All roads lead to Villars?
Mark Villar, son of real estate magnate Manuel “Manny” Villar and incumbent Senahas accepted President-elect Rodrigo Duterte’s offer to be his public works and highways (DPWH) chief.
The newly-reelected Las Piñas representative said in a statement on Tuesday, May 17 that he is humbly accepting the offer following consultations with his family and constituents.
Before entering politics, Villar was president of Crown Asia, one of the companies under his family's conglomerate, Vista Land. His father, the president and CEO of Vista Land, recently said that federalism—one of the campaign promises of Duterte—would likely benefit property developers.
The elder Villar, president of the Nacionalista Party (NP) signed a "coalition for change agreement" with Duterte's Partido Demokratiko Pilipino-Lakas ng Bayan (PDP-Laban) on May 16.
Most of netizens’ reactions (even of apparently Duterte supporters) to the news are not welcoming, citing the conflict of interest involved since the Villars are into the real estate business.
Some even recalled the controversy over his real estate companies’ interests in the Las Piñas-Parañaque link road and the C-5 road extension projects.
Expanding clout in pharmacy business
Robinsons Retail Holdings Inc. (RRHI) of the Gokongwei group has acquired a majority stake in The Generics Pharmacy (TGP) from the Liuson family.
RRHI said in a disclosure to the Philippine Stock Exchange on Tuesday that it had acquired a 51% stake in TGP. TGP has over 1,800 stores across the country.
Combined with RRHI’s South Star Drug, this newest acquisition will put the retail drugstore network of the Gokongwei group to nearly 2,200 stores nationwide.
Related: How Dahlia Dy brought South Star Drug from Naga City to nationwide – Lynda C. Corpuz