Thursday 19 July 2018
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4 months ago

Senate approves coco levy trust fund bill

Voting 19-1, the Senate approved on Monday a bill that would create the Coconut Farmers and Industry Trust Fund. Only Senator Risa Hontivero voted against Senate Bill No 1233. Senator Francis Kiko Pangilinan, former chair of the Senate committee on agriculture and food, voted yes with reservations, citing the amendments made last week in the original proposal. Pangilinan explained that under the original bill, a Trust Fund would be created separate from the funds of the national government.

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