Tadeco welcomes review of joint venture with govt

The Tagum Agricultural Development Co., Inc. (Tadeco) on Monday said it welcomes the call for a review of its joint venture agreement with the government company reiterating that it has always been transparent in its dealings with government.

The joint venture between the government and Tadeco covers 5,308 hectares of the Davao Prison and Penal Farm reservation. With the agreement, about 3,500 inmates work at the Tadeco-managed farm every year.