Ex-Finance Secretary Vicente Jayme loses the battle with his weak heart

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.

"As a pioneer in NAMFREL, Ting was one of the hardest fighters for good governance at a time when his country needed it the most. When he was appointed by President Aquino, Ting was a brilliant Finance Secretary whose legacy will be remembered as having steered the Philippines away from the brink of financial collapse. Current and future civil servants would do well to remember the prudence of his policy even in these times of relative plenty," Purisima added.

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.

1 Comment

  1. Kindly remove the photo linked to your article. My grandfather, Vicente R. Jayme, Sr. passed away 2 weeks ago. However the picture in your article is that of my father, Vicente J. Jayme, Jr.
    Thank you for your understanding.

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