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Villar Pays Tribute To UP Business School on its 100th year

The country's 12th richest person says being among the best and brightest inspired him to dream big for the Philippines
By Entrepreneur Staff |

When former Senate President Manuel B. Villar Jr. entered the University of the Philippines College of Business Administration (now the Virata School of Business) in the late 1960s, he recalled that his dreams were rather simple. Foremost among his goals were business success and uplifting his family's fortunes, said the head and founder of Vista Land and Lifescapes, one of the country's biggest property developers.



But a few years' stay at the college changed all that, thanks to being surrounded by idealistic students at a time of political ferment. "Ang pangarap ko lang ay magkaroon ng magandang maliit na negosyo. Pangarap ko sa buhay, maging matagumpay, yumaman ng kaunti. Pero bakit kaya 'yung mga kasamahan ko dito sa UP ay nangangarap na baguhin ang ating bansa at baguhin ang mundo."  (All I wanted was to build a small but nice business. But my contemporaries at UP wanted to change the Philippine and change the world.)




Villar reminisced about his days as an undergraduate in UP when he spoke last December 3 during an alumni homecoming and public lecture on public service to commemorate the founding of the UP College of Business Administration a hundred years ago in 1916. The college was renamed in 2013 after Cesar E. A.Virata, the dean of the college from 1960 to 1967 who went to serve as finance secretary and prime minister in the 1970s and 1980s.


Villar, who ran unsuccessfully for Philippine president in 2010, graduated from the college in 1970 with a Bachelor of Science in Business Administration (BSBA) degree. He finished his Master's in Business Administration (MBA) degree in 1973 also in the college. His wife, incumbent Senator Cynthia Villar, also got her BSBA and MBA degrees from the college. He stands as a rare exception in a country where most of the richest persons descended from either Spanish or Chinese families.


He recalled that the student activism in the late 1960s had a big influence on him, adding that he joined some of the anti-government marches to Malacañan during the First Quarter Storm of 1970. "It was my encounter with the best and the brightest in the country that allowed me to dream big," he said. "Sure, I still want to give my family a better life but I realized that as I work on this I can also fight for better lives of my neighbors, my community, my country."




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