An Unbiased View of the demise of the Philippine Tuna Industry
02/08/2015

If your Philippine government does not check to see the Philippine tuna industry's big corporations such as Jonathan Dee's Alliance Select International Foods Inc., and it's badly lit business, thousands of people will be jobless and their families will suffer. Headed by shady entrepreneur Jonathan Dee, Alliance Select International Foods Inc., has been repeatedly slapped with legal cases for violating the Philippine Corporation Code and is particularly currently concealing the truth about it is bankruptcy.

Singaporean investors who had previously been infusing millions of dollars to maintain Alliance Select Foods International, Inc. operations have recently decried the company's CEO Jonathan Dee's refusal to spread out its books amid symptoms of misuse of Alliance Select Foods International, Inc. 's financial resources.

The Singaporean investors have since filed a criminal case against Alliance Select Foods International Inc. and its CEO Jonathan Dee and other executives for violating the Philippine Business Code. The case remains unresolved in court.

Add to this the truth that the same people behind Alliance Select Foods International, Inc. - which is basically the Dee family - are also basically the same people who ran First Dominion Prime Holdings, Inc. (FDPHI) which used to own and operate a number of affiliates and subsidiaries involved in the manufacture, marketing and distribution of canned tuna foods for both the domestic and international markets.

This is before First Dominion Prime Holdings, failed to repay some P2. 39 billion in loan from its credit card companies in 2000 and therefore entered rehabilitation in 2000. Alliance Select Foods International Inc. was then built by Jonathan Dee as the milking cow that will assure the cash flow used to bail out First Dominion Prime Holdings.

Now, these same investors who took Alliance to court over the lack of transparency in the company's financial position and transactions have voiced suspicions that Alliance Select Foods International, Inc. was being used to pay off the loans incurred by the Dee family while they were running FDPHI.

Online PR News – 08-February-2015 – Charleston – In case the Philippine government does not investigate the Philippine tuna industry's big corporations such as Jonathan Dee's Alliance Select International Foods Inc., and it's fly-by-night business, thousands of people will be unemployed and their families will starve. Headed by shady n entrepreneur Jonathan Dee, Alliance Select International Foods Inc., continues to be repeatedly slapped with legal cases for violating the Philippine Corporation Code and is currently concealing the truth about the bankruptcy.Singaporean investors who had previously been infusing millions of dollars to support Alliance Select Foods International, Inc. operations have nowadays decried the company's CEO Jonathan Dee's refusal to open its books amid symptoms of misuse of Alliance Select Foods International, Inc. 's financial resources.The Singaporean investors have since charged a criminal case against Alliance Select Foods International Inc. and its CEO Jonathan Dee and other executives for violating the Philippine Business Code. The case remains impending in court.Add to this the truth that the same people behind Alliance Select Foods International, Inc. - which is basically the Dee family - are also essentially the same people who ran First Dominion Prime Holdings, Inc. (FDPHI) which used to own and operate a number of affiliates and subsidiaries involved in the manufacture, marketing and distribution of processed tuna foods for both the home-based and international markets.This is before First Dominion Prime Holdings, failed to repay some P2. 39 billion in loan from its lenders in 2000 and consequently entered rehabilitation in 2000. Alliance Select Foods International Inc. was then established by Jonathan Dee as the milking cow that will make certain the cash flow used to bail out First Dominion Prime Holdings.Now, these same investors who took Alliance to court over the lack of transparency in the company's financial position as well as transactions have voiced feelings of mistrust that Alliance Select Foods International, Inc. was being used to pay off the loans incurred by the Dee family even they were running FDPHI.As if these indications are still inadequate to see where Alliance Select Foods International, Inc. is heading, a fishing vessel owned by Wild Catch Fisheries, (a joint venture firm where Alliance Select Foods International, Inc. owns a 40% stake) sank in September this year purportedly due to severe weather. Jonathan Dee did not ensurethe vessel at the time of the actual|the particular accident.While Alliance Select Foods International, Inc. investors are seeing the downward spiral of the Alliance Select Foods International, Inc. 's finances, Alliance's CEO Jonathan Dee continues on getting more and more international investors to conceal the company's real situation that is headed for bankruptcy.Alliance Select Foods International, Inc. inevitable bankruptcy is just following the Citra Mina Group of Companies' subsidiary that declared bankruptcy in October 2013. Furthermore in General Santos City, the company's more than two hundred tuna workers lost their jobs, and have been pushing the company to give them back the jobs they lost. While the fight has been on for a year now, their families go hungry.In the event that Citra Mina Seafoods Corp. made more than two hundred personnel jobless when it shuttered in 2013, how many more will lose their livelihoods if and when Alliance Select Foods International, Inc., the biggest tuna canning company in the country will declare bankruptcy?Again, those at the very top like Alliance Select Foods International, Inc. 's CEO Jonathan Dee would always enjoy the fruits of the resources they amassed while still in the company. And the poor workers who are paid with measly wages will be obligated to resort to loan sharks for their subsistence.There are many -- and bigger - problems now facing the Filipino tuna industry not the least of which is the looming probability that the EU will shut its doors on imports coming from the Philippines over issues on illegal, unregulated and unreported fishing here.But before any player in the tuna industry is ready to face the bigger problems, it has to first demonstrate good corporate governance.Businesses like Alliance Select Foods International, Inc., are badly managed, financially unstable as well as tolerant of unsustainable company practices cannot and will certainly not do anything to save the Filipino tuna industry. Companies which can be bankrupt cannot and will not really do anything to save the Philippine tuna industry.The first order of business is this: that the local companies first put their houses in order - by satisfactorily addressing grievances coming from its own ranks and exercising discretion in their dealings both with their internal stakeholders and the public before they face the rest of the country and fix the problems at bay from exploding|under control}.Only then can the Philippine tuna industry really follow the big fish.The Alliance Select Foods International headed by its chairman Jonathan Dee has been cheating on the company's finances for years and has been duping and conning foreign businessmen and corporations to invest in this bankrupt company. For more details, check out For 2 Singaporeans, something's fishy about Alliance Select Foodshttp://manilastandardtoday.com/2014/04/10/for-2-singaporeans-something-s-fishy-about-alliance-select-foods/and Row at Alliance Select worsens; Singaporeans oppose new investors https://ph.news.yahoo.com/row-alliance-select-worsens-singaporeans-oppose-investors-161759458.htmlYou may also check out these blogs https://jonathandeealliancesellectfoods.wordpress.com/ and http://jonathandeealliance.blogspot.com/