Ph Supreme Court rules on Hacienda Luisita – values vast plantation at a measly P200 million
It’s final. To the plea of Hacienda Luisita Inc (HLI) that its vast plantation in Tarlac is worth P5 billion, the Philippine Supreme Courte voted 8 to 6 for a final valuation just short of P200 million. This is based on an assessment of P40,000 per hectare made in 1989 when the Department of Agrarian…