Deal #9829 | Version 93142 | Version 95067 |
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General info | ||
Size in operation (production) |
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Comment on intention of investment | 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. | 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. |
Comment on nature of the deal | 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. | 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. |
Negotiation status |
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Employment | ||
Comment on jobs created (domestic) | Rather than employ locals, there are much cases of eviction from the current area of operation that lcoals in their areas of work. Originally, they had been evicted from their fishing/farming lands and resorted to seaweed farming. However, they are now being evicted from their area of residence once again which will make their work much harder | Investors have evicted locals from their place of work rather than employing them. |
Investor info | ||
Local communities / indigenous peoples | ||
Comment on communities / indigenous peoples affected | Members of the indigenous Palaβwan and Molbog tribes, as well as long-time resident small fishers, in the areas surrounding Bugsuk Island in the Municipality of Balabac in Southern Palawan. | Members of the indigenous Palaβwan and Molbog tribes, as well as long-time resident small fishers, in the areas surrounding Bugsuk Island in the Municipality of Balabac in Southern Palawan. |
Comment on community reaction | As this land investment has progressed, locals have all been vocal of their dislike of SMC's presence on the island due to the unjust land grabbing and treatment occurred to them. | As this land investment has progressed, locals have all been vocal of their dislike of SMC's presence on the island due to the unjust land grabbing and treatment occurred to them. |
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Produce info | ||
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Meta | ||
Locations | ||
Location #DVAxqq0u | ||
Spatial accuracy level | Approximate location | Exact location |
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Contracts |