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Hacienda Luisita
Hacienda Luisita
Aulmo
BSN 3A1
The Spanish owners was pushed to sell the hacienda because of the
rebellion of the Hukbalahap. But then, Ramon Magsaysay blocked the
selling of the Hacienda to the Lopezes because it will only make them more
powerful. So Magsaysay offered the land to Jose Cojuangco or Pepe. He
purchased it through a loan from the GSIS and a dollar loan from
the Manufacturers Trust Company of New York, which was
guaranteed by the Central Bank of the Philippines and he anaegd
the land with the help of the late Ninoy Aquino.