Political life
After the reorganization of local governments and the ratification of the 1987 Constitution, he ran for the position of Governor for the province of Cebu in 1988 and won. He held the position from 1988 to 1992. During his term as Governor of Cebu, Osmeña was able to increase the provincial budget to 1 billion pesos per annum. He made possible the construction of flyovers and causeways, and purchased heavy equipment that caused the opening and maintenance of several barangay roads and bridges as well as the farm-to-market roads. Osmeña launched a Water Distribution Program in the entire island, making water available to 90% of the population, as opposed to the 56% before his incumbency. Osmeña initiated the modernization of Cebu’s International Airport. He also initiated direct flights from Cebu to the different parts of the world. He was elected as Chairman of the League of Governors of the Philippines from 1990 to 1992.
After Fidel Ramos bolted the LDP in 1992, he invited Osmeña to his new party Lakas Tao and offered to be his running mate in the May 11 elections. Osmeña accepted Ramos’ invitation and accepted his offer citing his vision to follow his grandfather’s footsteps. He however lost to Joseph Estrada in a 7-way race for Vice President.
Osmeña served as Executive Vice President of Lakas-NUCD and Chief Economic Adviser of President Fidel V. Ramos from 1993 to 1997.
After hearing news about Jose de Venecia’s nomination as president in the Lakas-NUCD convention, he bolted the party and formed his own party he called PROMDI Party (Probinsya Muna Development Initiative or Provinces First Development Initiative). With Ismael Sueño as his running mate, he ran for the position of President in the 11-way presidential election but lost to Joseph Estrada.
Osmeña returned to private life after the elections handling the party he founded as a party-list party. In the House of Representatives, the party was represented by Joy Augustus Young. Osmeña did not run in the 2004 elections and supported his former political rival Raul Roco for president. His party was disqualified in the party list elections, citing that the party was a political party. The party field candidates in the local elections in Cebu.
Source : http://en.wikipedia.org/wiki/Emilio_Mario_Osme%C3%B1a