Live Breaking News & Updates on Joey Faustino|Page 4

Published December 14, 2020, 5:00 AM
           Coconut farmers are questioning some provisions of the Coconut Farmers and Industry Trust Fund Act (Coco Levy Act) such as the annual allocation of portions of the P100-billion coco levy fund to several government agencies, some of which have had no participation in coconut industry development at all.
           In a press briefing, Joey Faustino, leader of the Coconut Industry Reform Movement, said coconut farmers are appealing to junk the Senate Bill (SB) 1396 or the Coco Levy Act in fear that they may totally lose the chance to benefit from the P100-billion coco levy fund, which came from the taxes imposed on coconut farmers by the Marcos administration and its cronies from 1972 to 1981. ....

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