A former chair of the Philippine Stock Exchange, Lim had hoped to be enshrined in the National Basketball Hall of Fame.
He saw action with the national team in the 1952 Helsinki Games and the 1956 Melbourne Olympics . He was also a member of the national squad which won the 1954 Manila and 1958 Tokyo Asian Games and the 1960 Asian championship.
His remains lie in state at the La Salle Greenhills. They will be transferred to the Abbey of San Beda College.
Masses will be said every noontime and 7 p.m. Interment will be on Sunday at the Loyola Memorial Park in Marikina City after the 2 p.m. mass at San Beda Abbey.