PRESIDENT Rodrigo R. Duterte has signed laws allowing several firms and a local government to operate radio stations for 25 years. Mr. Duterte granted his hometown, Davao City, a permit to “construct, install, and operate and maintain” radio broadcasting stations both for commercial and public interests. The city, which has already been running a community radio station since Feb. 2020, must secure permits and licenses from the National Telecommunications Commission to construct and operate its stations or facilities. Private firms also given permit include Instant Data, Inc., Palawan Brodcasting Corp., and Highland Broadcasting Corp. The President also signed a law renewing the broadcast franchise of the University of the Philippines System for another 25 years. — Kyle Aristophere T. Atienza
Disclaimer: ConsciousInvestingToday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.