And keeping it on agriculture, today the PUP issued a press release, quote "expressing serious concerns and reservation regarding the proposal by the Social Security Board to lend the foreign owned Company (Santander) $12m Bz."
The PUP calls on SSB to make public whether its loan will be "a first-ranking charge on the assets of the Company."
Today Jose Mai expanded on the party's position:..
Hon. Jose Mai, Area Rep. OW South
"When you hear of a company coming in, the first thing the Prime Minister say oh its foreign investment. It means that they are bringing their money into this country to invest. All of a sudden now they are not foreign investors anymore. They are using our money - Social Security hard-earned laborers money. The question that has been asked is how safe is Santander's investment in sugar industry? Where are we with the sugar industry right now? It's in crisis. Where is their market?"
The PUP says the loan is too risky and should not be made by SSB.
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