Land Bank of the Philippines (LandBank) and the government of Japan have signed a loan agreement worth almost ¥5-billion to fund a five-year project that aims to jumpstart agribusiness investments in the Autonomous Region in Muslim Mindanao (ARMM).
Philippines Trade Secretary Ramon M. Lopez said the Malaysian proponent is keen on tapping 200 to 300 hectares of land for the palm-oil plantation. He added that the project is purely a private-sector undertaking.
Interior and Local Government Secretary Ismael Sueno said he will meet with leaders of the Moro Islamic Liberation Front to help Chinese investors set-up a 6,000 ha tea plantation within the rebels' controlled territory in Mindanao.
As the global rush for land intensifies, provoked in particular by the demand for alternatives to fossil fuels, governments across Southeast Asia have welcomed investments by both local and foreign agribusiness companies
Le livre-reportage Terres à vendre est une minutieuse enquête sur les rachats de terres agricoles par l'agroindustrie, de partout sur la planète. Un ouvrage édifiant et inquiétant sur un phénomène mondial en pleine expansion.