Americans brought the centrifugal-based machinery which doubled the production of the estate and therefore did not require the cane to be loaded onto a truck to Laguna to be squeezed in the haciendas there, including those of the Roxas and Zóbel families.
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Hacienda Luisita is a sugar plantation located in the province of Tarlac, Philippines, owned by the Cojuangco family, which includes the late former President Corazón C. Aquino and her son, incumbent President Benigno S. Aquino III.
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The José Cojuangcos acquired the property in 1958 through a loan from the Government Service Insurance System and a dollar loan from the Manufacturers´ Trust Company of New York, which was guaranteed by the Central Bank of the Philippines, with consent from Miguel Cuaderno, its governor.
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In 1976, First United Bank, the banking concern Pepe built on his own after his ouster from the family owned Bank of Commerce which he saved from bankruptcy decades ago, was sold for an amicable amount to his nephew, Danding Cojuangco, who was then close to President Marcos, with both mothers being Ilocanas notwithstanding.
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At Bank of Commerce, where he and his brother Juan "Itoy" Cojuangco and nephews Ramon Cojuangco (later of PLDT; son of brother Antonio Cojuangco Sr) and Danding Cojuangco (eldest son of deceased brother Eduardo Cojuangco Sr) each owned equitable stakes, the last three factions planned a coup d’ etat by toppling him from the presidency of the said bank.
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Some blamed Danding Cojuangco since owning the hacienda would complement San Miguel and Ginebra’s ethyl, molasses and sugar needs.
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One, it helped that their cousin Danding Cojuangco was the de facto kingpin of Tarlac and his kind mother Josephine Murphy-Cojuangco was still cordial to them.
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In fact, Pepe and his wife Metring were not able to send Pepe’s younger brother Eduardo Sr. (Danding Cojuangco’s father) to the United States for treatment for the mere fact that they could not exchange their pesos to dollars.
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Fearing the López might become too powerful after already owning Meralco, Negros Navigation, Manila Chronicle, ABS-CBN, various haciendas in Western Visayas and then the nearby PASUMIL consortium in del Carmen, Pampanga that they purchased from the Americans, the President offered the property to José Cojuangco, nicknamed "Pepe" through Magsaysay protégé and Cojuangco's son-in-law, Benigno Aquino.
The Haçienda | Hacienda San Antonio de Petrel | Yorba Hacienda | Hacienda Luisita | Hacienda Hotel | Hacienda Arms Apartments |
Despite the implementation of CARP, Aquino was not spared from the controversies that eventually centered on Hacienda Luisita, a 6,453-hectare estate located in the Province of Tarlac, which she, together with her siblings inherited from her father Jose Cojuangco (Don Pepe).
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Hacienda Luisita, owned by the Cojuangco family, which includes the late former President Corazón C. Aquino and her son, current President Aquino, has been a notable case of land reform.