Agriculture Secretary Francisco Tiu Laurel is pushing for the amendment of the Coconut Farmers and Industry Trust Fund Act as a measure to revitalize the country’s “underperforming” coconut industry. Enacted into law in 2021, as embodied under Republic Act (RA) No. 11524, the coco trust fund...
Senate President Francis “Chiz” Escudero is pushing for the creation of a P20-billion trust fund under a law that would cover the comprehensive social benefits of all Armed Forces of the Philippines (AFP), Philippine National Police (PNP), and other uniformed personnel. In seeking approval of...
Incoming Cebu Gov. Pamela Baricuatro expressed displeasure over the move of outgoing Gov. Gwendolyn Garcia to create trust funds for several programs in the province. “I am deeply disappointed and appalled by the recent actions of the outgoing governor,” Baricuatro said in a Facebook post....
The Union of Local Authorities of the Philippines (ULAP) has supported the establishment of the Maharlika Investment Fund which, the group said, adheres to "good governance, transparency and accountability" and "will genuinely achieve inclusive and sustainable development" for the country,...
The inter-agency body tasked to oversee and set the investment strategy of the Coconut Farmers and Industry Trust Fund (CFITF) vowed to optimize the use of the coco levy fund for the benefit of the coconut farmers. In a statement Thursday, Feb. 24, the Department of Finance (DOF) said the Trust...
Manulife Investment Management and Trust Corp. (Manulife IM Philippines) launched a new unit investment trust fund (UITF) focused on the technology sector. Manulife Global Technology Equity Feeder Fund will offer a growth-oriented, professionally managed and diversified approach to investing in the...
The fund management firm of the Manufacturers Life Insurance Co. (Philippines) unveiled a unit investment trust fund (UITF) that seeks to preserve capital and generate income by investing in fixed income securities and deposits. In a statement, Manulife Investment Management Philippines (Manulife...
The Department of Finance (DOF) said the coco levy trust fund is a “powerful instrument” that will reinvent the coconut industry and ensure support for farmers amid the continuing decline of copra prices in the global market. Finance Secretary Carlos G. Dominguez III said on Wednesday, August...
Farmers want representation in the Coco Levy’s Trust Fund Management Committee, which is the legally mandated committee tasked to decide on the disposition of the P100-billion worth of coco levy fund and assets. In a statement, the Federation of Free Farmers (FFF) called on the Duterte...
