Supreme Court stops President’s orders utilising P74-billion coconut levy fund

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Supreme Court stops President’s orders utilising P74-billion coconut levy fund

The Philippine High Court ordered a temporary stop to the implementation of executive orders issued by President Benigno Aquino III for the privatisation and reconveyance of the coconut levy fund that the government fought a long legal battle to get its hand on. The Supreme Court was acting on the petition of coconut farmers, who alleged that the EOs were unconstitutional and could cause the further exclusion of farmers from the P74.3-billion fund and open it to abuse.

Read the full story on Rappler Business.

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