Cojuangcos may give up Luisita—Noynoy

Saturday, September 12, 2009

By Philip Tubeza
Philippine Daily Inquirer

MANILA, Philippines — After more than half a century of ownership, the influential Cojuangco family might eventually have to leave Hacienda Luisita, their vast sugar estate in Central Luzon, due to the labor disputes that continue to plague it, Senator Benigno “Noynoy” Aquino III said Saturday.

Aquino, the expected standard-bearer of the Liberal Party in the 2010 elections, said that his family has incurred a large debt due to the labor disputes and that he expects these troubles to continue if the family does not relinquish control of the 6,400-hectare property.