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(Eagle News)–President Rodrigo Duterte said he vetoed the measure creating a trust fund for coconut farmers because it was “lacking in vital safeguards to avoid a repetition of painful mistakes committed in the past.” The President gave this explanation in a letter to Congress on Feb. 14, after the Palace confirmed he had vetoed the measure that established the P100-billion trust fund. According to Duterte, the establishment of an “effectively perpetual” trust fund would violate […]
(Eagle News) — Philippine Air Force Chief Lt. Gen. Galileo Gerard Kintanar Jr. will be the new head of the Philippine Coconut Authority (PCA). This was announced by President Rodrigo Duterte as Congress crafts a law for the return of the multi-billion Coco Levy Fund to Filipino coconut farmers. In his speech during the PAF change-of-command at Villamor Air Base on Friday, Duterte said that the Coco Levy Fund is now more than P100 […]
(Eagle News) — The Senate on Wednesday, Aug. 29, ratified the bicameral conference committee report on the bill that aims to establish a trust fund for coconut farmers. According to Senator Cynthia Villar, chair of the Senate committee of agriculture and food, the “cash and the assets from Coconut Farmers and Industry Trust Fund” amounting to about P105 billion under the measure “will be distributed to coconut farmers at the rate of P5 billion per year until […]
(Eagle News) — President Rodrigo Duterte on Monday, July 23, urged Congress to pass a bill establishing a trust fund for coconut farmers “at the soonest possible time.” “Our coconut farmers form a significant part of the basic sectors of our society. It is by the toil of their hands that we put food on the table,” he said. In March, the Senate passed on third and final reading a measure that would create the […]
(Eagle News) — The Senate on Monday approved a bill establishing a coco levy trust fund on third and final reading. Nineteen senators voted for Senate Bill No 1233, including Senator Francis Pangilinan, who, even then expressed his “reservations.” Only one senator, Risa Hontiveros, voted totally against the measure. “More than a year after we submitted SBN 1233, we are now faced with an amended version that we believe is far from what we […]
MANILA, Nov. 19 — The government is ready to hold a dialogue with coconut farmers who want the coco levy fund to be returned to them after several decades, a Palace official said on Tuesday. “Ang kapakanan ng mga mamamayan at ‘yung makatwirang pananagot ng pamahalaan sa mga pondo ng bayan, katulad ng coconut levy, ang ating batayang prinsipyo diyan,” Communications Secretary Herminio Coloma, Jr. said during a press briefing. It was reported that a […]
