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February 9, 2021: President Rodrigo Duterte would not allow ABS-CBN to operate even if a franchise was given by the Congress unless the Lopez family already paid all of their taxes. [66] [67] February 11, 2021: House Speaker Lord Allan Velasco said that ABS-CBN's franchise renewal will have to wait until the 19th Congress in 2022. [68] [69
The first iteration of the LTFRB was established on November 17, 1902, through the passing of Act No. 520. [2] The commission is in charge of classifying vessels, merchandise, and passengers in with reference to transportation under the coastwise trade, and fixing the maximum rates to be imposed on the vessels and merchandise of different classes, and people that are being moved from one point ...
The House Committee on Legislative Franchises votes 70-11 to deny the 25-year franchise application of ABS-CBN, citing several issues. [119] [120] July 11, 2020: Calida says "the end has come. Justice has been served." [121] August 25, 2020: The Supreme Court junks ABS-CBN's TRO petition against the NTC's closure order. [122] September 10, 2020
ABS-CBN (an initialism of its two predecessors' names, Alto Broadcasting System and Chronicle Broadcasting Network) was a Philippine commercial broadcast network that served as the flagship property of the ABS-CBN Corporation, a company under the Lopez Holdings Corporation.
The franchise agreement between the company and Délifrance Asia ended on December 31, 2011, and assets of Délifrance in the Philippines were sold to CafeFrance Corp. [54] CafeFrance Corp. intended to use all of the bought assets as its initial capital for a cafe chain under the a new brand name. [55] A Burger King outlet in Baliwag, Bulacan
MORE Power was founded in 2018 under the parent company of Prime Strategic Holdings, Inc. of Enrique K. Razon.On February 14, 2019, it was granted a 25-year power distribution franchise in Iloilo City signed by President Rodrigo Duterte, after Panay Electric Company (PECO)'s 97-year-long service franchise in the city expired earlier on January 18, 2019.
To help California residents battle inflation, the state started sending Middle-Class Tax Refund (MCTR) payments early October. However, some residents are still waiting for the one-time payments ...
McDonald's Philippines, known locally and colloquially and shortened as McDo [3] (), is the master franchise of the multinational fast food chain McDonald's in the Philippines. The master franchise is held by the Golden Arches Development Corporation , a subsidiary of Alliance Global Group .