Finance Secretary Cesar Purisima said.
Jayme had worked with the Federation of Free Workers, headed the Private Development Corp. (PDCP), and also served as president of the Philippine Chamber of Industries. He was the executive director of the Asian Development Bank from 1990 to 1997.
National Citizens' Movement for Free Elections (NAMFREL) Chairperson Cora de la Paz-Bernardo said the moment she learned about the tragic incident, she was extremely saddened.
“He was one of those people who I respect because he loved this country very much. He was a very important figure in the country's history. He is very patriotic and much respected in the financial community,” she said.