Tadeco says JVA with Bucor ‘above board’

MANILA-- The Tagum Agricultural Development Company, Inc. (TADECO) on Tuesday took exception to the statement of Speaker Pantaleon Alvarez in his House Resolution No. 867, which looks into the firm's Joint Venture Agreement (JVA) with the Bureau of Corrections (BUCOR).

House Resolution 867 considered the JVA as grossly disadvantageous to the government.But Tadeco argued it was false.

In a statement, TADECO said the arrangement between the company and BUCOR was not a lease arrangement but "a Joint Venture that is primarily aimed at the rehabilitation of the inmates in Davao Penal Colony (DAPECOL)."

"This rehabilitation program has been found to be very successful by BUCOR up to the extent that the latter has even requested TADECO to replicate the JVA program to its penal colony in Iwahig, Palawan," it added.

It further said that the JVA had been reviewed and found to be advantageous to the government numerous times by the executive and the legislative departments in past administrations.

In fact, TADECO said, the most recent review in the 15th Congress in 2012 once again arrived at the same positive conclusion regarding the JVA and its benefits to government.

The Department of Justice, through its representative Atty. Teresita Domingo, during said congressional review also stated that the JVA was actually above board.

TADECO also said there was no truth to the allegation of ill-treatment of its workers in the plantation.

"Such allegation is completely baseless. TADECO takes good care of its workers. This is evident in the high production yield of TADECO, indicating that the workers are well motivated and very productive. In fact, among all the banana companies in the Philippines, TADECO has been branded as a champion on labor and community relations. It is a regular recipient of awards in the field of labor-management relations," it stressed.

In fact. TADECO said, it won the Outstanding Labor-Management Cooperation For Industrial Peace Award (in 2013 and 2015) given by the Philippine League of Labor Management Cooperation Practitioners (PHILAMCOP) in coordination with the National Conciliation and Mediation Board (NCMB). It is now vying to be a grand slam winner in this category.

"TADECO continues to perform its obligations and responsibilities under the JVA (and) confident in its contributions to the government and socio-economic development," it said.

Thus, TADECO said it was befuddled as to the real reasons why the House Speaker had initiated the inquiry.

Alvarez has filed a graft complaint against Davao del Norte Rep. Antonio Floirendo Jr. for allegedly having "financial and pecuniary interest" to a contract for an agricultural business while being a public servant in 2003.

The Speaker charged Floirendo of one count of violation of Section 3(h) of the Anti-Graft and Corrupt Practices Act before the Office of the Ombudsman.

Both Alvarez and Floirendo are close allies of President Rodrigo Duterte.

Source: Philippines News Agency