Malaysian investors eye more palm oil plantations in PH
“Trade Secretary Ramon Lopez said that the businessmen initially planned to develop 80,000 hectares but are considering expanding the investment to about 300,000 hectares throughout the Philippines,” said Abella.
Duterte himself indicated he was open to the idea of more palm oil plantations in the country.
Despite concerns about the impact of palm oil plantations on the environment, Duterte said the palm oil industry in some parts of Mindanao, like Agusan del Sur, “has proven to be a good source of revenue and a source of livelihood for the people there.”
Environmentalists have pointed out that land conversion to make way for palm oil plantations has driven deforestation and led to soil, water, and air pollution in countries like Indonesia and Malaysia.