Multinationals prefer Bangsamoro to NPA-controlled areas: Piñol
Foreign agricultural firms now prefer to invest in the Bangsamoro areas over places where the New People’s Army (NPA) is present, said Agriculture Secretary Emmanuel Piñol.
In his Facebook post, Piñol said investors like Del Monte and DOLE Philippines feel that their investments are safer in the peaceful atmosphere of the Bangsamoro-controlled areas than those where the NPA collects revolutionary taxes from farms.
Farms that do not cough up are harassed by the NPA through burning of equipment and vans loaded with fruits.
Piñol said President Duterte prefers that the Bangsamoro farmers should operate their farms with technical support from the multi-nationals and funding from government banking institutions like Land Bank and the Development Bank of the Philippines instead of having their farms leased by the multinationals.
Del Monte Fresh officials welcomed Duterte’s proposal and said they were willing to provide technical and management support and a marketing contract to Bangsamoro farmers who will produce Cavendish bananas and other tropical fruits for the corporation.
The Japanese government has an available fund of about P6 billion under the Harvest Program of Land Bank.