My Google Page Rank

House leader calls for quick passage of coco bill


With the Supreme Court ruling affirming the decision of the Sandiganbayan in 2004 that declared as public funds the 24 percent block or 753,848,312 shares in San Miguel Corp. (SMC), House Deputy Speaker and Quezon Rep. Lorenzo "Erin" Tanada III on Sunday called for the immediate passage of a measure that would establish a trust fund for the country's coconut farmers.

House Bill 5070 entitled "An Act Establishing the Coconut Farmers' Trust Fund to Provide Adequate Financial Protection to the Coconut Industry and its Workers, Providing for the Management Thereof," authored by Tanada, together with other bills of the same nature, has yet to be heard by the House committee on agriculture. A similar bill has been filed by Senator Juan Ponce Enrile in the Senate.

"We are talking here of at least P54 billion. That’s the estimated worth of the 24 percent SMC block shares that the Supreme Court has declared as public fund. That amount should immediately be put to use to rehabilitate the coconut industry and lift coconut farmers out of poverty," he said.

Coconut farmers, together with fisherfolks are among the identified poorest sectors in the country.

In order to utilize the fund, Tanada said there must be a clear mandate either from Congress or from the President through an Executive Order (EO), on how this fund can be utilized.

"I have worked closely with advocates for the recovery of the coco levy through the Multi-Sectoral Task Force in the crafting of HB 5070 and I understand that a draft Executive Order for the President’s consideration has been submitted by the task force," he said.

"I am sure the coconut farmers would be truly grateful if the President steps up and signs an Executive Order so that the P54 billion fund can already be utilized. It has been a long and arduous wait for them," he said.

Meanwhile, the group Katarungan said the SC ruling on the coco levy is "a major but still incomplete victory for the small coconut farmers."

"The government has yet to make its plan clear with regard to the utilization of the coco levy. And until the government assures small coconut farmers that the recovered coco levy fund will be used for the benefit of small coconut farmers, then and only then can coconut farmers claim total victory," said Danny Carranza, secretary-general of Katarungan.

The 24 percent share forms part of the 47 percent block of SMC shares sequestered by the Presidential Commission on Good Government (PCGG) in 1986 on suspicion that it was part of the ill-gotten wealth of the late President Ferdinand Marcos.

The said shares are currently being held in escrow account by the PCGG at the Land Bank of the Philippines and the Development Bank of the Philippines.

Carranza said the responsibility of ensuring that small coconut farmers will be the beneficiaries on the 24 percent SMC block now lay in the hands of President Benigno "Noynoy" Aquino III.

"We would welcome a clear and categorical statement from the President that the recovered levy will be utilized for the anti-poverty program and the implementation of a pro-small coconut farmer development roadmap," he said.

For his part, Ed Mora, leader of Pambansang Kaisahan ng Magbubukid sa Pilipinas (PKMP), said it is high time for the President "to lay his cards on his true plans in alleviating poverty particularly to the poorest of the poor small coconut farmers."

"The fund utilization of 24 percent shares should be directly benefit poor coconut farmers through the poverty reduction roadmap," he said.

Mora said they would be vigilant to ensure significant farmers' voice, or representation in the proposed trust fund council that will be created once the proposed bill is passed.

By Lilybeth G. Ison -PNA/ PIA9-ZBST

Related news items:
Newer news items:
Older news items:

Add comment

Security code


15 Oct 2017 Hits:93 Be the first to comment!

Del Octubre 6, 2017 ya hace el opening del La Hermosa Invitational Volleyball Tournament na Zamboanga Trade School . Este el primer torneo de volleyball ya hace na Ciudad de Zamboanga na esfuerzo di Allan Escudero , Presidente del ZCVA Zamboanga City Volleyball Association .Personalmente ya anda si Allan na 5 Ciudad y provincia para invita con el maga participantes /teams bene na Zamboanga para con el competicion .Ya hace el competicion del Men Volleyball na Trade School y Women Volleyball na Sta Maria Central School . Closing y awarding ya hace na Sta Maria Central School . Si Allan tambien el ya hace el manera para na preparacion del torneo y el fellowship . Ya queda este posible na [...] Read more

Prev Next Page:


14 Oct 2017 Hits:71 Be the first to comment!

Oct. 7-8 2017 UZ IHK Campus,  Veterans , Zamboanga City GIRLS/WOMEN 12 yrs old & below 1ST PLACE  - RAMOS, ROSE JEAN        Mampang WC 2ND PLACE - HIPOLITO, JEANETH      [...] Read more


08 Oct 2017 Hits:143 Be the first to comment!

Este si Abdulbasir Yasin Tamsilani, 50 años de edad , 5’11” el altor, residente de Campo Islam , Ciudad de Zamboanga. Su tata si Hji Tamsilani Mahamud . Su esposa [...] Read more


07 Oct 2017 Hits:127 Be the first to comment!

Este si Mark Salcedo Capuy, su palayao “Duduy”, 29 años de edad, 6 ft el altor, residente de Luyahan , Ciudad de Zamboanga . Su mayores si Almario Alejandro Capuy [...] Read more


01 Oct 2017 Hits:217 Be the first to comment!

Este el Resulta del  Private Schools of Zamboanga City Athletic Association (PSZCAA) swimming competition del September 9, 2017. El maga ganador del competition ay representa con el  PSZCAA na Triangular [...] Read more

DOST, NAST call for 2018 award nominations

30 Sep 2017 Hits:147 Be the first to comment!

The Department of Science and Technology (DOST) and The National Academy of Science and Technology (NAST) are actively searching for possible nominees for various DOST and NAST awards. NAST, the highest [...] Read more

WMSU researches intensify promotion of rubber production in Zambo Peninsula

29 Sep 2017 Hits:213 Be the first to comment!

The region’s economic growth created greater capacity for consumption for different sections of the population. This has stimulated the demand for various products especially agricultural products, thus, generating the need [...] Read more


29 Sep 2017 Hits:179 Be the first to comment!

Este el istoria del persona que ya contribui su talento y tiempo para na maga swimmers de Zamboanga . Este si Rene Sta Teresa, head coach de Aqua Force , [...] Read more

Religious leaders renew call for peace education amid Marawi crisis

28 Sep 2017 Hits:296 Be the first to comment!

Filipino Religious leaders who attended the annual peace gathering in Rome, have vowed to advance the spread of peace education in all educational institutions to reach a common understanding and [...] Read more


28 Sep 2017 Hits:167 Be the first to comment!

Este el nuevo officers del ZCASA (Zamboanga City Amateur swimming Association) del September 15, 2017, President- Rustum Villanueva, Vice President- Dr. Omar Aranan jr, Secretary- Sherry Pengson, Treasurer- Kharen Bandolis [...] Read more

1,300 personnel to secure Zamboanga Hermosa Festival

27 Sep 2017 Hits:193 Be the first to comment!

Roughly around 1,300 security personnel are expected to be deployed all over Zamboanga City for the celebration of the Zamboanga Hermosa Festival in October. Acting City Police Director, PSSupt. Neri Vincent [...] Read more


27 Sep 2017 Hits:163 Be the first to comment!

Este istoria ya revela canaton el coach Ednie Morones del dos teams que ya gana na torneo reciente lang ,el varsity team del Baby Bulldogs ya gana na torneo del [...] Read more


25 Sep 2017 Hits:196 Be the first to comment!

Este si Jowie J. Natak , 44 años de edad , 5’ 9 el altor , anak di Nasal Natak y Remedios Jamie Natak que ta esta na Malayal Sibuco [...] Read more


24 Sep 2017 Hits:162 Be the first to comment!

Este el istoria porcaosa del nuevo posicion que ya dale con Rev. Fr. Jonathan Duka y Omar Bowon, el dos cabesa pensante, que ya delega canila cuando ya atende sila [...] Read more


22 Sep 2017 Hits:159 Be the first to comment!

Este clase de desportes el Motor Sports – Autocross /Drifting                               El presidente del organizacion si [...] Read more

Mini-grocery loses P.5M to robbers

20 Sep 2017 Hits:204 Be the first to comment!

The Sta. Maria Police (Police Station 7) is now conducting a deeper probe on the robbery of a mini-grocery in Barangay Tumaga, this city, where the sum of P500,000 was [...] Read more

Three hurt including a minor in vehicular incident

20 Sep 2017 Hits:213 Be the first to comment!

Three persons including a minor were injured after they were hit by a motorcycle along MCLL Highway, Barangay Quiniput, this city, last Saturday. Police identified the injured victims as Floribel Perez [...] Read more


20 Sep 2017 Hits:167 Be the first to comment!

Este si Flora May S. Ceno, ta llama conele Flora , 20 años de edad, residente de Poblacion, Lakewood Zamboanga Del Sur . Su mayores si Rolando M. Ceno y [...] Read more


17 Sep 2017 Hits:181 Be the first to comment!

Este si Ghen Yhan Cabayaruz Berdon , su palayao “yan Yan”, 15 años de edad 5’4” el altor, anak di Agbayani D. Berdon y Genalyn Cabayacruz Berdon , hermano  si [...] Read more