Ph farmers coco levy funds a
By camille a aguinaldo the senate on monday approved on third and final reading the bill creating the coconut industry trust fund, which would allow farmers to directly benefit from coco levy funds collected by the government during ferdinand e marcos’s regime. Coco levy fund won’t necessarily be distributed in cash the funds were supposed to be used /nation/06/16/16/duterte-release-coco-levy-fund-to-farmers. Senators are set to vote on the issue, as senate president pro-tempore ralph recto wants the government to be the sole manager of the coco levy funds, while senator francis pangilinan wants farmers who paid the taxes to have a role.
Farmers guarded as coco levy trust fund bill approved by senate with substantial amendments on the need for congressional approval before use of coco levy funds. Hontiveros says ang coco levy fund ay special fund, sc na mismo ang nagsabi 1 reply 0 retweets 0 likes no farmers' say in coco levy funds pangilinan. Cy 2017 gawad saka award, for the most outstanding coconut farmer is mr gerardo c cordero, 60-year-old from brgytopland, koronadal city, south cotabato, region xii.
Automatic appropriations and special purpose funds transfer of coco levy funds to farmers upon ratification of the coconut farmers and industry. Sen cynthia villar has assured coconut farmers that her senate committee on agriculture will pass the bill managing the disposition of the p100 billion coco-levy fund in the first quarter of 2015 “we are scheduling another committee hearing next month and we will submit the bill for plenary. Recapitalization of ucpb set in use and exclusive benefit of coconut farmers and the development of the shares funded by coco levy funds. San miguel corporation funds and therefore any assets bought using these funds are owned by coconut farmers in the controversial coco levy.
Manila - senator cynthia villar, chair of the senate agriculture committee, said the p100 billion coco levy fund must be used to improve the lives of coconut farmers. The coco levy refers to the taxes imposed on coconut farmers from 1971 to 1983 by marcos and his cronies, promising the development of coconut farmers and the industry in exchange cojuangco at the time was appointed chairman of the board of the philippine coconut authority, tasked to collect and manage the funds. Return the coco levy funds to the coconut farmers this remains the call of the farmers organization kilusang magbubukid ng pilipinas (kmp) in the wake of reports that president benigno aquino iii has plans to utilize the coco levy funds instead of releasing it to the coconut farmers the group.
As the philippine coconut authority (pca) embarks on talks about the management of the p75-billion coco levy funds, senator kiko pangilinan said the agency must not forget the coconut farmers. President duterte wants to unlock the p74-billion coconut-levy funds to help coconut farmers and their families, according to finance secretary carlos g dominguez iii he said that as soon as the supreme court (sc) lifts the temporary restraining order (tro) on the coco-levy fund, a new legislation.
Da recognized and acknowledged the contribution of the km71 marchers in the establishment of a coconut farmers’ trust fund from the p71-billion coco levy fund. The difficult road to a pro-coconut farmer recovery, utilization and management of the coco levy fund continues for close to four decades, small coconut farmers have been struggling to recover the over p 100 b coconut levy funds imposed on them from 1973 to 1982. Dar chief opposes marcos burial but will not quit cabinet post return of the coco levy funds to farmers (wwwdargovph).
- Coco farmer group calls poe and escudero beyond “naïve” and “misinformed”, their statements on danding cojuangco and coco levy fund scam a great big lie.
- President-elect rodrigo duterte has ordered his chief legal adviser lawyer salvador panelo to look into the legal requirements needed for the release of coco levy funds to farmers.
- Govt support to ucpb ends to the government of about p743 billion in coco levy funds used by the government for the benefit of the coco farmers.
The philippine coconut authority (pca) — the agency eyed to handle the r76-billlion coco levy fund — already began drafting the coconut farmers and industry development plan which would pave the way for the actual disbursement of the controversial fund. Of coco levy money to acquire control of first united bank using mostly san miguel’s corporate funds deposited with the not the coconut farmers. Allowing the recovered 71 billion peso coco levy funds in the national in the coco farmer trust fund mechanism that petition company.Get file