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SMC confirms land ownership in Palawan's Bugsuk Island
The Philippine Star
|December 03, 2024
San Miguel Corp. (SMC) yesterday confirmed its legal ownership of 7,000 hectares of titled properties on Bugsuk Island in Balabac, Palawan, which it acquired through the purchase of companies that have held the titles since their original issuance in 1974 as part of a government program involving the redistribution of agricultural lands to farmers under the Land Reform Program.
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Responding to claims made by a group called Sambilog-Balik Bugsuk Movement, SMC said the Department of Agrarian Reform (DAR) has upheld in its Orders dated Aug. 15 and Sept. 20, 2023, that the Bugsuk properties are not subject to Agrarian Reform distribution. Any reacquisition by the government would violate the just compensation already provided and infringe upon the constit
Denne historien er fra December 03, 2024-utgaven av The Philippine Star.
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