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PCA almost done with the drafting of roadmap under Coco Levy Act


Published July 6, 2021, 1:25 PM
The Philippine Coconut Authority (PCA) is not yet finished drafting the Coconut Farmers and Industry Development Plan (CFIDP), which will serve as the government’s ultimate guide in the distribution of the P100-billion coco levy fund and assets.
In the meantime, the agency launched the Coconut Farmers’ and Industry Roadmap (Coco-FIRM), which will serve as the foundation of a much detailed and longer CFIDP, of which the PCA is mandated to come up with under Republic Act No. (RA) 11524 or the Coco Levy Act.
In a phone interview, PCA Administrator Benjamin Madrigal clarified that Coco-FIRM is different from the CFIDP but will serve as the “backbone” for the latter. ....

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Tax reform packages and assistance to pandemic-affected MSMEs lead top priority bills for passage in 2021


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Metro Manila (CNN Philippines, March 3) – The last two packages of the Comprehensive Tax Reform Program (CTRP) and a measure that will aid pandemic-stricken small businesses are among the top legislative agenda of the Legislative-Executive Development Advisory Council (LEDAC) this year.
LEDAC determines and recommends to the President the top socio-economic development goals affecting national development.
Acting Socioeconomic Planning Secretary and LEDAC Secretariat Head Karl Kendrick Chua said these pending bills in Congress are important for the country s economic recovery amid the COVID-19 pandemic.
These bills are crucial in ensuring the country s economic recovery and in regaining our development trajectory that was held back by the COVID-19 pandemic. We will continue working with Congress to move the legislative agenda forward and enact these priority legislations within 2021, said Chua. ....

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