Serge Osmeña eyes return to Senate


Posted at Oct 17 2018 02:07 PM

MANILA - Former Senator Sergio Osmeña III filed Wednesday his certificate of candidacy, seeking to bounce back from his defeat in the 2016 senatorial race.

A Sept. 1 to 7 Pulse Asia poll on voter preferences placed Osmeña in the 8 to 17 range. Twelve Senate seats are up for grabs in the midterm vote.

Osmeña ranked 14th in the 2016 senatorial race, blaming "widespread" cheating for his defeat. He did not file an election protest because he said it would be difficult to gather evidence to back his claim.

In the days leading to the election period, Osmeña led hearings on the hacking of Bangladesh Bank's account with the New York Federal Reserve, where $81 million was lost.

He is credited as author or sponsor of measures such as the new Insurance Code, the new charter of the National Electrification Administration, the new Rural Banks Act which allows foreign capital infusion in rural banks, the Anti-Money Laundering law, the Retail Trade Liberalization Act, Government Procurement Act, Securities Regulations Code, and the Electric Power Industry Reform Act.

Osmeña does not have a college degree but studied in Harvard University, Georgetown University and the University of the Philippines. His grandfathers, Sergio Osmeña Sr. and Esteban dela Rama were both former senators, and so was his father, Sergio Osmeña Jr.