MERGED: All About Hacienda Luisita and related issues

[s.n.m.p.]

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DAR junks stock scheme for Hacienda Luisita farmers

First posted 12:56pm (Mla time) Sept 30, 2005
By Blanche Rivera
Inquirer News Service



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AGRARIAN Reform Secretary Nasser C. Pangandaman has junked the Hacienda Luisita stock distribution option (SDO) because of alleged violations in the 1989 agreement between the owners of the land and the 5,000 farmers.

It will now be up to the Presidential Agrarian Reform Council (PARC) headed by President Gloria Macapagal-Arroyo to decide what to do with the 5,000-hectare land, which the Cojuangcos own, Pangandman said.

He is confident that the PARC will uphold his decision to revoke the SDO, which a special legal team of the Department of Agrarian Reform (DAR) had recommended.

The SDO allows landowners, who run their farms as corporations, to distribute shares of stock to farm workers in lieu of a land transfer.

[s.n.m.p.]

Kini dakung kumbate ni. GMA vs. Cory. Abangan. Tanawon ta kung makaya ba sa DAR ang Hacienda Luisita.

[Spec-V]

[img width=183 height=200]http://www.coolquiz.com/trivia/explain/docs/images/snoring.gif[/img]

[darkwing]

its about time if you ask me, dunno why this escaped CARP, it took some killin' to make it start workin'

[giddyboy]

Cory’s soured azucarera

Cocktales by Victor C. Agustin

CORAZON Aquino is battling public demons in public governance. But, within her family hacienda in Tarlac, the question of management competence and tangled familial relationships continue to threaten the viability of the family’s publicly-listed Central de Azucarera de Tarlac.

“The ability of the company to continue as a going concern depends on the successful implementation of its planned initiatives to increase revenue and reduce costs, the finalization of the ongoing settlement of its liabilities with creditor banks and settlement of the inter-company accounts with related parties,� said SGV auditor Belinda Fernando in reviewing the 2007 operations of Central Luzon’s biggest sugar miller and refinery.

Despite a near-monopoly status, cornering 61.22 percent of total Central Luzon sugar cane harvest for 2006-2007 crop year, the Cojuangco azucarera still doubled its 2007 loss to P175.89 million from the previous year’s P87.48 million.

The bright side? The 2007 loss was smaller than 2005’s nearly P549 million of red ink.

Yet, despite the continuous and larger losses, the family-controlled Jose Cojuangco and Sons Inc., the azucarera’s general manager, even saw its management fee increased to P7.2 million for 2007 from P4 million the previous year.

The management fee is on top of the modest P7.8 million in total compensation the 81-year-old chairman/president, Pedro Cojuangco, and top management received for that year.

Incidentally, the Cojuangco patriarch also happens to be the president of Jose Cojuangco and Sons, as well as that of Hacienda Luisita, the Cojuangco family’s sprawling hacienda that supplies the bulk of sugar cane milled by the azucarera...

for the complete article:

http://www.manilastandardtoday.com/?...ess5_mar5_2008

[godsaint]

This is clearly a pamahid uling nga thread.Dugay namn kaau ni nga issue but still dapat pud tagaan sa pagtagad.

[giddyboy]

This is clearly a pamahid uling nga thread.Dugay namn kaau ni nga issue but still dapat pud tagaan sa pagtagad.

bag-o ni bro oi. march 5, 2008 ni. knanglan sab btaw ni ug dakong pagtagad.that's why i posted this topic...Phils is (or was) one of the best sugar producers in the world...but now with this turn of events, ambot nlng...unsaon nlng atong Biofuel Act ani (adding ethanol to fuel). ethanol is a product of sugar fermentation...

as we all know, Central de Azucarera de Tarlac is cornering 61.22 percent of total Central Luzon sugar cane harvest for 2006-2007 crop year. That's big!!! Losses for this company is also a big loss for the entire Phil sugar industry...

[Rance]

This is clearly a pamahid uling nga thread.Dugay namn kaau ni nga issue but still dapat pud tagaan sa pagtagad.

But did the Aquino's give the land to the farmers? wala
Mau na si Cory ni sayaw na sad sa EDSA kuno with ERAP mga bagag naw'ng!

[lestat1116]

OH WELL! every president has a story. wats next ramos's billions?

[cebu-future]

Cory Kong baga ug nawong! ahaha