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Media Statement: On the Passing of DBP Director Miguel C. Abaya

The late DBP Director Miguel C. Abaya

The Development Bank of the Philippines (DBP) mourns the passing of Miguel C. Abaya, a member of the Bank’s Board of Directors. He was 85 years old.

Director Abaya was appointed by President Rodrigo R. Duterte on November 7, 2016. As a member of the DBP Board, he chaired the Board’s Risk Oversight Committee and held an important role in the Development Advocacy Committee, IT Governance Committee, RPT Committee and the Executive Committee. Director Abaya also sat as one of the members of the Board of Directors of DBP Service Corporation and the Al-Amanah Islamic Investment Bank.

Bringing his military proficiency to the fore, Brigadier General Abaya (AFP, Ret.) provided significant insights on economic and social development which guided the Board in making sound decisions, given DBP’s substantial involvement in the modernization programs of the Armed Forces and the Police.

 Brigadier General Abaya was a graduate of the Philippine Military Academy and a holder of a Masters Degree in Public Management from the University of the Philippines, Cebu. He also obtained a Postgraduate Degree in International Defense Management from the Naval Post Graduate School in Monterey, California.

Since 1982, Brigadier General Abaya has been a member of the Pi Gamma Mu International Honor Society in Social Sciences – University of the Philippines Diliman Alpha Chapter. He also served as Regional Commander of the Philippine Constabulary – Integrated National Police (PC-INP).

Fondly called by his colleagues as “General Abaya” or “General Miguel,” DBP will remember him as a Board Director who possessed unwavering integrity, a contagious dedication and work ethic, and a zeal for learning being a consistent academic achiever in his younger days.

He is survived by his wife Milagros Rendon Abaya, daughters Gemma Theresa Abaya Lustre and Sheila Angelica Abaya Maximo, and son Jomini Rendon Abaya; sons-in-law Joselito Lustre and Jonathan M. Maximo; daughter-in-law Leizl L. Abaya; grandchildren Anna Francesca, Chris Martin, Karlo Raphael, Jose Marco, Bea Katrina, Gene Janus, Luis Miguel, Ana Patricia, Anika Dominic, Andrea Dennise, Alec Daniel and Aliyah Dana; and great-grandson Cris Antonio.