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Most coconut farmers and tenants received receipts for paying, but weren't registered by PhilCoA (PCA). In 1975, for two years, coco levy funds paid by coco farmers amounted to ₱2.14 million, but only 32% of receipts were registered.
Dec 1, 2023 · With P75 billion in cash and P50 billion in assets, the coco levy fund holds the promise of reversing the deplorable state of 2.5 million coconut farmers and their families.
Jan 21, 2017 · Coco levy fund scam: Gold for the corrupt, crumbs for farmers. Jan 21, 2017 10:00 AM PHT. Camille Elemia. Part 1: Many coconut farmers have died waiting in vain, and with them went the hope...
Feb 9, 2023 · MANILA, Philippines — The Supreme Court has ordered the Office of the Ombudsman to dismiss the graft charges filed against former senator and now chief presidential legal counsel Juan Ponce Enrile and several others in connection with the coco levy funds, citing the violation of their constitutional right to a speedy disposition of cases.
This law will set in motion reforms in the coconut industry and provide efficient utilization of the trust fund in accordance with the Coconut Farmers and Industry Development Plan for the benefit of 2.5 million coconut farmers and their families, and the coconut industry in general.
Jun 10, 2022 · President Duterte's newly signed CFIDP hopes to redevelop coconut industry and help farmers through Coco Levy funds.
Jun 6, 2021 · INFO. 'For this fund that will finance economic and social programs for desperately poor coconut farmers, will genuine public hearings and consultations on its proper administration be...
Feb 8, 2023 · MANILA, Philippines – The Supreme Court 1st Division junked graft charges against Chief Presidential Legal Counsel Juan Ponce Enrile and other respondents in relation to the coco levy fund scam.
Jun 3, 2021 · Positive action on these vital concerns will safeguard our coconut farmers, already impoverished by the coco levy during martial law, from being scammed twice—depriving the trust fund of ...
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Jun 8, 2022 · The law recovered coco levy assets, which were declared state-owned by the Supreme Court less than 10 years ago. The trust fund, which ensures a funding of P75 billion over the next five years, will be disbursed in accordance with the CFIDP.
