coco levy

Landmark coco levy trust fund bill hurdles Congress

Mar 19, 2018 - 7:38 PM

Senate Bill 1233 places the management of the fund under a reconstituted Philippine Coconut Authority – the agency that was responsible for the misuse of the funds in the 1970s

File Photo by Camille Elemia/Rappler

Recto hit for 'excluding' coconut farmers from coco levy bill

Mar 13, 2018 - 8:15 AM

'Pera na nga namin, maglo-lobby pa kami? Pera na nga namin, makikiusap pa kami?' says Ed Mora, lead convenor of the Kilusang Magniniyog, on the need for congressional approval before use of coco levy funds

Photo by Camille Elemia/Rappler

No farmers' say in coco levy funds? Pangilinan, Recto clash

Mar 06, 2018 - 8:14 AM

Senators are set to vote on the issue, as Senate President Pro-Tempore Ralph Recto wants the government to be the sole manager of the coco levy funds, while Senator Francis Pangilinan wants farmers who paid the taxes to have a role

Photo by LeAnne Jazul/Rappler

Legal battles further delay turnover of coco levy funds to farmers

Jan 14, 2018 - 6:35 PM

The Sandiganbayan rules in favor of UCPB and Cocolife's request to be heard despite an earlier Supreme Court decision that there is no need for further hearings

House OKs bill creating trust fund for coconut farmers

Sep 25, 2017 - 9:17 PM

The passage of the bill once again steals the coconut levy fund from the farmers, according to progressive congressmen who oppose the measure

DEDUCTIONS. A coconut farmers shows documents to prove that the government deducted levies on coconut farmers' products. File photo by Camille Elemia/Rappler

Ahead of SONA, farmers demand Duterte action on coco levy vow

Jul 22, 2017 - 1:33 PM

Coconut farmers want President Rodrigo Duterte to use his 2nd State of the Nation Address to fulfill his campaign promise to them

PROMISE. Coconut farmers marched from PCA, where they first met with Cabinet Secretary Leoncio Evasco Jr, to Malacañang. Photo from Kilus Magniniyog

New PCA chief 'confident' coco levy bill will pass in 2017

Jul 06, 2017 - 9:45 PM

Philippine Coconut Authority Administrator Romulo dela Rosa says they will push for the inclusion of the coco levy trust fund bill in President Rodrigo Duterte s 2nd State of the Nation Address

Rappler Talk: Romulo dela Rosa, new PH Coconut Authority chief

Jul 06, 2017 - 3:05 PM

Dela Rosa takes over following the suspension of his predecessor Avelino Andal

Duterte's coco levy promise: It's time to 'force the issue with Congress'

Jun 30, 2017 - 1:32 PM

During the campaign President Duterte vowed to return the coconut levy fund to poor farmers within his first 100 days Congressmen are getting in the way

CAMPAIGN PROMISE. Then presidential candidate Rodrigo Duterte signs a manifesto promising coconut farmers they will benefit from the coco levy funds within his first 100 days in office. After a year in office, the promise remains just that. File photo by Pia Ranada/Rappler

Sandiganbayan denies Danding's bid to dismiss ill-gotten wealth cases

Apr 21, 2017 - 5:39 PM

Jurisprudence dictates that individual rights do not preclude the peoples right to public justice says the anti graft court in its resolution thumbing down the petitions of businessman Danding Cojuangco

Pangilinan seeks Senate probe into corruption in PH Coconut Authority

Apr 01, 2017 - 10:40 AM

Cabinet Secretary Leoncio Evasco Jr chair of the PCA governing board says the board members are ready to attend the probe and stand by the suspension of PCA Administrator Avelino Andal

Commemoration Dinner on the 4th death anniversary of former DILG secretary Jesse Robredo at the Centennial Hall of Club Filipino in San Juan on August 18, 2016.

Return coco levy to farmers? Duterte's promise and political will

Jan 23, 2017 - 4:30 PM

PART 3: Will the coconut farmers among the country s poorest of the poor finally claim what is rightfully theirs as promised by the President?

CAMPAIGN PROMISE. Then presidential candidate Rodrigo Duterte signs a manifesto promising coconut farmers they will benefit from the coco levy funds within his first 100 days in office. File photo by Pia Ranada/Rappler

The politics of the coco levy scam: From Marcos to Noynoy Aquino

Jan 22, 2017 - 11:00 AM

PART 2: More than the long arduous fights in court for the coconut levy funds the main battleground is in Malacañang and Congress where politics comes into play

POLITICS. The long battle for the coco levy funds is not limited to courts, with politics getting in the way of coconut farmers and their beneficiaries.

Coco levy fund scam: Gold for the corrupt, crumbs for farmers

Jan 21, 2017 - 10:00 AM

Part 1: Many coconut farmers have died waiting in vain and with them went the hope they would one day reap the rewards of what s seen as among the biggest scams of the century

Joint Senate panel approves coco levy bill for coconut farmers

Nov 10, 2016 - 12:58 PM

The bill seeks to create a P75 billion trust fund for coconut farmers and the industry and to provide the framework for its management and use

COCO LEVY BILL. A Senate joint panel approves the committee report on the coco levy bill for coconut farmers.

Mobile checkpoints, air passenger rights, Park Geun-Hye | 6PM wRap

Oct 31, 2016 - 7:55 PM

Watch the 6PM newscast with Maria Ressa

Duterte wants law on use of coco levy funds for farmers – finance chief

Oct 31, 2016 - 3:32 PM

The President wants the P74 billion coco levy fund to be exclusively used for the benefit of the coconut farmers says Finance Secretary Carlos Dominguez III

CABINET MEETING. President Rodrigo Duterte and his Cabinet members pray before the start of the 6th Cabinet Meeting in Malacañang State Dining Room on September 14. Photo by Rey Baniquet/PPD

PH Ombudsman, nurses’ salary, EgyptAir | 6PM wRap

Jun 16, 2016 - 7:54 PM

Watch Rappler s 6PM newscast with Chay Hofileña

Duterte to Panelo: Farmers should get coco levy fund

Jun 16, 2016 - 11:20 AM

Duterte s incoming agriculture chief also pushes for the massive replanting of coconut to regain the Philippines status as the world s number one coconut producer

COCO LEVY MANIFESTO. Then presidential candidate Rodrigo Duterte and his running mate, Alan Peter Cayetano, sign a manifesto promising coconut farmers they will benefit from the coco levy funds within their first 100 days in office. Photo by Pia Ranada/Rappler

Duterte, Cayetano promise to return coco levy fund to coconut farmers

Apr 01, 2016 - 7:30 AM

But Rodrigo Duterte and Alan Peter Cayetano say unlike Senator Poe they are not beholden to elites involved in the coco levy scam

Duterte, Cayetano vow 'return' of coco levy fund in 1st 100 days

Mar 31, 2016 - 11:36 AM

The two also sign a manifesto saying they will support efforts to recover the contested funds that remain with the Danding Cojuangco led San Miguel Corporation

COCO LEVY MANIFESTO. Rodrigo Duterte and Alan Peter Cayetano sign a manifesto promising coconut farmers they will benefit from the coco levy funds within their first 100 days in office. Photo by Pia Ranada/Rappler

FACT CHECK: Did Grace Poe sign the coco levy bill?

Mar 22, 2016 - 8:00 AM

The presidential bet says she only signed a committee report so that a consolidated bill could move forward for deliberation: Wala pang bill

Senator Grace Poe and Senator Francis "Chiz" Escudero of Galing at Puso visit Samar provincial Hospital at Catbalogan,Samar. Photo by Arnold Almacen

Coco levy funds, Fukushima, most expensive cities | 6PM wRap

Mar 11, 2016 - 7:05 PM

Watch Rappler’s 6PM newscast with Maria Ressa

Grace Poe is not Danding Cojuangco's 'puppet' – Chiz

Mar 11, 2016 - 2:17 PM

The presidential bet stands by her earlier statement – that Cojuangco has no more business in the release of coco levy funds

PUPPET? Vice presidential bet Francis Escudero defends presidential candidate Grace Poe from critics saying she is a 'puppet' of businessman Eduardo 'Danding' Cojuangco Jr.

Danding, coco levy mess rile up Poe, Roxas camps

Mar 11, 2016 - 12:30 PM

Grace Poe and Chiz Escudero blame the Liberal Party for the non disbursement of the funds to farmers The LP asks: What did you do as senators?

Poe, Escudero go to opposition bailiwick Navotas

Mar 11, 2016 - 12:20 PM

Navotas City is home to Toby Tiangco a key figure in the opposition who publicized Grace Poe s residency issue

Poe, Escudero: Gov't, not Danding, should settle coco levy issue

Mar 09, 2016 - 8:25 PM

The candidates say businessman Eduardo Danding Cojuangco Jr whose political party has endorsed them already returned the coconut farmers money to gov t

COJUANGCO CONNECTION. Presidential candidate Grace Poe and her running mate Francis Escudero are asked about their connection to businessman Eduardo 'Danding' Cojuangco Jr, during their sortie in Quezon province, where many beneficiaries of the coconut levy fund reside. Photo by Camille Elemia/Rappler

UCPB wants new investor as soon as possible

Feb 04, 2016 - 7:27 PM

We ve been running with insufficient capital since 1986 says UCPB official Ildefonso Jimenez

RIGHTFUL OWNERS. The High Court says the proceeds of the UCPB shares are 'to be used only for the benefit of all coconut farmers and for the development of the coconut industry.' File photo by Gil Nartea/Malacañang Photo Bureau

UCPB to 'exhaust all legal remedies' to keep shares in CIIF, SMC

Sep 16, 2015 - 3:26 PM

The United Coconut Planters Bank says it is merely protecting its own shareholders including the majority government shareholder as well as preserving bank assets

RIGHTS. UCPB says it has rights to its minority shares of stock in the CIIF Oil Mills, and indirectly, in an 11% portion of the sequestered San Miguel Corporation shares, "which were ruled to be owned by the government for the benefit of coconut farmers and the development of the coco industry," the bank acknowledges.

Gov't incurs record-high budget surplus in May

Jul 20, 2015 - 5:30 PM

The May budget surplus of P67 3B is 472 higher than the P11 8B surplus recorded in the same period in 2014

Supreme Court stops coco levy executive orders

Jul 01, 2015 - 10:34 AM

Presidential assistant Francis Pangilinan says the solution is the judicious use of the coco levy fund not a knee jerk opposition to it

Gov’t seeks turnover of 72% UCPB coco levy stake

Jun 16, 2015 - 9:11 PM

Citing a High Court resolution the Office of the Solicitor General and PCGG say the disputed UCPB shares are rightfully owned by the Republic of the Philippines

Danding Cojuangco asks court to junk coco levy cases

Jun 07, 2015 - 9:17 PM

Defendants in 4 coconut levy cases cite delay as basis for their plea saying these have been pending for 28 years already

Aquino signs EOs on utilization of coco levy funds

Mar 19, 2015 - 4:47 PM

UPDATED Executive Order 180 allows the use of the multibillion peso coconut levy funds to empower coconut farmers who are among the country s poorest

PLEDGE. President Benigno S. Aquino III receives the coconut farmers' proposals and recommendations during a dialogue at the Palace Heroes Hall on November 26, 2014. Photo by Gil Nartea/Malacañang Photo Bureau

Coconut farmers want to see coco levy EO first

Nov 26, 2014 - 7:23 PM

The EO will be a temporary measure while Congress is in the process of approving a bill that will ensure funds for coconut farmers which Aquino has promised to certify as urgent

Aquino vows to certify coco levy bill as urgent

Nov 26, 2014 - 4:31 PM

Addressing coconut farmers in Malacañang Palace President Benigno Aquino III pledges to act quickly on their petition on the use of the multi billion peso coconut levy fund

Aquino to meet with marching coconut farmers

Nov 25, 2014 - 6:00 PM

The President is set to meet with 71 coconut farmers who have marched 1 750 kilometers to demand that billions of pesos in coco levy funds directly benefit them

FARMER'S MARCH. Coconut farmer Dionisio Abao hopes President Benigno Aquino III will allow farmers like him to benefit from the P71-billion coco levy funds. All photos by Jom Tolentino/Rappler

Farmers urge SC to make decision on coco levy case final

Nov 19, 2014 - 7:11 PM

Anti poverty chief Joel Rocamora says that without a partial entry of judgment on a court decision made 2 years ago Malacañang cannot move to use the funds to help coconut farmers

Marching coconut farmers seek audience with Aquino

Nov 17, 2014 - 9:19 PM

The coconut farmers are more than half way done with their 71 day 1 750 kilometer journey Will Aquino face them in Malacañang?

Will Aquino face the marching coconut farmers?

Nov 11, 2014 - 6:03 PM

In two weeks 71 coconut farmers will arrive in Malacañang hoping to meet face to face with President Aquino to demand action on the P71 billion coco levy funds

FARMER'S MARCH. Coconut farmer Dionisio Abao hopes President Benigno Aquino III will allow farmers like him to benefit from the P71-billion coco levy funds. All photos by Jom Tolentino/Rappler

Draft coco levy EO may be with Aquino before end-Nov

Nov 04, 2014 - 3:58 PM

Secretary Francis Pangilinan gives the assurance as coconut farmers call on President Aquino to mobilize the P71 billion coco levy funds for the benefit of the coconut industry

BIR: Cojuangco may claim tax deductions

Jul 12, 2013 - 6:16 AM

Businessman Eduardo Danding Cojuangco may be entitled to income tax deductions in relation to the UCPB shares he lost following a final Supreme Court ruling awarding said shares to government

San Miguel chairman Eduardo Cojuangco Jr. (R) and president Ramon Ang at the diversified conglomerate's annual stockholders' meeting in 2013. Photo courtesy of San Miguel

Gov’t owns Cojuangco’s UCPB shares – SC

Jul 10, 2013 - 7:13 PM

In a 14 0 decision the Supreme Court denies with finality Cojuangco’s motion for reconsideration

Militants beat up police, storm gov't office

Jan 31, 2013 - 1:11 PM

UPDATED In fear National Anti Poverty Commission employees hole up in their office Militants however blame the police for violence

2012 YEARENDER: The San Miguel-coco levy saga

Jan 02, 2013 - 1:20 PM

The Supreme Court rules in a landmark case in 2012 that a 24 stake in diversified conglomerate San Miguel belongs to the state and should be used for the benefit of coconut farmers

YEARENDER: 12 big business stories in 2012

Dec 31, 2012 - 5:51 PM

This list shows how the movers and shakers took advantage of opportunities and navigated the risks how political leaders showed grim determination and how intertwined the players in both business and politics are

Gov't to use coco levy proceeds on farm inputs

Nov 10, 2012 - 9:24 PM

The Department of Agriculture DA aims to use the coconut levy funds recovered by the government for provision of farm inputs to raise the competitiveness of the coconut industry

San Miguel-coco levy saga ends

Oct 05, 2012 - 5:54 PM

The amount will go to programs benefiting the coconut industry and its farmers

Task force recommendations on coco levy out soon

Sep 29, 2012 - 1:49 PM

A presidential task force will reconvene on October 5 to determine the government s next move on the coco levy funds

Gov't eyes to privatize contested shares in San Miguel

Jun 19, 2012 - 7:32 PM

The contested shares in San Miguel Corp may eventually be out of government s control when the country s biggest conglomerate execute its latest capital raising plan