P100-B coco levy fund aprub na
MANILA, Philippines — Isang makasaysayang panukalang batas ang inaprubahan ng Kamara at Senado ukol sa P100 bilyong Coco Levy fund para sa magniniyog sa bansa.
Ayon kay Secretary to the Cabinet Karlo Nograles, ang Coconut Farmers and Industry Development Act ay isa sa priority bill ni Pangulong Duterte.
“The fund’s history is strewn with misuse, abuse and mismanagement. Generations of Filipino coconut farmers and their families have suffered greatly because of it. Congress is now rectifying the mistakes of the past. We’re putting into place a comprehensive mechanism that manages the fund and allocates resources to further develop the coconut industry,” wika pa ni Nograles.
Ang pinalakas at reonstituted na Philippine Coconut Authority (PCA) ang siyang mamamahala sa pondo.
“These shall be used to improve the plight of coconut farmers and to push our coconut industry further forward. The unified Senate and House bills provide for the release of 5 billion pesos annually to the PCA on top of the 10 billion pesos provided by the General Appropriations Act,’’ dagdag ni Nograles.
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