Coco Levy bill may lapse into law next week mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published February 9, 2021, 5:30 PM
The proposed Coconut Farmers and Industry Trust Fund Act or Coco Levy Act, which will pave the way for the release of the P100-billion coco levy fund, is just awaiting the signature of President Rodrigo Duterte.
Business Bulletin learned that the copy of the Coco Levy Act has already been sent to Malacañang Palace.
(MB FILE, Keith Bacongco)
This was after weeks since House decided to adopt Senate Bill (SB) 1396 as an amendment to House Bill (HB) 8136, which will both pave the way for the release of the coco levy fund the taxes imposed on coconut farmers by the Marcos administration and its cronies more than 40 years ago.