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Published March 1, 2021, 11:43 AM Boosting the local coconut industry and helping Filipino coconut farmers are the main goals of the Coco Levy Act. The Coconut Levy Act that President Duterte recently signed, and which seeks to create a trust fund for coconut farmers through the sale of assets procured through the coco levy fund, would benefit the country’s 3.5 million coconut farmers from 68 coconut producing provinces, who have owned no more than five hectares for the last 10 years, said Sen. Cynthia A. Villar, chairperson of the Senate Committee on Agriculture and Food.  Senator Cynthi...

Press Release March 1, 2021 Coco Levy Act to benefit 3.5M Filipino farmers and spur the development of our coconut industry President Rodrigo Duterte's signing into law of a measure that seeks to create a trust fund for coconut farmers through the selling of assets procured through the coco levy fund would benefit the country's 3.5 million coconut farmers from 68 coconut producing provinces owning not more than five hectares, for the last 10 years said Sen. Cynthia A. Villar "The coconut farmers are the poorest in the country. They earn only about P1,500 a month. This fund which rightfully be...

(MB FILE, Keith Bacongco) Under Republic Act No. 11524, the government will dispose of P75-billion worth of coco levy assets in the next five years to establish a trust fund for the benefit of the coconut farmers and development of the industry. The new law, also known as the “Coconut Farmers and Industry Trust Fund Act,”  is expected to benefit coconut farmers who own not more than five hectares of coconut farm. The coconut levy funds refer to the funds generated from the taxes imposed on coconut products and collected from coconut farmers, millers, refiners, exporters, and other end-u...

CALOOCAN CITY, Feb. 19 (PIA) -- The Philippine Disaster Resilience Foundation (PDRF)’s micro, small, and medium enterprises (MSMEs) online resource hub—SIKAP—recently launched its improved gamified platform geared towards building MSMEs resilience and introduced new public and private sector initiatives that will help businesses bounce forward to the new normal. SIKAP or Synergizing Recovery Initiatives, Knowledge, and Adaptation Practices for MSMEs is a free online resilience hub developed by PDRF, with the support of Connecting Business initiative, the UN Office for the Coordination ...

‘Get vaccinated soon’; non-compliance blamed KUWAIT CITY, Feb 15: The State of Kuwait Cabinet held its weekly regular session under chairmanship of His Highness the Prime Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah at Seif Palace on Monday. The session was marked with deep alarm expressed by the ministers when they were addressed by the minister of health about latest status of the pandemic in the country, amid mounting cases and deaths, and with a decision to help covid-stricken entrepreneurs with financial allotments. Following the session, Deputy Prime Minister and Minister of Sta...