For the benefits of the country's coconut farmers, the Sandiganbayan has ordered the United Coconut Planters Life Assurance Corporation (Cocolife) to issue immediately certificates of stocks in the name of the Republic of the Philippines covering 255,823,678 shares registered in the name of United...
The Sandiganbayan has vowed to terminate expeditiously the remaining issues in Civil Case No. 0033, an ill-gotten case that was filed in 1987 against scores of individuals and business firms by the Presidential Commission on Good Government (PCGG). The case has been subdivided into eight separate...
The Commission on Audit (COA) has denied the petition for payment of P650 million in alleged dividends filed by Macrino A. Angeles against the Coconut Industry Investment Fund-Oil Mills Group (CIIF-OMG). The CIIF-OMG is a group of government-owned and controlled corporations registered under the...
Outgoing Senator Francis “Kiko” Pangilinan on Tuesday, June 14 said there is a need to amend Republic Act No. 11524 or the Coconut Farmers Industry Trust Fund Act in order to ensure that farmers are well-represented. Pangilinan noted that the committee mandated to oversee the disbursement of...
Opposition Senator Risa Hontiveros on Thursday, June 9 expressed belief that any amount of disinformation and historical revisionism would change the facts that the coco levy funds that were intended to develop during the time of the late dictator Ferdinand Marcos were plundered. Hontiveros made...
Though she is one of the initial authors of the proposed Coconut Levy Fund law when she was still a member of the 16th Congress, presidential aspirant Vice President Leni Robredo said she has objections to the new version signed by President Duterte into law earlier this year. Presidential aspirant...
Partido ng Demokratikong Pilipino-Laban (PDP-Laban) vice presidential candidate Senator Christopher “Bong” Go has lauded President Duterte for fulfilling his campaign promise to return the coconut levy fund to the nation’s coconut farmers. Go, during a meeting by the Joint National and...
The Philippine Coconut Authority (PCA) is not yet finished drafting the Coconut Farmers and Industry Development Plan (CFIDP), which will serve as the government's ultimate guide in the distribution of the P100-billion coco levy fund and assets. In the meantime, the agency launched the Coconut...
The implementing rules and regulations (IRR) of some sections of the Republic Act (RA) No. 11524 or an Act Creating the Coconut Farmers and Industry Trust Fund (CFITF) are now in effect. But farmers are claiming that no consultation was done so they can raise their concerns about the contents of...
The mass registration of coconut farmers who will benefit from the forthcoming release of the P100-billion coco levy fund will be a continuous process. And the Philippine Coconut Authority (PCA) must issue a formal clarification on this matter to ease the anxiety among farmers who are not yet part...
Senators have pressed the Philippine Coconut Authority (PCA) to extend its deadline and streamline the processes for the registration of coconut farmers. The Senate agriculture committee on Thursday, June 10, inquired on the status of the country's coconut farmers' registry. The creation of the...
Groups of coconut farmers fear another scam might happen in the process of the Philippine government’s implementation of the Coco Levy Act, the law that should pave the way for the release of the P100 billion worth of funds and assets collected through the infamous coco levy fund scam more than...
