Local government officials of Davao del Norte are rallying behind the Tagum Agricultural Development Company (TADECO) citing the banana company’s contribution to the economic development of the province.
TADECO, the largest banana producer and exporter in the country based in the province, is being hounded by House Speaker Napoleon Alvarez with cancellation of a land deal the company entered into with the Bureau of Corrections (BuCor).
Alvarez has instigated the House of Representatives to conduct an inquiry into the Joint Venture Agreement (JVA) between TADECO and BuCor covering more than 5,000 hectares of the Davao Penal Colony. He has also raised the issue to the Department of Justice. READ MORE