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Farmers dealt a crushing blow in bicam-ok’d coco levy bill

The optimism of the country's coconut farmers died down on Wednesday after the congressional bicameral conference approved the Senate version of the coco levy bill---a landmark legislation that took 47 years to hurdle. Farmer groups described the version as "inadequate," fearing further delays in the release of the P105-billion fund since a separate legislation was still needed before it could be utilized. Under the latest version of the bill, a "reconstituted" body under the Philippine Coconut Authority (PCA) would be tasked to handle the fund. A separate bill must still be passed to amend the agency's charter. PCA administrator Romulo Dela Rosa said the committee was targeting...Keep on reading: Farmers dealt a crushing blow in bicam-ok’d coco levy bill.....»»

Category: newsSource: inquirer inquirerAug 2nd, 2018

Bicam Approves Coco Levy Trust Fund Bill

The congressional bicameral conference committee on Wednesday approved a bill that would create a PHP100-billion coconut levy trust fund to benefit around 3.5 million coconut farmers nationwide. “Na-adopt ang Senate version (The Senate version was adopted) and then it will be managed by a reconstituted PCA (Philippine Coconut Authority),” Senator Cynthia Villar, the chair of […].....»»

Category: newsSource:  metrocebuRelated NewsAug 2nd, 2018

Coco levy trust fund dangled as Christmas gift to farmers

LUCENA CITY --- A piece of legislation, which has been described as the government's Christmas gift to coconut farmers is just two steps away from becoming law. Sen. Cynthia Villar, chair of the Senate agriculture committee, said the bill creating a trust fund for more than P100 billion in levy collected from coconut farmers by the Marcos dictatorship had been approved by panels of the two chambers of Congress. After the Senate and House of Representatives pass the bicameral version of the bill, Villar said President Rodrigo Duterte was expected to quickly sign it into law. Its passage into law by Christmas will be a gift to farmers, said Villar, who was here on Saturday as ...Keep on reading: Coco levy trust fund dangled as Christmas gift to farmers.....»»

Category: newsSource:  inquirerRelated NewsNov 25th, 2018

Senate passes bill giving coconut farmers greater representation in PCA board

All 18 senators presenton Mondaypassed on the final reading a measure that will provide coconut farmers greater representation in the Philippine Coconut Authority (PCA) board, which was tasked to manage the coco levy fund. If enacted, Senate Bill No. 1976 or the Strengthened Philippine Coconut Authority (PCA) Law will amend Presidential Decree 1468 or the Revised Coconut Industry Code of 1978 --- requiring the reconstituted PCA board to have six representatives from the farmers, four from the government, and one from the industry. According to Senator Cynthia Villar, who authored the proposal, SB 1976 is the answer to concerns that farmers were not properly represented in the PCA...Keep on reading: Senate passes bill giving coconut farmers greater representation in PCA board.....»»

Category: newsSource:  inquirerRelated NewsSep 24th, 2018

House bill filed on coconut farmers’ inclusion in PCA Governing Board

A BILL reconstituting the Governing Board of the Philippine Coconut Authority (PCA) to include more farmer groups has been filed at the House of Representatives (HoR), following the bicameral approval of the coco levy fund early this month. The post House bill filed on coconut farmers’ inclusion in PCA Governing Board appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 21st, 2018

Final version of coco levy bill shatters farmers hopes

MANILA, Philippines – Farmers’ hopes were shattered after Congress approved the questionable final version of the coconut levy bill on Wednesday, August 1. (READ:  Coco levy fund scam: Gold for the corrupt, crumbs for farmers ) The coco levy trust fund bill or the Coconut Farmers and Industry Development Act was among the campaign promises of President Rodrigo Duterte.  The approved ........»»

Category: newsSource:  rapplerRelated NewsAug 3rd, 2018

Bicam to Approve Final Version of Coco Levy Bill

Senator Cynthia Villar on Wednesday said the bicameral conference committee on PHP100-billion coconut levy trust fund will be held on August 1, heeding President Rodrigo Duterte’s call for Congress to pass the bill “at the soonest possible time.” “I urge you Congress to convene the (bicameral) conference committee and pass at the soonest possible time […].....»»

Category: newsSource:  metrocebuRelated NewsJul 26th, 2018

Senator to push for farmers’ input in use of coconut levy fund

By Camille A. Aguinaldo SENATOR Francis N. Pangilinan on Sunday said he will push for the original version of the coco levy trust fund bill, as sought by coconut farmers, in the bicameral conference committee. Mr. Pangilinan noted that the original version of the bill he authored came from the farmers themselves. But he noted […] The post Senator to push for farmers’ input in use of coconut levy fund appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 27th, 2018

Life or death for coco levy

Coconut farmer leaders believe that next week's Congress bicameral committee meeting on the coco levy will decide the life or death of a levy beneficial to them. This amounts to about P100 billion, collected largely from small coconut farmers from 1972 to 1981. This was the consensus during a meeting on May 21 of coconut farmer leaders from Luzon, Visayas and Mindanao. It was organized by the Philippine Council for Agriculture and Fisheries (PCAF), with Alyansa Agrikultura convenor Omi Royandoyan presiding. They passed a resolution stating their concern that the upcoming bicameral conference on the "Coconut Farmers and Industry Trust Fund Bill" Senate Bill 1233 and House Bill 5745 cou...Keep on reading: Life or death for coco levy.....»»

Category: newsSource:  inquirerRelated NewsMay 23rd, 2018

Senate Approves Coco Levy Trust Fund Bill

In a landmark move, the Senate on Monday passed on third and final reading a proposed measure that would create the coconut industry trust fund to finally allow coconut farmers to directly benefit from coco-levy funds collected by government during the Marcos regime. Senate Bill No. (SBN) 1233, or the proposed Coconut Farmers and Industry […].....»»

Category: newsSource:  metrocebuRelated NewsMar 20th, 2018

Landmark coco levy trust fund bill hurdles Congress

MANILA, Philippines – After more than 4 decades, the coconut levy trust fund bill finally hurdled Congress, but farmers are still worried about the kind of law that would be passed. (READ:  The politics of the coco levy scam: From Marcos to Noynoy Aquino ) Voting 19-1, the Senate on Monday, March 19, passed on 3rd and final reading Senate Bill 1233 ........»»

Category: newsSource:  rapplerRelated NewsMar 19th, 2018

Senate approves on final reading bill on coco levy funds

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. Senate Bill No. 1233 or the proposed Coconut Farmers and Industry Development Act […] The post Senate approves on final reading bill on coco levy funds appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 19th, 2018

Joint Senate panel approves coco levy bill for coconut farmers

Joint Senate panel approves coco levy bill for coconut farmers.....»»

Category: newsSource:  rapplerRelated NewsNov 10th, 2016

Sandiganbayan affirms turnover of P75B in coco levy funds to gov t

MANILA, Philippines – The Sandiganbayan junked all appeals against the turnover of at least P75 billion in coconut levy funds to the government. (READ:  Coco levy fund scam: Gold for the corrupt, crumbs for farmers ) In a resolution dated December 3 but released only on Friday, December 7, the court's 2nd Division denied the separate motions for reconsideration seeking ........»»

Category: newsSource:  rapplerRelated NewsDec 9th, 2018

Bicameral body OKs rice tariffs

  A bicameral conference committee has approved a bill that imposes a tariff on rice aimed at bringing down the price of the staple and at reining in inflation, which has risen to a nine-year high over the past two months.   Tariff is a tax on imports.   Another bicameral committee also approved on Thursday the coco levy fund bill and the measure that strengthens the Philippine Coconut Authority (PCA).   The removal of import caps is expected to reduce the retail price of rice by P4 to P7 per kilogram, economic managers earlier said.   Rice prices account for 10 percent of the country's inflation, which rose to 6.7 percent in Septem...Keep on reading: Bicameral body OKs rice tariffs.....»»

Category: newsSource:  inquirerRelated NewsNov 22nd, 2018

Duterte, econ managers do not want to return coco levy fund to coconut farmers

Kilusang Magbubukid ng Pilipinas (KMP) and claimants group Coco Levy Fund Ibalik sa Amin (CLAIM) said it will hold accountable President Rodrigo Duterte and the economic managers if the coco levy fund is not returned to real beneficiaries of the fund -- small coconut farmers and their families and heirs......»»

Category: newsSource:  nordisRelated NewsOct 14th, 2018

Coco Levy Trust Fund bill may get vetoed

Coco Levy Trust Fund bill may get vetoed.....»»

Category: entertainmentSource:  pepRelated NewsOct 9th, 2018

Duterte betrayed us on coco levy promise, says farmers group

MANILA, Philippines – You betrayed us. Farmers on Tuesday, October 9, slammed President Rodrigo Duterte for reneging on his promise to return the at least P75-billion coco levy funds to its rightful owners, the coconut farmers. (READ:  Coco levy fund scam: Gold for the corrupt, crumbs for farmers ) “Pinagtaksilan kami ni Duterte sa kanyang pagtangkang i-veto ang panukalang batas na aming ........»»

Category: newsSource:  rapplerRelated NewsOct 9th, 2018

Zubiri blames PLLO for delay in coco levy bill

        Senate Majority Leader Juan Miguel Zubiri has blamed the Presidential Legislative Liaison Office (PLLO) on why President Rodrigo Duterte almost vetoed the coco levy fund bill.   "Ang problema kasi natin diyan, mga kapatid. Itong problema ng majority floor leader, mahina po yung PLLO po natin," Zubiri told reporters on Tuesday.   Earlier, Congress has decided to recall the coco levy fund bill, which has been ratified already by both the Senate and House of Representatives.   Zubiri revealed that the said bill should have been up for Duterte's signature on Monday but was suddenly removed from the agenda.  ...Keep on reading: Zubiri blames PLLO for delay in coco levy bill.....»»

Category: newsSource:  inquirerRelated NewsOct 9th, 2018

Enforce writ on P83 billion coco levy assets, Sandigan urged

Malacañang supports the Sandiganbayan’s recent order to turn over the P83 billion in assets acquired through the Coconut Industry Investment Fund (CIFF) to the government for the benefit of coconut farmers......»»

Category: newsSource:  philstarRelated NewsAug 11th, 2018

Villar assures farmers will benefit from P105-B coco levy fund

Sen. Cynthia Villar has assured that the coconut levy fund will be distributed to farmers under the proposed law creating a coconut farmers and industry trust fund. Villar assures farmers will benefit from P105-B coco levy fund Sen. Cynthia Villar has assured that the coconut levy fund will be distributed to farmers under the proposed… link: Villar assures farmers will benefit from P105-B coco levy fund.....»»

Category: newsSource:  manilainformerRelated NewsAug 11th, 2018