Jaime C. Laya

Jaime C. Laya
1st Secretary of the Philippine Department of Budget and Management
In office 1975–1981
President	Ferdinand Marcos
Preceded by	Position created
Succeeded by	Manuel Alba
5th Governor of the Central Bank of the Philippines
In office 1981–1984
President	Ferdinand Marcos
Preceded by	Gregorio Licaros
Succeeded by	Jose B. Fernandez, Jr.
Personal details
Profession	Banker

Jaime C. Laya was the first Secretary of the Department of Budget and Management (as Minister of Budget) of the Republic of the Philippines, serving from 1975 to 1981. He was also the 5th governor of the Central Bank of the Philippines from 1981 to 1984. His term covered two significant points in Philippine history, the election that made former President Ferdinand Marcos have his third term and the assassination of the late Senator Benigno S. Aquino Jr. that stimulated the People Power Revolution of 1986.

He also served as the Dean of the College of Business Administration, now the Cesar E.A. Virata School of Business, of the University of the Philippines Diliman.

Laya graduated magna cum laude with a degree in business administration from the University of the Philippines in 1957. Later, he took up a master's degree in industrial management from the Georgia Institute of Technology. He did his graduate studies in finance at the Stanford Graduate School of Business of Stanford University in California, US, from which he graduated with a Ph.D. in 1965.

Laya started off teaching accounting, economics and management courses at UP after his graduation in 1957. At the age of 18, he placed eighth in the 1957 CPA examination. Laya served numerous positions in different government agencies. He rose to the rank of professor of accounting and director of graduate studies at the University of the Philippines Diliman College of Business Administration. He became dean of the same college from 1968-1975, succeeding Dean Cesar E.A. Virata.

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