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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

11/09/2004

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

Soyatech.com

CATEGORY

HEADLINE

Philippine Coconut Authority seeking funds for reh
9/10/2004 BUSINESSWORLD (PHILIPPINES) - TACLOBAN CITY - The PhilippineCoconut Authority (PCA) needs around P1.2 billion a year to rehabilitate490,000 hectares of coconut farms throughout the country and contain thecadang-cadang disease. PCA Administration Danilo Coronacion said hisagency still hopes to get part of the dividend earnings from a 27% stakein San Miguel Corp. believed to have been acquired using funds from acoconut levy collected under the Marcos government. "We all realize thatthe government is now in tight financial status that is why we are lookingat accessing whatever funds are available from the coconut levy," he said.