Comments on: FOBcast – Third World Tech Talk and a lot of dicking around

By: PilipinoPoAko

PilipinoPoAko — Thu, 04 Mar 2010 11:00:00 +0000

HOW, REALLY, DID MANUEL BAMBA VILLAR, JR. GET TO BE RICH? It may bear and serve the Filipino nation well to investigate and know that Manny Villar may actually have broken through from Tondo-ragged accountant to billionaire-rich presidentiable by allowing himself to be used as a foreign investor’s dummy in the Philippine real estate business. You see, the conduct of real estate business in the Philippines is made exclusive by law to Filipino citizens, necessarily because its affairs involve sensitive issues that affect territory, patrimony, and national security. Wasn’t that a debonair American who was smilingly visible every day at the offices of Crown Asia, Inc., way back before the Villars became political aspirants? Unfortunately, sighting American presence at the Crown Asia, Inc. organization deteriorates to zero visibility in hot election weather, especially nowadays! As Manny Villar embarked on a political career, it naturally became strategically imperative to avoid flaks of damaging controversy about being economically beholden to foreign influence, especially from nationalist camps of the likes of then Senator Teofisto Guingona Jr. who was one among legislators instrumental in passing general law limiting conduct of real estate business in the Philippines to Filipinos only. In fact, it was from 1997 to 1999 that the bespectacled, middle-aged, happy American investor (silent or express?) of Crown Asia, Inc. was last regularly observed at the 18th Floor of Cityland Herrera Tower. Most of us often have “humble,” sometimes “rotten,” beginnings; yet being transparent about such beginnings can do more good than harm. The key to the answer may reach as far back as auditing days at SGV, or perhaps good Senator Manuel Villar would like to comment on this matter at this time?

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