Pangilinan, who chairs the Senate Committee on Agriculture and Food, said the funds may now be used to develop the coconut industry using the whole coconut, not just the copra (or the dried mature coconut meat) which forms the core of the industry now.
Mula sa shares ng CIIF holding companies na ito nagmula ang 24% shares, na ipinagtibay ng Korte Suprema at Sandiganbayan bilang public funds, o ibinigay sa pangangalaga ng gobyerno sa ngalan ng mga magniniyog at ng coconut industry.