Everything you've wanted to know about RP politics, but were afraid to ask.

Erap says 3 witnesses willing to testify vs Villar

Posted by akosistella on April 26, 2010


CAGAYAN DE ORO CITY, Philippines – Former President Joseph Estrada said he has three witnesses who can prove that Nacionalista Party presidential candidate Manuel Villar Jr. had used his influenced as Senate president to convince officials of the Philippine Stocks Exchange to allow him sell billions of pesos in shares in a real estate firm in 2007.

Estrada, the standard-bearer of the Pwersa ng Masang Pilipino said the three witnesses who fed him the information six months ago are willing to testify against Villar. He declined to name them.

 “One of them is a businessman,” he said. “They lost almost 20 to 30 million (pesos). They are simple businessmen.”

via Philippine Star.


Vista Land outlook far from bearish despite controversy

DESPITE the controversy hounding it, market analysts are far from bearish on the real estate company of presidential contender Manuel Villar, with one securities firm prodding investors to give the “cheapest property stock” in town a second look.

Vista Land & Lifescapes Inc. shares —bearing the symbol VLL—fell to a low of P1.78, but quickly recovered to close at P1.90 apiece last Friday.

This was a day after former president Joseph Estrada, who is also seeking the country’s top elective post next month, claimed Villar, a senator, weighed on the Philippine Stock Exchange (PSE) to bend listing rules so he could cash in on his stock in 2007.

via Manila Times


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