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Amendments being readied for coconut levy fund law
Business World Philippines
|September 08, 2025
THE Department of Finance (DoF) will propose legislation to amend the coconut levy fund that will expedite the release of funds to farmers.
“We will propose amendments for easier access and faster disbursement of coco levy funds. Because there are challenges now in accessing it,” Finance Undersecretary Maria Luwalhati Dorotan-Tiuseco told BusinessWorld on the sidelines of Senate hearing last week.
The proposed amendments aim to establish “practical rules” aligned with the fund’s objectives. She gave no further details.
“We will address the bottlenecks (in the fund),” she added.
The Coconut Farmers and Industry Trust Fund Act or Republic Act No. 11521 was signed into law by President Rodrigo R. Duterte in 2021.
It placed coconut levy assets into a trust fund intended to support the rehabilitation and modernization of the coconut industry.
Mr. Duterte also issued Executive Order No. 172, which created the Coconut Farmers and Industry Development Plan.
Diese Geschichte stammt aus der September 08, 2025-Ausgabe von Business World Philippines.
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