Lease contracts covering millions of hectares of agricultural lands signed by the Philippines Department of Agriculture with foreign entities during the Arroyo administration are currently being reviewed to determine if they are in accord with the current administration’s food security plan.
"The desire of foreign monopoly capitalists in the US to acquire lands in PH is an open book. It is not a best kept secret. The monopolists in the US also want 100 percent ownership of other profitable sectors in the Philippines including but not limited to mining, eco-tourism, energy, public utilities, mass media, oil and gas, health and education."
Korea wants to secure a total of 380,000 hectares of overseas farmland by 2018, the agriculture ministry said in an e-mailed statement today. Priority countries include the Philippines, Cambodia, Ukraine, Indonesia and Russia.
An international fact-finding team is in the country to investigate the alleged land-grabbing by Philippine, Japanese and Taiwanese companies of some 11,000 hectares from indigenous peoples in Isabela to build the biggest bio-ethanol project in the Philippines.