A Newsbreak report in 2005 says Lim Sr was a close friend of Marcos. He claimed ownership of Fuga Island, a 10,000-hectare property in Aparri, Cagayan, after World War II and also owned the defunct Pamplona Redwood Veneer Incorporated and Taggat Industries. These logging companies operated in western Cagayan and the Cordilleras in the 1950s up to the time the government imposed a moratorium on commercial logging early in the 1990s.