Proposed coco levy trust fund moves to Senate plenary

A proposed measure allowing 3.5 million coconut farmers to benefit from the P75- billion coconut levy fund has moved closer towards enactment as Senator Francis Pangilinan sponsored the bill at the plenary level on Wednesday.

Pangilinan, chair of the senate committee on agriculture and food, presented to the plenary Senate bill 1233 or “An Act Creating the Coconut Farmers and Industry Trust Fund, Providing for its Management and Utilization, and for Other Purposes.”