DOJ's opinion: Cocochem, CIIF-OMG are both GOCCs

THE Department of Justice (DOJ) has issued a legal opinion declaring both the United Coconut Chemicals Inc. (Cocochem) and the Coconut Industry Investment Fund-Oil Mills Group (CIIF-OMG) as government-owned and controlled corporations (GOCCs) that are required to remit at least 50 percent of their net earnings to the national government. Justice…

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