Villar concedes defeat in election, congratulates Aquino III

14:51, May 11, 2010      

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Philippine Nacionalista Party standard bearer Manuel Villar Jr. conceded on Tuesday morning to Benigno Aquino III, Liberal Party's presidential candidate, after partial results showed Aquino leading the race.

Presidential frontrunner Senator Benigno "Noynoy" Aquino III speaks in front of his election campaign poster during a news conference in Tarlac province, in northern Philippines May 11, 2010. Aquino was poised for a decisive victory in elections in the Philippines on Monday despite technical problems which caused long delays but did not derail the polls as feared. His running mate Mar Roxas is seen on the right in the poster.

"It was a fight well fought. My fellowmen, the Filipino people have already decided. It's now clear that despite our efforts, we were not blessed to win on Monday's elections," Villar said in a news conference in Metro Manila.

"I congratulate Senator Noynoy Aquino on his victory. The challenges he and our country faces are enormous and we should all work together," Villar added.

Aquino is leading the presidential race with 12.3 million votes followed by former Philippine president Joseph Estrada who garnered 7.75 million votes as of 6:15 a.m., the unofficial canvass of Philippines' Commission on Elections showed.

Villar was far third with 4.33 million votes.

The businessman-turned-politician said he was saddened by all the black propaganda hurled against him and expressed hope that he would be given the chance to clean his name.

Villar has been accused of using his political influences to forward his own business interest.

Source: Xinhua


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