Deal #9829 Version #93142

In 1974, the 9,915 hectares of ancestral lands of the Molbog and Palaw'an Indigenous tribe was converted into a hybrid coconut plantation and nursery project. In 1981, the company owned by the Cojuangco's extended their project on the fishing grounds spanning 8,388.2 hectares was taken over to establish the Jewelmer Corporation's pearl farm,

In 1974, the 9,915 hectares of ancestral lands of the Molbog and Palaw'an Indigenous tribe was converted into a hybrid coconut plantation and nursery project. . In 1981, the company owned by the Cojuangco's extended their project on the fishing grounds spanning 8,388.2 hectares was taken over to establish the Jewelmer Corporation's pearl farm the San Miguel Corporation (SMC) is transforming Bugsuk Island and other nearby Islands into a 25,000 hectare, 20Km long white beach resort. RS already shows a airport strip being created.

Many of the beach front properties had been bought by different officials to be converted to residences or tourism spots. For the plantations, lease agreements with the government had been agreed upon for for large land areas of up to 28,000 hectares.

In 1972, local Pala'wan IPs noted the abrupt arrival of a helicopter with scientists and soldiers looking to test if the soil was good for development. In 1974, the 9,915 hectares of ancestral lands of the Molbog and Palaw'an Indigenous tribe was converted into a hybrid coconut plantation and nursery project. It was then expanded into a pearl farm in 1981 in 2023, there were reports from local community partners that that the San Miguel Corporation (SMC) is transforming Bugsuk Island and other nearby Islands into a 25,000 hectare, 20Km long white beach resort.

According to the local IP's, the project began operations in 1974 as a coconut farm, when they were denied access to their ancestral land. It was then expanded to a pearl farm and now planned to be a white beach ressort