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Awarding of the Plaque of Recognition to the founding Chairman of the Board of Investments (BOI), Cesar E.A. Virata. The agency commemorates the man who successfully executed the daunting tasks of planning and creating an investments promotion agency from scratch at the 48th Anniversary of BOI held at the Legaspi 2 Room, Makati Diamond Residences. Virata’s name resonates within the realm of business and economics and a figure to reckon with among the statesmen in the Philippine politics. He was the founding Chairman of the BOI from 1968-1970. He paved the way for the implementation of measures to build an efficient and technically competent agency with unquestionable integrity. The event was attended by representatives from various sectors such as Industry Associations, Investment Promotion Unit (IPU) Network Member Agencies, and Chambers of Commerce. Along with the plaque was a monolithic glass sculpture that depicts clarity, transparency, and simplicity made by renowed artist, Impy Pilapil. The distinguished guest of honor was joined in a photo opportunity by the BOI officials. (From left to right: DTI Assistant Secretary Rafaelita M. Aldaba, BOI Governor Lucita P. Reyes, DTI Undersecretary Ponciano C. Manalo, Jr., former Prime Minister and BOI Chairman Cesar E.A. Virata, DTI Secretary Gregory L. Domingo, Undersecretary & BOI Managing Head Adrian S. Cristobal, Jr. and former BOI Managing Head Cristino L. Panlilio). (DTI-PRU)