Biography of former DBP Chairman Leonides S. Virata launched
State-owned Development Bank of the Philippines (DBP) recently launched the biography of its former Chairman, Leonides S. Virata. Written by acclaimed writer and columnist Butch Dalisay, the book titled O, Ilaw: The Life and Legacy of Leonides S. Virata chronicles the chairman's professional accomplishments both in government service and in business.
Virata was previously connected with the research department of the Central Bank, before moving to Philamlife in 1952 to direct the company's support for various projects with the Far East Bank, Bacnotan Cement, and Manila Doctors Hospital, among others.
After almost two decades in the private sector, Virata was appointed Secretary of Commerce and Industry in 1969 before being appointed DBP chairman in 1970, where he is credited for the shift in DBP's focus and orientation to support countryside development.
Photo shows during the book launching on October 28, 2021 (from left) Butch Dalisay, Luis Juan L. Virata, and DBP President and Chief Executive Officer Emmanuel G. Herbosa.
Source: TheManila Times
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