How the Cojuangcos got majority control of Hacienda Luisita

When the Comprehensive Agrarian Reform Program (CARP) was implemented in Hacienda Luisita in 1989, the farm workers’ ownership of the hacienda was pegged at 33%, while 67% was retained by the Cojuangcos.

The 33-67 split was based on the valuation of the capital each party injected into the new company. The farm workers’ capital, made up of the hacienda’s 4,915.75 hectares of land, was valued at P197 million (P40,000 per hectare). The Cojuangcos’ capital, made up of non-land assets, was valued at P394 million. The ratio of P197 million to P394 million is 33:67.

A sign Villar is gaining: Foes ganging up on him

BINABATO: Just by the way the big boys on the other side of the fence have been ganging up on him, it is obvious that Sen. Manny Villar, Nacionalista Party presidential bet, is rising fast in the surveys and on the campaign trail.

Everybody, including survey frontrunner Sen. Noynoy Aquino, Liberal Party presidential candidate, appears threatened by Villar’s surge. The LP camp has joined the gang war against Villar.

Sabi nga nila, ang punong hitik sa bunga ay siyang mas madalas binabato. (The tree most heavy with fruit is stoned most often.)