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Aquino to do what’s right on coco levy funds–Palace

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President Benigno Aquino III. INQUIRER FILE PHOTO

President Benigno Aquino III will decide based on “what is right for the people” the disposition of the coco levy funds.

“Every action that the President has taken is really for the people. That’s the reason why P-Noy (Aquino) is there,” said deputy presidential spokesperson Abigail Valte, dismissing allegations by a farmers’ group that Mr. Aquino was poised to enter into a compromise agreement with his uncle, businessman Eduardo “Danding”  Cojuangco, over the disputed funds and the assets that were acquired with them.

“Many such stories have been coming out but rest assured, the government will do what is right for the people,” Valte told  state-run dzRB radio.

“The President will always do what is right for the people,” she said.

The Kilusang Magbubukid ng Pilipinas (KMP) has challenged the President to reveal what his plans are for the coconut levy funds, particularly with the 24-percent block of San Miguel Corp. (SMC) shares bought with the funds, after the United Coconut Planters Bank (UCPB) and United Coconut Planters Life Assurance Corp. laid a P15-billion claim on the shares.

The 24-percent block of SMC shares—originally 27 percent but later diluted because of the SMC equity increase—is part of a bigger block of 47 percent SMC shares that the Presidential Commission on Good Government (PCGG) sequestered in 1986 for allegedly having been acquired illegally through the use of coco levy funds by the late dictator Ferdinand Marcos’ cronies, principally Cojuangco who was made administrator of the levy by the dictator.

Cojuangco claimed to personally own the remaining 20-percent block, comprising 400,000 shares, which the PCGG had contested in court. (During the Estrada presidency, Cojuangco acquired voting control of the shares, paving the way for his election as chairman of SMC.)

The PCGG claimed that Cojuangco and his associates had used the levy funds to acquire the UCPB, which became a depositary of the levy funds, buy the shares in SMC, create the Coconut Industry Investment Fund (CIIF) and 14 holding companies, acquire six oil mills, among many alleged schemes.

Petitioner PCGG claimed that Cojuangco, in violation of fiduciary trust, borrowed funds from UCPB, of which he was the president, and the six oil mills to purchase 20 percent of the SMC stocks in 1983.

The Supreme Court awarded the 24-percent SMC shares to the government for the benefit of the country’s coconut farmers but in an April 12, 2011 decision, the high court gave Cojuangco the 20-percent block, saying the businessman was not a Marcos crony and that he did not use the levy funds to buy the shares.

Letter bombardment

Hoping that the high court decision on the Cojuangco shares can still be reversed, coconut farmers are resolved to bombard the Supreme Court with letters to reconsider the ruling, which became final and executory this week.

House party-list member Neri Javier Colmenares (Bayan Muna) said the farmers’ groups include the Kongreso ng Manggagawa sa Koprahan (Kompra) and Bicol Coconut Planters Association Inc. (BCPAI), among others.

Kompra and BCPAI belong to a group of coconut farmers fighting for the transfer of coco levy funds to the rightful owners—the coconut farmers who paid the forced tax that Marcos levied on the industry for nine years.

They had filed with the high court a motion to intervene in the case filed by PCGG and farmers groups represented by former Senators Jovito Salonga and Wigberto Tañada, but the motion remains pending.

Colmenares urged other coconut farmers to write letters and petitions to the high court justices, so that the high tribunal would “consider the plight and anguish of the sector.”

Aquino-Cojuangco plot?

Willy Marbella, KMP deputy secretary general, has called on coconut farmers across the country to escalate protest actions against Mr. Aquino and Cojuangco whom he accuses of “ganging up against small coconut farmers” on the coco levy funds.

“It is the duty of small coconut farmers themselves to launch struggles for the recovery of the coco levy funds and assets, directed against Aquino and Danding (Cojuangco), that is closely linked to the struggle against the monopoly of vast tracts of coco lands by big landlords, the onerous resicada system, and other forms of landlord and state exploitation. No ifs, no buts,” Marbella said.

Marbella, a coconut farmer from Bicol, said the heightened protest actions aim to expose the “conspiracy between Aquino and Cojuangco in the continuing commission of plunder over the funds and blatant injustice to small coconut farmers”.

He said Cojuangco’s support for Mr. Aquino in the latter’s 2010 presidential candidacy had political and economic quid pro quos that included compromises and concessions over the coco levy funds.

“Obviously, the two factions of the Cojuangcos who had previously estranged relations are ganging up against us,” said Marbella.

Marbella, who is also the spokesperson of Kaisahang Pambansa ng mga Magsasaka sa Koprahan (Koprahan), said Aquino’s silence on the coconut levy issue does not mean that the President is “Noynoying,” or doing nothing over the issue.

“In fact, Aquino is maliciously toying with small coconut farmers’ money,” he said.

Controversial appointments

Marbella noted Aquino’s controversial appointments of Jeronimo Kilayko as chief executive officer of UCPB; Francis Jardeleza as Solicitor General; and the creation of the Presidential Task Force Coco Levy.

Kilayko and Jardeleza were both associated with SMC which is chaired by Cojuangco. Jardeleza was the former SMC senior vice president and general counsel while Kilayko once headed the SMC real estate unit and vice chairman of Bank of Commerce when the SMC group took over a controlling stake in the bank.

Marbella said they also believed that the creation of the Task Force Coco Levy, which includes the National Anti-Poverty Commission (NAPC), was meant to make use of the coco funds for government programs like the conditional cash transfers.

“The NAPC has no business over the coco levy funds unless they are up to something against the will of the real owners of the funds,” Marbella said.

Farmers trust fund

Colmenares has called on Congress to fast-track the passage of House Bill No. 3443, or the Genuine Small Coconut Farmers’ Trust Fund, which seeks to transform all government shares at SMC into a trust fund.

He said that the measure, if enacted, would allow “the coconut farmers themselves and their organizations (to) administer the coco levy funds to ensure that it is those who were supposed to benefit from the funds are their recipients.”

Senate President Juan Ponce Enrile has filed a similar bill, Senate Bill No. 2978 which seeks to declare the 27-percent (reduced to 24-percent) block of SMC shares awarded to the government as public funds because it was bought with the levy funds, and to be placed in a Coconut Farmers Trust Fund.

“(The) 27-percent share, once this bill is enacted into law, will form part of the initial capital of the fund,” Enrile said.

This block of shares has been designated the SMC-CIIF block because it was acquired under the CIIF in an elaborate scheme that included the formation of 14 holding companies arranged by Cojuangco’s Accra lawyers.

This SMC-CIIF block comprised 753,848,312 shares and valued, as of January 20, at P57 billion.

Cojuangco’s 20-percent block was officially valued in January at P58.09 billion. With Delfin T. Mallari Jr., Inquirer Southern Luzon

First posted 8:52 pm | Saturday, March 31st, 2012


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Tags: Benigno Aquino III , Business , Coco Levy Fund , Coconut Farmer , Coconut industry , Coconut Levy , Danding Cojuangco , Government , Ill-gotten wealth , Judiciary , Kilusang Magbubukid ng Pilipinas , Politics , San Miguel Corp. , UCPB


  • tiopaero

    Potang ina ka ! Abnoy  you cannot even do what is right for Hacienda LUisita Farmers eh!
    sa coconut farmers pa kaya !!!  utot mo !!!!

    • http://pulse.yahoo.com/_Y7TGPB7HN4DRFBKJFT2SXCFWWY Israel

       second the motion ako sa sinabi mo tol.

    • bong umpa

      Dude, wala sa tama ang kumento po ninyo. Ganyan ba ang itinuturo ng mga magulang sa mga anak na papaano magiging bastos?

      • KapitanBagwis

         Ano ginagawa ng moderator kung totoong meron???

    • http://profile.yahoo.com/K4ZU3F4UHKD3JVMTDNUBHSXSXY Erlinda Brave

      PUTANG INA MO RIN TIOPAERO……

  • adam_d_ant

    he. he, he///// do right .. yeah right.

    ang usapan … hey, uncle …… hati tayo ha, huwag lang pahalata at daming nakaabang …. kunwari “war” tayo …. kunwari ikaw bad, ako good …. you budoy, me retard …. runs in our blood, di ba?

  • http://pulse.yahoo.com/_Y7TGPB7HN4DRFBKJFT2SXCFWWY Israel

    Ang sabi ni Bb. Valte eh ang gagawin ni noynoying ay kung ano ang makabubuti sa taong bayan tungkol sa coconut levy? Totoo ba un? Ewan ko lang. Di kapanipaniwala ata ung binanggit ng tagapagsalita ni noynoying. Kasi ung problema ng mga magsasaka sa hacienda luisita eh hanggang ngayon nakabibingi ang katahimikan ng mga taga ilog pasig!

  • KenKhoy

    secret daw

  • nestleraisinets

    SINUNGALING na presidente…

    • aristeosj

      kabayan,anong kasinungalingan ang ginawa ng presidente?

    • http://profile.yahoo.com/K4ZU3F4UHKD3JVMTDNUBHSXSXY Erlinda Brave

      SIRA ULO KA NESTLERAISNETS….

  • jurbinsky77

    Talagang basura ang utak ng maraming posters dito.

    It was the Supreme Court’s screw-up but these folks are livid against the President. Mga gunggong! Puro kayo utak galunggong. Mahiya kayo.

    You have a wrong and misguided sense of righteous indignation. Go to the SC and protest against this yet again injustice to the people. This Supreme Court is rotten to the core, so go to Taft Avenue and unfurl your red banners. Your idol Renato Corona is in his office and check with him why he voted against the farmer’s welfare.

    You can also ask the opinion of Bongbong Marcos. This coconut levy was a legacy of his evil father.

    • bogart73

      Puro reklamo, di pagbigyan si abnoynoying sa kagustuhan niya me reklamo, ngayong pinagbigyan ang uncle ni abnoynoying na mapasakanya ang ninakaw niyang pondo ng mga magsasaka ay kontra na naman.. ano ba talaga kuya?

    • SeanPhilippe

      I agree with Jurbinsky77.

      The issue on this Coco funds is not for the President to decide but for the Supreme Court to make a ruling. And they did and it is FINAL AND EXECUTORY.

      Blaming the President on something he has no power over is a desperate attempt to alter the issue that has been plaguing our Courts.

  • jurbinsky77

    The Aquino family and Danding Cojuangco are enemies since the old Pedro Cojuangco committed his trust to the late Sen. Benigno Aquino Jr.

    Stop that nonsense, mahilig kayong gumawa ng drama. Kailangan ninyong nakita si Danding na kasama ni Pres Cory? Even when the beloved President died, Danding Cojuangco proved to be a useless blood relative. 

    How can you post something on which you don’t have information?

    Mga bobo kayo!

    May nag-second the motion pa.

    • Francis81

       Huli ka na sa balita, matagal ng nag reconcile ang Aquino at Cojuangco families.  Nuong sinabon si Pweenoy ng Cojuangco ellders dahil pinaland reform ng SC ang Hda. Luisita, isa sa unang tinawagan ni Pweenoy para pa impeach si Corona ay si Uncle Danding niya.  Kailangan niya ang NPC Block sa Congress ni Uncle.

      • http://profile.yahoo.com/K4ZU3F4UHKD3JVMTDNUBHSXSXY Erlinda Brave

        francis na bakla MAHILIG SA TSISMIS HA HA HA HA OGAG….

      • adam_d_ant

        he. he. he.  si aling erlinda talaga …

        hindi ka lang pintulan ni francis tinawag mo ng bakla …. pa bayani ka na lang… kesyo mga budoy ang volunteers

  • http://pulse.yahoo.com/_IZHI74IQXRUXUVEDHVAW2EKOLM Jonald

    Sino ba sumporta sa election ni abnoy di ba si tito danding? hahahha ti

    • http://profile.yahoo.com/K4ZU3F4UHKD3JVMTDNUBHSXSXY Erlinda Brave

      ogag ang sumusuporta sa election ni pnoy ay ang milyon milyong bumoto sa kanya bob o..palibhasa idol mo mga corrupt…

      • http://pulse.yahoo.com/_2DV4K5UK2EIHUQ47UJ36DCYYBY Alfred Inting

        obob!  kung wala si danding, major contributor ng campaign funds, di maitaguyod ni noynoying ang pangangampanya at walang boboto sa kanya kundi ang mga abnoy at noynoying….

      • KapitanBagwis

         Opinion mo lang yun…o kaya hula mo lang yun…at least yung binoto ng sinasabing mong abnoy nanalo…pero tingin ko ikaw ang abnoy kasi pinili mong kandidato natalo.

    • BacolodBoy

      ang mga alipores niya na nakikinabang ngayon!!! sus president ba yan bago sya tumakbo dapat may polisiya na sya…yan noynoying!!!!

  • Timechange

    Action speaks louder than words.

    • KapitanBagwis

       Think ten times before you open your mouth….ang lumalakad ng marahan kung matinik ay mababaw.

      • http://pulse.yahoo.com/_R5SYYA4JEULBBXN25JY2ULYDCY Frustrated

        Bakit aantayin mo pang matinik; kahit mababaw ay tinik pa rin yun! Lumakad ka sa walang tinik at lumakad ka ng mabilis…ito ay win-win situation!

      • KapitanBagwis

         hehehe..kasabihan lang po iyon..do not interpret it literally..

  • KapitanBagwis

    For those who are jumping the gun and quick to judge Pnoy…Pnoy said ang lumalakad ng marahan kung matinik ay mababaw…in other words think ten times before you move or open your mouth.

    • Francis81

       Ang lumalakad ng sobrang marahan ay NOYNOYING! HAHAHAHAHA!!!

      • Leonardof

        MASAKIT SA TAYNGA ANG TAWA NG DEMONYO, DI BA?

      • KapitanBagwis

         The Lord says fight evil with good…pagpasensyahan mo na at hindi tama ang pagiisip niya.

      • KapitanBagwis

         Wala naman akong sinabing sobra ah….talaga ikaw francis magsalamin ka nga para makabasa kang mabuti

      • adam_d_ant

        kabayan meron pang ibang version ‘yan …

        “ang lumalakad ng marahan ay hindi alam ang pupuntahan” … “ang lumalakad ng marahan ay aabotin ng siyam-siyam bago makarating sa paroroonan”  …”ang lumalakad ng marahan ay nawawala” … “ang lumalakad ng marahan ay pilay” …

    • http://pulse.yahoo.com/_2DV4K5UK2EIHUQ47UJ36DCYYBY Alfred Inting

      but you are too quick to judge corona guilty…double standard!

      • KapitanBagwis

        Yes, I am very quick to judged that man like the 73 % of the people who are quick to judged him too who want him convicted for his sins to the people.

      • Leonardof

        Are you deaf or a plain nitwit not to understand what the basas, cj’s relative by affinity, had exposed how the cj oppressed them. The SALNs, the peso and dollar bank deposit, the midnight appointment, flip-flopping, the TRO that would have allowed arroyo to evade prosecution, etc. are  more than enough to show that he is guilty.   

  • Francis81

    Valte please define “people”.  

    Valte: People – Cojuangco, Aquino, Joshua, Baby James, Balsy, Viel, Mommy Cory, Daddy Noynoy, and KKKKKKs.

  • impending_raptor

    Do what is right?…Mr. Pres. your not even in the right state of mind.

    • http://profile.yahoo.com/K4ZU3F4UHKD3JVMTDNUBHSXSXY Erlinda Brave

      YOU ARFE THE ONE WHO IS NOT IN THE STATE OF MIND IMPENDING NA OGAG PALIBHASA MGA IDOL MO MGA CORRUPT….

    • Leonardof

      When a mind start RAPPING in obvious crazy manner, there will be an IMPENDING damaged to the brain leading to psychotic or psychophatic behavior. Suggest you start  going to a psychiatrist so that you can at the least give a respect to a trustworthy president and not the likes of your idol, the most corrupt president and the cj. 

    • kolambogan

      no proof, pure conjectures

  • http://profile.yahoo.com/J4ZM6ZYRE3V2NE7V6THQUVS7WA Fred

    I can it see it now, more SC justices will be drag to the impeachment court until they do whatever PNoy and his KKK wants.

    • enrique119

      And what does PNoy want in connection with the levy funds that he will drag more SC justices to the impeachment court? Do you mean he wants the SC to reverse the decision giving Danding ownership of the 20 percent?

      If that is what he wants then he is really protecting the rights of the farmers, right? You have a quarrel with that?

      If he wants his uncle to keep the SMC shares why should he impeach the justices who just decided to give it to Danding?

      In your rabid anti-PNoy stance, you have a convoluted logic. Pakitanggal mo ang pagkakabuhul-buhol ng sinasabi mo. Isang sentence lang iyan, nagkasala-salabid pa.

  • http://pulse.yahoo.com/_2DV4K5UK2EIHUQ47UJ36DCYYBY Alfred Inting

    he doesn’t even know what’s right…. 

    • Leonardof

      TAG-INTING TALAGA ANG KA-BOBOHAN AT KASAMAHAN ANG PAG-IISIP MO.

    • KapitanBagwis

       Galing mo…ikaw lang ang marunong..bakit hindi ikaw ang naging presidente ng Pilipinas?

  • Fulpol

    Si Cory side at Danding side magkaaway… Cory at Marcos ay magkaaway, pero sa paglipas ng panahon, nagbago..

    1. Si Noynoying at Kris nangampanya sa balwarte ng Marcos sa Ilocos Norte..
    2. Nagbigay ng campaign donation si Danding kay Noynoy..

    nangyari lahat yan pagkamatay ni Cory…

    umiiyak sina Cory at Ninoy sa blunders na pinaggagawa ng mga anak nila… 

    the shadow of darkness magnified or transferred to children of Cory and Ninoy…

    hahah
    hahah
    hahaha

  • BacolodBoy

    sus its clear he has no concrete position!!! what a noynoying president!!!

  • waawmali

    Do “what is right for the people” by stop being such an idiot Mr. President.

  • adam_d_ant

    teka muna “noynoy”  … ano ba ang right?

    mga kababayan, hintay muna tayo at nagmumunimuni pa si tatang simeon … hindi pa n’ya alam ang tama at mali … kailan n’ya malalaman?  ayon ang malaking tanong?

    baka sa loob ng apat na taon, o maaring pag wala na s’ya sa palasyo o maaring bagka me alzheimer na s’ya. ..

    masyado kayong demanding na mga pilipino …. busy si simeon .. nag “noynoying” pa at pagkatapos maglalaro ng psp bago maki pag telepono ke grace  ….. give simeon a lot of space  …. bakante ang isip ng tao pinipilit n’yo mag-isip ……. kayo talaga oo …

    • False_Prophet

      Adam the ant and The Arroyo donkeys are out in full force again, pouting their schoolgirl rage against President Aquino, who the People hopes, will make more just policy of redistributing the wealth to create a stronger middle class for the Philippines. This is a great improvement from the psychotic thief Arroyo who stole with greed that borders on a mental disease.

      • adam_d_ant

        hoy bulaang profeta,

        ano ang i-distribute ni retard?  ka-abnoyan?  dami na n’yo – 15 million during the last count at me plano pa kayong dagdagan?  madami ng gumaling at hindi na kulay dilaw ang paligid pero ang malala na, mukhang wala ng pag-asa. 

        since mag distribute ng “grasya” si retard, paki sabi na padalhan naman kaming mga little girls ng ribbons  …. oooops … naalala ko, galit pala sa ribbon si retard kasi bokalbs …. allergic sa ribbons …

        distribute the wealth?  he. he. he…. kano bayad sa inyo ni retard?  saan galing ang allowance n’yo?  doon ba sa 2000 container vans na nawala sa pier o sa 2000 luxury vehicles na nawala na parang bula sa subic?  o baka naman galing sa “industry practice” ni naguiat … balato naman ‘tol

      • kolambogan

        Adam_ant andidiyan ka naman sa 15 million number mo, talagang masiyado kang bilib sa iyong figure ano? Sino ang nag count at kailan ito ginawa o produkto lang talaga yan ng iyong tunay na mapang-aping isipan laban kay P’NOY at bale wala ang mga kawalanghiyaan ng nakaraang Administrasyong Arroyo? Maging patas ka, para ka maging kapani-paniwala sa iyong mga banat. 

      • adam_d_ant

        nagkolambogan na naman isip mo bata  .. 15 million  .. di ba ‘yan ang bumuto ke retard at me kasama pang tawad  … o ‘yan … hirap ba bilangin ‘yan …

        aba’y sino ang ayaw ng patas?  precisely dumadami ang mga alagad ng kalaban ni retard dahil hindi patas lumaban  .. basta kakampi kahit palpak, okey lang … pag kalaban, hahanapan ng butas kasi alam na idedepensa ng mga “supoters” na miyembro ng 15 million retards ….

        ang mga nauuto talaga ni budoy … ngeeee….

  • goavan

    volte, let noynoying speak…kaya lang baka nagnoynoying pa

  • http://profile.yahoo.com/7J5OJPSP3XAGXKEFP26DKJM6R4 Rex

    Do not use dirty words in public media or you must be a dirty person yourself. Have respect so you will also be respectable.

  • http://profile.yahoo.com/7J5OJPSP3XAGXKEFP26DKJM6R4 Rex

    WHY DO INQUIRER ALLOW DIRTY COMMENTS? GANYAN NA BA KA RUMI ANG INQUIRER? MAY WE KNOW MR. EDITOR. NO MORE RESPONSIBLE  PUBLICATION? IS FREEDOM OF THE PRESS UNLIMITED? 

  • enrique119

    Hindi po madaling hanapin ang tamang dapat gawin sa coco levy funds.

    1. Mahirap ma-identify iyong dapat na beneficiaries dahil magulo ang rekord ng kung sinu-sino ang nagbayad ng buwis. Iyong marami nangamatay na, meron namang nagbago na ng hanapbuhay. Hindi puwedeng lahat na lang ng nagpiprisintang coconut farmers ngayon ay makikiangkin na sa hatian ng benepisyo mula sa pondong kontribusyon ng mga orihinal na coconut farmers noong martial law.

    2. Alin-alin bang organisasyon ang kumakatawan sa mga lehitimong beneficiary para sila ang konsultahin sa nararapat gawin sa pondo na kasalukuyang SMC shares pa? Ibebenta ba ang shares of stock at pag pera na, ano ang gagawin sa pera? Kung sasabihing ipapamudmod ang pera magkakalabu-labo ang libu-libong umaangkin ng karapatan.

    3. Kung ipapamudmod bilang pera, sakaling mapagkasunduan kung sinu-sino ang pagbibigyan at magkano bawat isa, sa isang iglap ubos at lusaw na ang bilyun-bilyon. Hindi rin totoong makakatulong sa industriya ng niyog ang pondo.

    4. Kung gagawing investment at loan fund, ano ang ahensiyang hahawak at sino ang mamamahala?

    Hindi po simpleng tukuyin ang mga dapat gawin sa coco levy funds upang mabigyan ng hustisya at karampatang pakinabang ang mga KARAPAT-DAPAT na benepisyaryo.

    • MNLFoodcritic

      Excuse me po, lahat ng coco farmers na nagbigay ng levy ay binigyan ng cocofed certificate. Ang duplicate copies po ay nasa office sa top floor ng UCPB building sa makati.

  • sephgabriel

    INQUIRER TALAGANG PURO BUILD UP KAY NOYNOYING PAG GUMAWA NG HEADLINE AT PURO PANINIRA PAG KALABAN NILA. SHAME INQUIRER. TOO OBVIOUS ON YOUR BIASED JOURNALISM

  • http://pulse.yahoo.com/_XNBUUMFGHLCZQMA2UV7YPTKKX4 Margie

    I think one of the right thing to do for Noynoy is to push for the scrapping of bank secrecy law and  passing of Freedom of Information bill. With these, money trail can be easily established especially where the monies are coming from different businesses. I hope he has the courage and the will to do these for the good of the country.

    • enrique119

      Steps must indeed be taken in those directions. But scrapping the bank secrecy law will be very tough. This law involves international agreements which governments have to respect. Further many powerful vested interests will fight relaxing the law. Aquino cannot do it by just will and courage. Many wealthy people, in and out of government, will oppose him.

      • KapitanBagwis

         I agree…rich and powerful have lobbyist working for them in congress to block amendments to laws protecting their interest. The president must have the political will to fight the rich and powerful to achieved his Daang Matuwid

  • MNLFoodcritic

    Why is it so hard for Noynoy to be very clear and just give the true ownership of the funds to the coconut farmers? All the farmers who paid levies were given Cocofed certificates and the duplicate copies are kept in UCPB. UCPB accounted and audited all these shares and certificates and kept in their database. Giving the money back to its true owners IS the right thing.

    • KapitanBagwis

       Tell that to the justices at the supreme court who penned the decision in favor of Danding.

      • MNLFoodcritic

        You’re talking about the 20% of SMC “given”by SC to Danding. We’re talking about the remaining 24%. Inquirer should block s-t-u-p-i-d people from making comments here.

      • KapitanBagwis

        Tao lang po nagkakamali…mabuti ka pa perfecto..hindi nagkakamali…you can correct me without that condescending remarked …shows your color.

  • katabay1106

    Almost two years in office and Pnoy still has no decision on SMC shares bought by his Uncle Danding using the Coconut Levy Funds. Maybe he is still waiting for the SC rule that favor his Uncle Danding to be final ang executory so he will say it is the SC faullt. Nice noynoying.

    • tgtercero

      The Supreme Court ruling on Danding’s 20% of SMC is already final and executory!

    • jurbinsky77

      How many President’s have their completed without touching the coco levy issue?

  • SeanPhilippe

    The shares that is at issue here totals 47 percent of SMC shares, which the PCGG sequestered in 1986.

    Conjuanco claims the he owns the 20%, which the Supreme Court agreed and ruled it as final and executory.

    The remaining 27% was reduced to 24% because of SMC’s equity increase. This 24% shares amounting in billions of pesos was awarded by the Supreme Court to the government. However, this is now being claimed by UCPB and Cocolife.

    Until there is no decision on what to do to this funds, we have to trust the President that he will make the “right decision” to benefit the people.

    And hopefully, the people being referred here are the coconut farmers. Thus, it is pertinent that the President lays down his plans on the levy funds soonest.

    If in case there is an issue on how the funds will be used or spent, the Coconut farmers can always file a TRO to the Supreme Court and address the issue there.

    Let us hope that everyone will be guided accordingly.

  • victorts

    What is right for the Cojuangco-Aquino family is what is right for the people.   That is why until now the distribution of Hacienda Luisita is not being done by Pnoy because it is not right for the people.  We can expect the same for the coco levy fund.

    • AmBoy24

      maniwala kayo sa panot na iyan.siguradong uupuan lang ang issue na iyan.

  • tgtercero

    The statement of Marbella….”In fact, Aquino is maliciously toying with small coconut farmers’ money” is not based on fact!   He is  “in fact”  guessing.  He is claiming to know what is in the President’s mind.   The statement is also malicious. And unkind.
     
    The quality of discourse over very serious matters such as the coco levy fund is not enhanced with expressions of misguided anger and unsubstantiated accusations against the president. 

    Conspiracy theories and inflammatory rhetoric  abound very much among the  participating commenters who apparently do not know what they are talking about. But the internet excercises freedom of speech…..with most enjoying the freedom to be unreasonably ignorant and stupid. Talking unsensibly and blogging imbecilities will never cook a  pot of rice!!!

    The abuse of the freedoms that we enjoy  in the Philippines might be fun but does it contribute to progress and our economic well-being?

  • dead_pixel

    Tuwang-tuwa nanaman si DONKEY SOLIMAN dahil may karagdagang pantus-tus nanaman ang CCT aka LIMUS program ni noyAbnoy!

    Sa mga kawawang beneficiaries, HUWAG na kayong umasa!
    Sabaysabay nalang kayong lumuhod kasama ang mga magsasaka sa Hacienda at magdasal na sana, tubuan kahit konting utak at konsensya ang presidenting hinalal ng mga yellow zombies! 

  • pangitbudhiko

    to do what is right. okay you don’t need to be rocket scientist to find out what is right fot the people.

    please naman abnoy wag mo ng paglolokohin ang masa, sobra sobra ang panloloko mo sa taong bayan. enough

  • jiro2003

    Will do the right thing? That’s if he does anything at all. 

    What’s appalling is the apparent lack of urgency in acting on matters that would help the lowly farmers.

  • wawa2172

    Valte is toying with the Filipino people. By the end of the week the SC decision on coco levy will be final and executory. Funny however the leftest lead by Colmenares are on the quandary that despite their support for Noy to impeached Corona they are snub by the president on the issue. Blood is thicker than water, and the decision on the coco levy is a balance for Noy after losing HLI temporarily from the SC decision and getting the nod on coco levy. On both side of Aquino-Cojuangco, that of Tarlac and Danding , he benefits on ever gain. He is so silent on the coco levy issue because for one thing he hates farmers and HLI massacre will proved it. He had commented a lot against the farmers when massacre at the hacienda happened. In politics its weder-weder, Noy has all the machinery in his power and the Aquino-Cojuangco rules.

  • Nald_Ap

    “The President will always do what is right for the people,” Valte said.

    In other words, they don’t know yet what to do.

  • http://pulse.yahoo.com/_EDXEVEFHW2ZT5VWHDWBNM6XGE4 RyanE

    A law creating a Farmers trust fund through House Bill No. 3443 and Senate Bill No. 2978 should be passed soonest. Specific provisions should be laid down with the interests of the coco farmers the main objective.

    • http://pulse.yahoo.com/_H225J62UZJRMG2PMZ6BB6UOYCI tipay

      will the decision of the SC be reversed with the passage of the that bill and the P50B+ due to the government be taken from cojuanco? 

  • http://pulse.yahoo.com/_H225J62UZJRMG2PMZ6BB6UOYCI tipay

    “The Supreme Court awarded the 24-percent SMC shares to the government for the benefit of the country’s coconut farmers but in an April 12, 2011 decision, the high court gave Cojuangco the 20-percent block, saying the businessman was not a Marcos crony and that he did not use the levy funds to buy the shares.”
    “Cojuangco’s 20-percent block was officially valued in January at P58.09 billion.”
    WOW, another flip-flopping by the high court which involves  billions of pesos. Magkano na naman kaya ang katapat nyan. talagang mayayaman ang mga justices sa sc at tiyak nasa dollar accounts nila ang mga yan.

  • http://pulse.yahoo.com/_OHUUEZMSDKFMZLMGHAF6MUB5HI Freddie Mariano

    “…coconut farmers are resolved to bombard the Supreme Court with letters to reconsider the ruling, which became final and executory this week.”
    Isang sulat lang ang kailangan n’yo – yong galing kay Estelito Mendoza.

  • kilabot

    meaning do nothing. noynoying state of mind.

  • http://pulse.yahoo.com/_OSPLKSPHZHKEVAMNJQQV4GDGAQ ely

    Noynoying Joke : (Pnoy visit to England – Queen Elizabeth)

    Noynoying : Your majesty – how to run a good government?

    Queen : Simple, your people surround you shall be intelleigent.

    Noynoying : How may i know people surround me are intelligent?

    Queen : Called Tony Blair. Ask him – Tony answer this question. Your mother and father have a child it is not your brother and sister. who is it?

    Tony : No hesitation. answer! It hould be me.

    Queen : Right Tony.

    Noynoying : Return to malacanang calling his all staff and cabinet. All of you answer this question.

    Noynoying :  Your mother and father have a child it is not your brother and sister. who is it?

    All : No one can answer, coloma, lacierda, abad and valte answer that they will research on that question.

    Coloma : Asked his staff, Your mother and father have a child it is not your brother and sister. who is it?

    Staff : No hesitation. answer! It hould be me.

    Coloma : Return to PNOY, Sir I know already the answer. It hould be me.

    Noynoying : Wrong you idiot its Mr. Tony Blair….

    hahahah tawa naman… kayo…

    • pangitbudhiko

      akala ko matalino na si abnoy, kahits sa kuwento bopol pa rin

  • http://pulse.yahoo.com/_2VLO53PRSSY76BZOWLOHJDM33M jeray

    ta ngang noy namulat ka sa mundong eto alam mo na ang coco levy, tapos hanggang ngayon d mo alam ang gagawin mo!!!!

  • http://pulse.yahoo.com/_WYAZBOJYIUCRLWTYJBORBVTTOI boyfarmer

    And what is right for the people? pag xur oi



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