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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
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
"ABS-CBN: Philippine Broadcaster Sends Strong Buy Signal – Shares of the Philippines' largest TV broadcaster can rise near 50% as the country continues its rapid growth." Barron's; David Englander (March 11, 2015). "ABS-CBN: Philippine Broadcaster Can Rise 25% – Philippines' largest TV broadcaster has surged since we recommended shares last ...
On August 1, 2021, Kapamilya Online Live became accessible worldwide, streaming classic series on weekdays and Star Cinema movies and specials during weekend midnight programming. Kapamilya Online Live Global streams in the Middle East , Africa , Guam , Hawaii , Canada , United States , and several locations in South America .
The law grants SSMC a franchise to construct, install, operate, and maintain, for commmercial purposes, radio broadcasting stations and television stations, including digital television system, with the corresponding facilities such as relay stations, throughout the Philippines. [8] [9] On 26 January 2022, the National Telecommunications ...
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.
Converge was established in 1996 as the ComClark Network and Technology Corp. by Dennis Anthony Uy in 1996 at Angeles City. [4]In 2009, the Congress of the Philippines enacted Republic Act No. 9707, to grant Converge ICT Solutions Inc. the franchise to construct, install, establish, operate, and maintain a telecommunication system throughout the Philippines.