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Audit of coco levy fund pressed due to differing estimates

Matured coconuts are collected, dehusked and dried into copra to be sold as raw material for coconut oil. Photo by LA Villariba

MANILA, Philippines – Due to conflicting estimates on the value of the “coco levy fund,” Senator Ralph Recto on Monday called for an audit of the multibillion-peso fund, which grew out of the levy on copra sales during the Marcos regime.   “There are lots of numbers being bandied about. One estimate, reportedly from the Asset Privatization Trust, […]

Posted: December 15th, 2014 in Latest News Stories,Nation | Read More »

In the know: Coconut levy funds


President Ferdinand Marcos imposed a levy on the produce of coconut farmers between 1972 and 1982, supposedly to develop the coconut industry.

Posted: November 27th, 2014 in Editors' Picks,Headlines,Latest News Stories,Nation,Nation | Read More »

Bongbong calls for end of feud between Aquino and Marcos families

President Benigno Aquino III and Senator Bongbong Marcos. INQUIRER file photo.

It is high time to put an end to the decades-old feud between the Aquino and Marcos families, Senator Ferdinand “Bongbong” Marcos Jr. said on Thursday.

Posted: November 20th, 2014 in Latest News Stories,Nation | Read More »

Martial law victims have until Nov. 10 midnight to file claims for reparation

DARKNESS FALLS ON THE PHILIPPINES The Philippine Daily Express, then a tabloid, announces the declaration of martial law on Sept. 21, 1972. INQUIRER ARCHIVES

Victims of human rights violations during the Martial Law regime have until Monday midnight to file their papers for recognition and reparation as the Human Rights Victims Claims Board ends the six-month filing period for claims.

Posted: November 9th, 2014 in Latest News Stories,Nation | Read More »

‘Imeldific’ collection of artworks (partial list)

Imelda marcos paintings

This is a list of art pieces believed to have been purchased by former first lady Imelda Marcos during the martial law years. The list of paintings, many of them by European masters and worth millions of dollars each, was attached to a petition for writ of execution and turnover filed in the Supreme Court of the State of New York by the lawyers of the victims of human rights violations during the Marcos dictatorship. The victims are claimants in a case versus the Marcos estate, and who have won a judgment in 1995 and been awarded $2 billion in damages.

Posted: October 12th, 2014 in Editors' Picks,Featured Gallery,Headlines,Latest News Stories,Nation,Nation,Photos & Videos | Read More »