Manila Mayor Joseph Estrada and political ally Vice President Jejomar Binay are at odds this Valentine’s after the former Philippine president failed to get the latter’s outright approval to re-develop the iconic Central Market in his city. Estrada wanted to enter into public-private partnership with SM Development Corp. which has offered to rebuild the Central Market in Sta. Cruz, Manila into a 3-level structure with a grocery on the ground level and roof-deck parking. However, the city of Manila has no rights over the property that prevents the local government from developing the market, according to Home Guaranty Corp. (HGC), which owns the property. HGC is a shelter agency under the Housing and Urban Development Council (HUDCC) that is headed by Binay. It provides government guarantees for loans that bankroll housing projects. - Umagang Kay Ganda, 14 February 2014
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