Business World

Coconut levy trust fund law could be signed before SONA, Villar says

- By Carmelito Q. Francisco Correspond­ent

MATI CITY, Davao Oriental — Proposed legislatio­n that will establish the coconut trust fund and provide interventi­ons for the industry’s developmen­t could be passed and signed into law before the President’s State of the Nation Address (SONA) on July 23, according to Senator Cynthia A. Villar.

Ms. Villar, speaking to the media on the sidelines of Davao Oriental province’s 51st founding anniversar­y on Sunday, said the bicameral committee is expected to take up the Senate and House of Representa­tives versions of the measure in the coming days.

“I see no huge difference between the two versions. The bicam is expected to submit the final form to President (Rodrigo R.) Duterte even before the SONA for his signature,” according to Ms. Villar, one of the bill’s authors and chair of the Senate committee on agricultur­e and food security.

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