Villar pressure on PSE to okay stock offering bared
By Norman Bordadora, Tetch Torres, INQUIRER.net, Philippine Daily Inquirer
Manny Villar 2010 Presidential Campaign Latest News and Updates as of April 24, 2010 8PM GMT Singapore / Malaysia
Nacionalista Party standard-bearer Senator Manuel Villar earned P26 billion – P5 billion of which he supposedly earmarked for his presidential campaign – from an allegedly irregular transaction in 2007 involving his holding company’s shares.
Former president Joseph Estrada and Senate President Juan Ponce Enrile made this disclosure in a news conference on Thursday morning.
Presenting minutes of the Philippine Stock Exchange discussions in 2007 on Villar’s Vista Land and Lifescapes, Inc., Enrile said Villar appeared in a regular meeting of the PSE board and then had a caucus with them in June 2007.
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Manny Villar – 2010 Presidential Bid Campaign Challenges
Manny Villar 2010 Presidential Campaign Latest News and Updates as of April 24, 2010 8PM GMT Singapore / Malaysia
2010 Presidential Candidate Manny Villar
At the early stage of Philippine National Election campaign which was started on February 9, 2010, Manny Villar was gaining momentum with his expensive campaign ads over TV, news papers, radio, internet, billboards, etc. In fact there were times where he and Noynoy were technically tied based on popular surveys conducted by survey giants. But as of this writing, and as the campaign advances, Noynoy Aquino started to pull away from the pack of 10 presidential candidates. Thanks and no thanks to his teams effort of digging deeper and exposed truths about Manny Villar’s seemingly exaggerated story about his life’s drama.
Here are some of the issues that many thinks, contributes to the weakening campaign of Manny Villar to become the next president of the Philippines.
The C-5 Road Extension Project
The C-5 Extension Project issue is undoubtedly poisoning to death the political ads of Manny Villar in the minds of viewers and electorates, thus, putting his campaign into a downward spiral. And it seems Manny Villar and his team can’t find an effective antidote to it.
With all the evidences presented and mentioned, only those who are not properly informed, and perhaps those benefiting from Manny Villar’s billions won’t believe the allegations. They can fool themselves, but not the Filipinos who have been thinkers and keenly observers.
Watch Winnie Monsod discussing the similarities and differences between C5 road extension project (Manny Villar involvement) and SCTEX (Noynoy Aquino involvement)
Watch Winnie Monsod discussing C5 road extension project in detail
The Villarroyo Conspiracy Theory
It is as clear as crystal that the GMA administration has a hand in the C-5 project, and that the double insertion of budget allocation to fund it is true after all. Add the situation that Gibo Teodoro is hardly winning the presidency because of many factors, then, the theory of a Villar – Arroyo (Villarroyo) conspiracy is strongly becoming believable. Why? Only Manny Villar has the chance of winning the presidency aside from Noynoy Aquino based on popular surveys. And only Villar can easily make compromises just to make his ambition a reality no matter what it takes.
Todate, Manny Villar has no clear answers for all the accusations thrown at him.
The Villar is a Liar Rhyme
The first time I saw Manny Villar interviewed in TV – mentioning about his rags to riches story – nobody in his right mind will not admire him. And I did admire him as someone who came from poverty, and now, a billionaire. But now that the truth about him was digged and exposed, my admiration to him was totally gone with the wind. He is now being called Villiar. Manny Villar is fooling us with his ads implying that he experienced swimming in floods full of garbage. Why fooling us? Because it turned out that Manny Villar’s teenage life wasn’t as hard as he is telling us through TV ads. While it’s true that He lived in Tondo, Manila, it is not true that their family lived poor because their house was a 3 story building. Adding insult to injury, Manny Villar studied in private schools from elementary to college.
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Manny Villar – His Political Career
Villar entered politics in 1992, and was elected to the House of Representatives, representing the district of Las Piñas-Muntinlupa (and later the district of Las Piñas City). In 1998, he was chosen Speaker of the House of Representatives.
2010 Presidential Candidate Manny Villar
On November 13, 2000, Vilar presided over the impeachment of President Joseph Estrada, paving the way for the elevation of the articles of impeachment to the Senate.Villar was elected to the Senate in 2001. At the start of legislative sessions, Villar was chosen as Senate President Pro Tempore, a position he held until 2003.
In February 2004, he was elected as President of the Nacionalista Party, the country’s oldest political party. He was also named the Most Distinguished UP Alumnus—the highest recognition given by the UP Alumni Association—for his exemplary public service and achievements. After the 2004 elections, he initially planned to run for the Senate presidency but agreed to let the incumbent, Franklin Drilon, finish his turn as Senate President until June 2006. Honoring the said agreement, his fellow senators unanimously elected him as Senate President on July 24, 2006.
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Manny Villar – His Corporate Employment Career
Being a graduate in business management, MAnny Villar tried his hand as an accountant at the country’s biggest accounting firm, Sycip, Gorres, Velayo & Co. (SGV & Co.). Villar resigned shortly for him to venture on his own seafood delivery business. But as a starter, he experienced a failure in doing business when a restaurant he was delivering stocks to did not pay him. Manny Villar did not give-up easily, instead he printed out “meal tickets” which he persuaded the restaurant owners to honor. Manny then sold these tickets at a discounted price to office workers. It took Manny Villar one year to liquidate his receivables.
Manny Villar worked briefly as a financial analyst at the Private Development Corporation of the Philippines. His job was to sell World Bank loans; despite their attractive rates there were no takers. Convinced that he could make it on his own again, he quit his job and promptly availed of one of the loans.
Manny Villar – His Corporate Business Career
Manny Villar’s prominence did not come easy. He started as a low profile businessman in 1975 with an initial capital of P10,000. Manny Villar purchased two reconditioned trucks and started his sand-and-gravel business in Las Piñas. Manny Villar then went on to establish one of the largest development firms in the Southeast Asian region, the Camella & Palmera Homes. Originally low-end developers, the company has recently started selling more high end homes under the Crown Asia brand name, although criticism have been voiced in the press of many such developments in Cebu, Cagayan de Oro and Davao.
Manny Villar earned citations such as the Ten Outstanding Young Men in 1986, the Agora Award for Marketing Management in 1989, Most Outstanding CPA by the Institute of Certified Public Accountants in 1990, and Most Outstanding Alumnus in 1991.
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Manny Villar – His Personal Profile
Manuel “Manny” Bamba Villar, Jr. was born on December 13, 1949. Manny Villar, now a Senator and a Presidential candidate for 2010 Philippine National Election, is a Filipino businessman and obviously a politician. Villar is the President of the Nacionalista Party and a member of the Senate of the Philippines. Villar was Speaker of the House of Representatives from 1998 to 2000—in which capacity he presided over the impeachment of President Joseph Estrada—as well as President of the Senate from 2006 to 2008.
Manny Villar became the Senate president at the beginning of the Third Regular Session of the 13th Congress, as part of a power-sharing agreement with his predecessor Sen. Franklin Drilon. On November 17, 2008, Manny Villar resigned due to lack of support in the Senate citing C5 road extension project where he was allegedly directly benefited.
Manny Villar is recognized as the richest legislator in Philippine history where he was consistently the richest congressman from 1992 to 2001 and richest senator from 2001 until 2008 with a net worth of P1.04 billion. On the Forbes Magazine released October 2007, its list of “The Philippines’ 40 Richest”, he is ranked 5th and the year’s biggest gainer. From $110 million last year, his net worth shot up 755% to $940 million after the public offering of his company Vista Land & Lifescapes.
Sen. Manny Villar is married to is Cynthia A. Villar, another lawmaker in the lower house of congress who represents the lone congressional district of Las Piñas. Manny and Cynthia Villar are blessed with two sons (Paolo and Mark) and a daughter (Camille).
Manuel Villar’s father is Manuel Montalban Villar, Sr., a government employee, hailed from Cabatuan, Iloilo and his mother Curita Bamba, a seafood dealer, came from Pampanga and Bataan. The second of nine children, Villar attended Holy Child Catholic School and started selling seafood at the Divisoria Market at an early age.
When Manny Villar was still student, he has been a hardworker by working part time. Manny also put in long hours as a fish and shrimp trader: working where the action starts early in the morning, probably 3AM – when the freshly caught seafood arrives at market grounds. As a student, Manny Villar was able to put himself through school by finishing his studies at the University of the Philippines where he earned his Bachelor of Arts and Master of Arts degrees in Business Administration.
