Tag: coco levy fund

LANDBANK-UCPB merger clears way for further development of Philippine coconut industry

Posted on By Ramon Ortoll 1 Comment on LANDBANK-UCPB merger clears way for further development of Philippine coconut industry
LANDBANK-UCPB merger clears way for further development of Philippine coconut industry

The United Coconut Planters Bank (UCPB) was one of the largest unibanks in the country before the Presidential Commission on Good Government (PCGG) sunk its claws into it. After 1986, the bank continued its sterling performance until the old guard were replaced by executives who managed to weasel their way in through political godfathers. The…

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Business, Money Talks

The Coco Levy Scam, Danding Cojuangco and Grace Poe

Posted on By Virtual Vigilante 24 Comments on The Coco Levy Scam, Danding Cojuangco and Grace Poe
The Coco Levy Scam, Danding Cojuangco and Grace Poe

The Coco Levy Scam orchestrated by former President Ferdinand Marcos and his cronies (foremost of which was Danding Cojuangco) during the Marcos Dictatorship, taxed the coconut farmers in the guise of developing the coconut industry and alleviating the plight of the marginalized coconut farmer. Instead, the substantial funds generated from the Levy over the course…

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Crime, Government, Politics