I write this Wednesday
morning
Now that we have organized the Asian Reinsurance Pool I have laid the cornerstone of their building at the Ayala, Makati area with the Filipinas Life, FGU and Ayala & Co. advancing the cost, leased to them and ultimately owned by them. This is a private sector initiative we should encourage more.
I have convinced Enrique Zobel to release Ja[i]me Zobel to be Ambassador to the Court of St. James in London and for him (Enrique) to be my representative with four others (perhaps [Felipe] Baby Ysmael, Andy Soriano for U.S.)—with the rank of ambassador-at-large.
The Ayala group which is supposed to have purchased Victorias Milling but bought into Shell instead had done so because they were willing to allow the planters to
Official Gazette for July 21, 1970: President Marcos underscored the need for cooperation and understanding among Asian nations, in a speech delivered at the ceremonies laying the cornerstone of the Asian Reinsurance Building in Makati, Rizal.
“We must increasingly break down barriers of communication, fear and mistrust,” he told the audience which included representatives of 12 Asian insurance firms and governments, counting the Philippines, adding that the “tension that have convulsed our continent should be healed and understanding should be made to flow throughout the region.” Regional cooperation, he said, is the concern not only of Asian governments but of the Asian peoples, and should be the goal of both the state and private business.
Starting the day with his usual session with official papers, the President at about mid-morning hied himself to the ceremonial room to receive the papers of the new Australian envoy to the Philippines, Ambassador James Charles Ingram. In his remarks, the President noted the remarkable rapport between Australia and the Philippines, in the pursuit of common objectives designed to strengthen regional defense and cooperation. He also thanked Australia for the training it has given Filipinos in various industrial skills under the Colombo Plan.
After the formalities, the President relaxed with the Little League Baseball Team of the Philippines, who called to pay its respects before leaving to participate in a series of games to pick the Pacific Area representative to the world championship series in the US. The team members, accompanied by Felipe Monserrat, ranged in age 9-to-12, and included Salvador Salacup, Jimmy Bunaga, Armando Bunye, Elpidio Calinagan, Ramiro Carlos, Napoleon Esteban, Alejandro Prudo, Hermogenes Geli, Rolando Pacujan, Luisito Tolentino, Jr., Jesus de Mesa, Ramon Estipular, Fernando Dalmacio and Ramon Altaveros. The President asked the baseball sprites to be as topflight goodwill ambassadors for their country as they should be first-rate baseballers.
Aside from receiving an array of callers, notably Gov. Anacleto Alcala of Quezon province, the President inducted Vice Gov. Ramon Villalon, Jr. as acting governor of La Union while Gov. Juvenal Guerrero is abroad for about three months.Among those who witnessed the ceremony were Sen. Magnolia Antonino, Reps. Jose D. Aspiras and Joaquin Ortega, Mrs. Villalon, and close friends and relatives of the Villalons.
In the afternoon, the President interrupted his desk work to be guest of honor at the laying of the cornerstone of the Asian Reinsurance Building in Makati, Rizal.
In the evening, the President and the First Lady, Mrs. Imelda R. Marcos, honored Asian insurance commissioners and local insurance executives at a simple reception.
buy Victorias. But they had a study on the conversion of the mill into a fiber glass and plastic factory. Enrique claims that their studies indicated a 40% additional profit.
We must consider this as an alternative and step to diversification of our sugar industry.
Had the Vienna Boys Choir for a children’s party at Maharlika Hall while I was giving the Asian Reinsurance group cocktail.