Supreme Court: Coconut Levy Funds Under Eduardo Cojuangco Are Government Owned

In a ruling of the Supreme Court (SC) en banc written by Associate Justice Presbitero J. Velasco Jr. dated Nov. 27, 2012 and with a vote of eight justices and six inhibitions, the SC denied the petition of Cojuangco questioning the ruling of the Sandiganbayan in July 2003 which declared that the subject shares as part of assets were illegally acquired from coconut levy funds.

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Presidential Task Force Delegated To Resolve Issues On Coco Levy Fund After SC’s Final Ruling

The controversial coco levy fund came from taxes imposed on coconut farmers during the Martial Law regime by alleged cronies of the former dictator President Ferdinand Marcos.

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Chlorine Enhances Coconut Trees To Be Drought Resistant

Coconut farmers are advised to apply chlorine as fertilizer to their coconut plants as a safeguard against drought.

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