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TADECO says gov’t earns P142-M from its BuCor deal in 2016

The Bureau of Corrections (BuCor) earned a total of P142.72 million in 2016, representing a 45 percent share under its joint venture agreement (JVA) with the Tagum Agricultural Development Co. Inc. (Tadeco), said Tadeco president Alex Valoria.

To recall, the House of Representatives’ Committees on Good Government and Public Accountability and on Justice are now conducting a joint probe on the BuCor-Tadeco accord.

Tadeco is the operator of the world’s largest contiguous banana plantation and is one of the major banana exporters globally.

Valoria informed the congressional committees investigating the BuCor-Tadeco JVA that the corrections bureau was guaranteed a production share, which is a fixed amount under the agreement, as well as a portion of the profits from the bananas exported by the company.

Both of these guaranteed earnings are reviewed and increased by 10 percent every five years, Valoria said.

Valoria said that on top of these benefits, Tadeco also pays BuCor for the farm training program and the stipend support of the inmates inside the Davao Prison and Penal Farm (DPPF), as part of the rehabilitation aspect of the JVA.



 
  • Kristeta Barrientos

    wow 142 million. Anlaki pala ng kinita ng government considering wala naman silang masyadong ginawa diba.

    • Carmela

      malaki na nga ang kita ng government pero may issue pa na lugi sila.. gusto lang din talga nila siraan ang TADECO

      • patlorezo

        Wala na kase silang maisip kaya gumagawa ng false issue.. do ur job as a government officials hindi ung nagssayang lang ng panahon sa kung ano anong issue

    • Andy Herrera

      Exactly. Not even a single cent released by the government and yet they still complain about the deal being “disadvantageous” for them. God bless our country.

  • Mitch Ilano

    The government is generating income without shelling out a single peso and they get to materaliaze pa their vision to truly reform inmates so that they get to be productive citizens when they are finally released from prison. The problem is, ano naman yan kay Aguirre and Alvarez if they can’t pocket that money? And what’s in it for Alvarez and Aguirre if inmates are productive? Hindi naman daw sa kanila napupunta. Simple. Mystery solved!

    • patlorezo

      sabagay ano naman skanila kung meron magsuffer na ibang tao. basta sakanila kailangan nila mabulsa ang pera.

      • Andy Herrera

        Isn’t the nation’s tax money enough for them to settle? Kailangan pa manggulo talaga. Nothing is enough for these greedy critters.

        • patlorezo

          Walang enough sa tao corrupt, lht ng pwedeng kunin kkunin nila basta millions ang pinaguusapan mabilis din sila

    • Andy Herrera

      They are fishing on the wrong prey with a broken net. Akala nila mga professional mandurugas na sila pero hindi hahayaan ng taong bayan na masira ang pinaghirapan. Baka magsisi sila Alvarez kung makulong siya at wala na ang JVA.

      • patlorezo

        Nasa huli naman ang pagsisisi.. pag na huli na sya mag ssorry na parang walang ng yare..

  • Carmela

    TADECO is really helping the people and economy of Mindanao. i hope this issue will be over soon.

    • Johnmarie

      it will not be over hangang Hindi ttigil si Alvarez at Aguirre.. hindi sila ttigil hangang ndi nila nappakinabanga ang TADECO

    • Kevin Devilla

      If totoo ang motive na pera pera lang si Alvarez then this issue will be a long run. Alvarez is a man of corruption.

    • Andy Herrera

      I don’t think it will be over anytime soon but I pray for the well being of the employees and I hope they are able to sleep at night without worrying too much about their jobs.

    • patlorezo

      it will be over pagHindi na gumagawa ng gulo itong si mr. Speaker. I hope dalawin naman sya ng konsensya nia

  • Kevin Devilla

    I hate the thought na nadadamay mga tao sa gulo. I hate the thought na mapeperahan na naman ang mga tao. Resources and time are being wasted here.

    • Andy Herrera

      All our blood, sweat and sleepless nights are just going to waste once again by our very incompetent officials who have nothing else better to do than to make trouble.

  • Arren Carson

    Ano pa bang gusto nitong si Alvarez? Ang pakinabangan ang lupa? Hindi ba niya nakikita yung mga taong nagtatrabaho dun. Aanhin naman niya at ng tropa niyang intsik ang lupa. Kakainin nila??

  • Dian Mercado

    “World’s largest contiguous banana plantation and is one of the major banana exporters globally” wow!!! Isang karangalan yan para sa ating bansang Pilipinas. Sana marami pa silang matulungan na mamamayang pilipino at mga pamilya.

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