Sabin Aboitiz of the century-old Aboitiz Group is leading the Marcos administration’s Private Sector Advisory Council (PSAC) The conglomerate contributed millions to Marcoses’ campaign fund in 2022. In 2023, Aboitiz Group’s subsidiary Lima Land Inc. bought a 200-hectare property from Martin Lorenzo’s Luisita Land Corp. Aboitiz Infra Capital (AIC) started construction of the economic zone in Tarlac City last year. AIC’s is planning to convert 500 hectares of Hacienda Luisita into a special economic zone. Presented as a green energy initiative, this threatens the livelihoods of farmers and agricultural workers. The lack of consultation with agrarian reform beneficiaries has raised concerns, as the shift from agriculture to commercial use endangers long-time residents and tillers.
Know more about the massive land-use conversion in Hacienda Luisita here:
https://www.facebook.com/kilusangmagbubukid/posts/pfbid0E5n7wsEaRWj1jJFYoyyavdNUihDXyXQSYa6hqPCzJB7wt2N1FM7L6eNZxquQ9YtPl
More info regarding the Aboitiz-Lorenzo business deal here:
https://tribune.net.ph/2023/10/12/aboitiz-groups-lima-buys-luisita-land
https://bilyonaryo.com/2023/10/11/awash-with-cash-aboitiz-family-to-acquire-luisita-sugar-millers-200-hectare-property/business/
https://www.bworldonline.com/corporate/2023/10/16/551655/aboitiz-unit-to-start-building-tarlac-estate-early-next-year/
