@kikopangilinan on SC Ruling on Coco Levy: better late than never
This is a press release from Senator Kiko Pangilinan.
Chairman of the Senate Committees on Agriculture and Food, and Rural Justice and Social Development, Senator Francis “Kiko” Pangilinan, commends the Supreme Court’s upholding of a ruling of the government’s re-conveyance of the 24 percent block of shares in San Miguel Corp. (SMC) acquired through coconut levy funds and registered in the names of the Coconut Industry Investment Fund (CIIF) and its holding companies. He adds that while he would have wanted the entire amount of the coconut levy to go to the coconut farmers, said amount will still be a big boost to the industry.
“The next challenge would be to come up with a system that would ensure that the freed-up coco levy would go to their rightful beneficiaries. We are now studying the crafting of legislation that would ensure the proper implementation of disbursement.”
Pangilinan says that the coco levy fund is needed for replanting that will improve the yield of coconuts and give the industry a much-needed boost.
The Philippine Coconut Authority reports that while the country’s coconut industry contributes 59 percent to the world’s total export of coconut products, most of the trees are aging and dying, unable to produce quality nuts.
“We must end decades of injustice by ensuring that the funds are plowed back to programs that will raise the incomes of our coconut farmers and improve their profitability.”
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Noemi Lardizabal-Dado
Noemi Lardizabal-Dado is a Content Strategist with over 16 years experience in blogging, content management, citizen advocacy and media literacy and over 26 years in web development. Otherwise known as @MomBlogger on social media, she believes in making a difference in the lives of her children by advocating social change for social good. She is a co-founder and a member of the editorial board of Blog Watch . She is a resource speaker on media literacy, social media , blogging, digital citizenship, good governance, transparency, parenting, women’s rights and wellness, and cyber safety. Her personal blogs such as aboutmyrecovery.com (parenting) , pinoyfoodblog.com (recipes), techiegadgets.com (gadgets) and benguetarabica.coffee keep her busy outside of Blog Watch. Disclosure: I am an advocate. I am NOT neutral. I will NOT give social media mileage to members of political clans, epal, a previous candidate for the same position and those I believe are a waste of taxpayers' money. I do not support or belong to any political party. I was part of accredited media covering the Office of the Vice President and Leni Robredo as she ran as a presidential aspirant in the 2022 National and local elections. On August 5, 2021, YouTube announced that I was selected as one of 50 Program participants of its Creator Program for Independent Journalists She was a Senior Consultant for ALL media engagements for the PCOO-led Committee on Media Affairs & Strategic Communications (CMASC) under the ASEAN 2017 National Organizing Council from January 4 -July 5, 2017. Having been an ASEAN advocate since 2011, she has written extensively about the benefits of the ASEAN community and as a region of opportunities on Blog Watch and aboutmyrecovery.com. Organization affiliation includes Consortium on Democracy and Disinformation Updated June 6, 2022