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Topic: Cesar Virata

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	DFMv1
		Cesar Virata is the Chairman and President of the C. Virata and Associates, Inc. Management Consultants (1986 -present), Director (1988 -present) and Corporate Vice Chairman of Rizal Commercial Banking Corporation.
		Virata has held high positions in government including Prime Minister from 1981 to 1986 and Chairman of the Commit tee on Finance of the Batasan Pambansa (National Assembly) from 1978 to 1986.
		Virata was born on 12 December 1930 in Manila, Philippines.
	www.unitar.org /dfm/Resource_Center/Experts/Virata/profile.htm (386 words)

	:: Malaya - The National Newspaper :: (Site not responding. Last check: 2007-11-06)
		Cesar Virata, chairman of RCBC, said the sale will dilute the Yuchengcos’ ownership of the bank to 51 percent from 60 percent.
		Virata said "many changes" are prompting the bank to seek fresh equity to be able to survive competition.
		Virata said the bank’s approach is to have a strategic partner after some foreign partners dumped their shareholdings.
	www.malaya.com.ph /sep23/busi3.htm (320 words)

	[No title]
		VIRATA: Well, Aguinaldo was, ah, born in, ah, Cavite, Kawite, Cavite, and, ah, he was, ah, born to a, ah, family that, ah, had exercised leadership within the community.
		VIRATA: Well, I -- probably at that stage, ah, he was more concerned already about, ah, the, ah, the revolutionary forces because they were always on the retreat and the superiority of the American forces were really great, that he was fighting for his life already.
		VIRATA: Well, ah, I think, ah, he believed that because, ah, the United States was more for education and, ah, that was really badly needed by the Filipinos because the educational system set up by the Spaniards really educated very few.
	www.pbs.org /crucible/interviews/Virata.doc (2988 words)

	G.R. No. 86926
		The first petition (hereinafter referred to as the Virata case) was filed on 17 February 1989, while the second (hereinafter referred to as the Mapa case) was filed on 20 February 1989.
		Virata is charged with offenses related to the illegal accumulation of vast wealth and plunder, with not the slightest indication where his wealth is stashed, how he accumulated it, or how he knowingly helped others in raiding the national treasury.
		Virata solely responsible for an act which is manifestly not criminal or disadvantageous to the common people is an act of harassment.
	www.lawphil.net /judjuris/juri1991/oct1991/gr_86926_1991.html (8392 words)

	Virata vs Sandiganbayan : 114331 : J. Torres, Jr : Second Division
		In this case, petitioner Cesar E. Virata (Virata, for brevity) is one of the defendants in Civil Case No. 0035, entitled Republic of the Philippines versus Benjamin (Kokoy) Romualdez, et.
		The abovequoted paragraph of the said bill of particulars is supposed to be the amplification of the charge against Virata stated in paragraph 14(b) of the expanded Second Amended Complaint-which is his alleged active collaboration in the reduction of electric franchise tax and tariff duty of fuel oil imports.
		The said bill of particulars was filed by the Republic to amplify the charge of Virata’s being a dummy, nominee or agent stated in paragraphs 17 and 18 of the expanded Second Amended Complaint.
	www.supremecourt.gov.ph /jurisprudence/1997/may1997/114331.HTM (4107 words)

	Manila Standard Today -- Junk protectionism — ConCom adviser -- September 26, 2005 (Site not responding. Last check: 2007-11-06)
		Virata, one of the advisers to the Consultative Commission (ConCom) that is now studying possible amendments to the 18-year-old Charter, said the measures to protect the economy should not be in the Constitution but in ordinary laws that can be easily modified by Congress.
		Virata, now chairman of the board of directors of Rizal Commercial Banking Corp., said he is in favor of shifting from the present presidential to a parliamentary system of government.
		Virata said the country does not have the resources to support a federal system, which will be very expensive because it will create additional layers in the government bureaucracy.
	www.manilastandardtoday.com /?page=news01_sept26_2005 (547 words)

	On with the Show - INQ7.net (Site not responding. Last check: 2007-11-06)
		Virata remembers being "scared stiff" of her friend Amador the first time they met, when Virata auditioned for a role in a Rep play in 1976.
		Virata went to PWU first, then began to rebel and insisted on moving to the University of the Philippines in her junior year to study business administration.
		Virata had studied voice with opera great Isang Tapales for four years and was being egged on by her maestra to try an opera career.
	beta.inq7.net /sunday/index.php?index=2&story_id=25197&col=95 (1950 words)

	Philippine History: Essays by Manuel L. Quezon III
		The fate of Cesar Virata was a signal case.
		Virata said that such loans could not be continued after a certain level had been reached.
		Virata offered to resign, but was convinced to soldier on, FM diplomatically suggesting that the Prime Minister should go abroad for a little vacation.
	www.tribo.org /history/edsa.html (6074 words)

	Virata history at Business.com (Site not responding. Last check: 2007-11-06)
		The Honorable Cesar EA Virata assumed the deanship in 1961.
		The keynote speaker Cesar Virata, former Prime Minister and president of the...
		December 12, 1930 as Cesar Emilio Aguinaldo Virata) was a
	www.business.com /popular/Virata_history (281 words)

	Sun.Star Cebu - RCBC to issue P4.5B in 10-yr. capital notes
		Your capital is safe and the interest, which is higher than the five-percent interest rate of the five-year notes issued by the government, is fixed for the 10 years,” he said on the sidelines of the launch at the Cebu City Marriott Hotel Tuesday.
		Virata said qualified investors—individuals and tax-exempt institutions—can buy the notes at a minimum of P500,000 from June 30 to July 4 at any of RCBC’s branches.
		Virata said RCBC is the first Filipino bank to issue capital notes in pesos.
	www.sunstar.com.ph /static/ceb/2003/06/26/bus/rcbc.to.issue.p4.5b.in.10.yr..capital.notes.html (467 words)

	Marcos’ former PM says shift to parliament is answer - INQ7.net (Site not responding. Last check: 2007-11-06)
		Cesar Virata, who served as the prime minister of the late strongman Ferdinand Marcos, said the current "American structure" of governance in the country had created so much division among national political leaders.
		By "American structure", Virata referred to the executive, legislative and judicial branches of the government, and the division of the legislative branch into the Senate and House of Representatives.
		Virata is chair of the Cavite Historical Society.
	news.inq7.net /regions/index.php?index=1&story_id=40320 (450 words)

	Charter change good, bad, says RP’s only PM - INQ7.net (Site not responding. Last check: 2007-11-06)
		CESAR Virata, the country’s first and only prime minister, sees a need to overhaul the Constitution and shift to a parliamentary system of government, but not as a way out of the current political crisis.
		Virata became the country’s prime minister in 1981-1986 when the late dictator Ferdinand Marcos experimented with the French model -- a parliamentary form of government with a strong president.
		Virata, now president of the Bankers Association of the Philippines and vice chair of Rizal Commercial Banking Corp., said he had been in favor of a parliamentary form of government since the 1960s.
	news.inq7.net /nation/index.php?index=1&story_id=44914 (1225 words)

	Asia Times: Beijing and Delhi the wise choice
		Virata says some of the Asian Wise Persons Group's discussions on Asia in the 21st Century were probably "even pessimistic", because of the economic pressures the region continues to face.
		Virata says it is too early to predict what Asia's economic map will look like, but the emergence of China and India and the recovery of Japan are key elements that countries - and businesses - in the region need to look at.
		Virata also quoted him as saying the growth of China's imports from Asia has been bigger than its exports to Asia.
	www.atimes.com /se-asia/CH04Ae01.html (1158 words)

	yehey! News
		Saying that full-year 2003 numbers were still being audited, RCBC vice-chairman and chief executive Cesar Virata said last year's net would be more than the PhP1.389 billion earned in 2002 and way above PhP1.1 billion which is what the bank expected to earn last year.
		Virata said the two life insurers have designated financial planners in bank branches.
		Virata said the group's main approach is to "help its clients through their life stages."
	www.yehey.com /news/print.aspx?a=63145 (500 words)

	PinoyOnBoard.com - The Presidency Is Serious Business
		Marcos received a telephone call from then Prime Minister Cesar Virata, who was also chairman of the Board of the Land Bank of the Philippines (LBP).
		Prime Minister Virata said that there was a pending application from a firm controlled by the said in-law of Mr.
		Virata to explain to this in-law that the bank was engaged in the business of financing land acquisition, as its name was the Land Bank.
	www.pinoyonboard.com /2004/0217_presidentialwit.html (658 words)

	Manila Standard Today -- RCBC, PPI clarify issues on trust fund -- September 02, 2005 (Site not responding. Last check: 2007-11-06)
		Rizal Commercial Banking Corp. vice chairman Cesar Virata said Bangko Sentral ng Pilipinas regulations require trustee banks to adhere and conform with the terms of their contract with trust clients.
		Virata also denied allegations that investment losses of RCBC Trust clients were transferred to any trust fund of PPI.
		Virata said Uniwide was one of the largest general merchandise retailers in the country at the time the loan was granted.
	www.manilastandardtoday.com /?page=business02_sept02_2005 (401 words)

	Into the Light
		More importantly, Tan benefits from his close association with the political and financial wizards behind the successful Estrada campaign, the same group, incidentally, that was also responsible for the fiasco that was Ramon Mitra’s 1992 bid for the presidency.
		Virata, Tan’s long-time financial adviser and the man he put in charge of PAL, is currently deputy treasurer of the ruling party and part of the president’s inner circle.
		Espiritu was among those briefing the tycoon at his private suite at the Sheraton on the progress of the Mitra campaign in 1992, says Mison.
	www.pcij.org /imag/PublicEye/lucio2.html (775 words)

	RCBC floats P4.5 billion capital notes to public
		RCBC chairman Cesar Virata said that the bank is offering a minimum investment of P500,000 per unit.
		Virata said the bank would be introducing this facility in the Manila market today (Thursday).
		Virata who was the former Prime Minister in the Philippine government during the Marcos time, said that the instrument would only be opened to the tax-exempted institutions such as foundations, retirement funds, and individuals.
	www.thefreeman.com /business/story-20030626-6979.html (632 words)

	Asiaweek.com
		Virata was once voted finance minister of the year by an international investors' journal.
		Virata says he expects to conclude everything "anytime now." Capitol Bank's owner, congressman Manuel Villar, who wants to become the speaker of the House of Representatives, had borrowed from RCBC to finance the expansion of his low-cost housing company CandP Homes.
		Virata wants to go further - RCBC ownership of the insurance and investment arms, or at least, cross-ownership among the main companies.
	www.asiaweek.com /asiaweek/98/0710/biz_1_main.html (1926 words)

	ABS-CBN Interactive
		RCBC vice-chairman Cesar Virata however warned that PEP may be "treading on dangerous grounds."
		But Virata said the new pre-need rules issued by the SEC in August 2001 did not require the amendment or re-documentation of existing trust agreements between the preneed companies and the trustee banks.
		Virata added that it was only a few months ago, in June 2005, that SEC required trustee banks of preneed companies to their trust agreements.
	www.abs-cbnnews.com /storypage.aspx?StoryId=14922 (984 words)

	The Manila Times Internet Edition \| BUSINESS > Yuchengcos to cut stake in RCBC (Site not responding. Last check: 2007-11-06)
		“The approach is whether we have a strategic partner; we’re still pursuing that,” Virata said on the sidelines of the Makati Business Club general membership meeting.
		Virata said some investment banks were interested to invest in RCBC.
		Virata said RCBC will still have a higher capital even if its shares will be diluted.
	www.manilatimes.net /national/2005/sept/23/yehey/business/20050923bus10.html (323 words)

	Loan Seen For Manila - New York Times
		The Government of the Philippines, after an unannounced visit here two weeks ago by Prime Minister Cesar Virata, may borrow an additional $100 million from the International Monetary Fund within the next couple of weeks, monetary officials here said today.
		Virata made proposals to the I.M.F.'s managing director, Jacques de Larosiere, designed to bring the Philippines economy back into compliance with an I.M.F. program that was signed last year.
		The Virata proposals have been discussed for the last two weeks at the staff level and are expected to form the basis of agreement probably around the time of the annual meeting of the I.M.F. in Seoul, South Korea, in early October, one monetary official suggested.
	query.nytimes.com /gst/fullpage.html?res=9F03EEDB1539F934A1575AC0A963948260 (234 words)

	ABS-CBN Interactive
		A number of local banks plan to expand their network in Metro Manila, and not outside the capital, said Cesar E. Virata, Bankers Association of the Philippines (BAP) president.
		He said at least four commercial banks have submitted their proposals to the BSP for the ongoing public consultation in the proposed lifting of the branch moratorium.
		We would like judicial process to be efficient so the bad assets can be transferred immediately," Virata said, adding that the BAP asked a modification in the rules of court pertaining bad asset disposal.
	www.abs-cbnnews.com /storypage.aspx?StoryId=19890 (1119 words)

	Rural Bankers Association of the Philippines - BAP calls for inclusion of tax assets in capital
		In a recent press briefing, BAP president Cesar Virata said that since the Philippines would adopt a new International Accounting Standard next year, the BSP must change the accounting treatment of these assets worth roughly 130 billion pesos.
		Under the new rule, the auditors and management will not be allowed to book a deferred tax asset unless there is a calculation it can be used in the future," Virata said.
		The BSP estimates that banks have an average of two billion to three billion pesos in DTA as the banks set aside funds to cover for possible losses from bad loans.
	www.rbap.org /article/articleprint/1399/-1/20 (273 words)

	Rural Bankers Association of the Philippines - OBU, FCDU tax exemption to lure foreign investments
		Bankers Association of the Philippines (BAP) President Cesar EA Virata, likewise, said the decision of the lawmakers to preserve the tax exempt status of OBUs and FCDUs will not only mean a steady source of dollars for the country but will only serve as a tool in boosting the development of the country’s capital markets.
		Virata cited that the healthy FCDU deposit level in 1997 was one of the reasons the country emerged relatively unscathed during the regional financial crisis.
		Both officials were reacting to the decision of the senators to pass on third reading of Senate Bill 274 sponsored by Senator Ralph Recto, calling
	www.rbap.org /article/articleprint/1402/-1/20 (362 words)

	The Manila Times Internet Edition \| REGIONS > Virata bats for parliamentary system for next administration (Site not responding. Last check: 2007-11-06)
		MALOLOS CITY—A parliamentary system of government is more efficient than a presidential system, allowing for faster resolution of critical issues such as the national budget, former Prime Minister Cesar Virata on Thursday said.
		The statesman said that during the time of the Batasang Pambansa, the parliament and the executive branch of the government represented by Cabinet members works hand in hand that allowed them to pass the general appropriation act by the month of September each year.
		As a Prime Minister to the late President Ferdinand Marcos, Virata noted the importance of coordination and unity between the legislative and executive branch of government.
	www.manilatimes.net /national/2004/jan/25/yehey/prov/20040125pro12.html (597 words)

	YEHEY!Finance \| Top Stories - When money matters (Site not responding. Last check: 2007-11-06)
		Bankers Association of the Philippines president Cesar Virata said the agreement with the BIR has been extended until Nov. 30 as the joint congressional oversight committee schedules meetings to settle the issue.
		The imposition of taxes on foreign currency deposit units (FCDUs) and offshore banking units (OBUs) resulted from the omission of the phrase “in lieu of” in the comprehensive tax reform program (CTRP) that was passed during the Ramos administration.
		Virata said a compromise on the tax will mean that the banks will have to pay at least 40 percent of what the BIR has assessed them and none are willing to pay something that was not due to begin with.
	www.yehey.com /finance/level3.aspx?id=60602 (355 words)

	[No title] (Site not responding. Last check: 2007-11-06)
		Cesar Virata, former Prime Minister of the Philippines.
		The Task Force had been established by the ASEAN Economic Ministers and the Ministers from the CER during their meeting in Singapore in October 1999.
		CESAR VIRATA - Chairman of the Task Force
	www.aseansec.org /11865.htm (401 words)

	RCBC to raise tier 2 capital issue to $100M (Site not responding. Last check: 2007-11-06)
		RIZAL Commercial Banking Corp. (RCBC) chief executive officer Cesar Virata said the bank would increase the size of its planned 10-year tier 2 capital-raising to 100 million dollars or 5.3 billion pesos from 3.6 billion.
		RCBC last year postponed its tier 2 issue indefinitely due to an expected poor market reception for this type of investment.
		Virata gave no timetable for the bank's tier 2 issue.
	money.inq7.net /breakingnews/printable_breakingnews.php?yyyy=2003&mon=01&dd=16&file=11 (98 words)

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