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Leonides Sarao Virata
Leonides Sarao Virata (April 22, 1918 - July 14, 1976) was one of the most respected economists in the Philippines. During his lifetime, he served as executive officer of various government and private companies in the country. He was appointed the Secretary of the Department of Commerce and Industry from 1969-1970 and then Chairman of the Development Bank of the Philippines from 1970 till his death in 1976. He hailed from the city of Imus in Cavite province.
== Early life and education ==
Leonides Sarao Virata was born in Brgy. Medicion II in Imus, Cavite on April 22, 1918. According to family members, the original family name was Bautista. Sometime during the 1896 Philippine revolution, a forebear changed the surname to Virata, taking the name of the character King Virata from the Indian epic ''Mahabharata''. His elder half-brother, Dr. Enrique Topacio Virata (who married Leonor Aguinaldo, daughter of Gen. Baldomero Aguinaldo) was the father of Cesar Virata, the former Prime Minister of the Philippines.〔("The Families of Old Cavite" ). Remembrance of Things Awry. Retrieved on 2013-07-13.〕 Virata was also a relative of Leonardo S. Sarao, an automotive designer and founder of Sarao Motors, the maker of jeepneys known internationally as a symbol of Filipino culture.
Virata obtained his Law degree in 1940 and Business Administration degree, ''cum laude'', in 1941, both courses from the University of the Philippines. He did graduate work at the Harvard University, the University of Chicago, and Northwestern University.〔Quirino, Carlos. Who’s Who in Philippine History. Manila: Tahanan Books, 1995〕
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