Because of difficulty in securing commercial-scale agricultural lands in the Philippines, hybrid rice producer SL Agritech Corp. (SLAC) over the weekend said that it may shift its planned joint venture with the Manny Pangilinan-led First Pacific Co. Ltd. to Indonesia.
Henry Lim Bon Liong, SLAC president and chief executive officer, said that the company is now scouting for rice plantations in Indonesia that would meet the land requirement of the Pangilinan group.
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