Observers were also wondering what becomes of the P1-billion deposit that Razon’s Bloomberry Resorts paid to PH Resorts last year.—Miguel R. CamusWith the way various cars oriented groups have been hitting San Miguel Corp. lately, you’d think the conglomerate has been remiss in taking care of local communities that are being affected by its national projects.
In effect, sand from Cavite goes to Bulacan—according to the strict standards set by the World Bank’s International Finance Corp.—and San Miguel pays the locals for their trouble. Eligible fisherfolk were identified based on both third-party surveys and a selection and validation process by local officials and leaders of local fishermen’s groups.
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