THE minority leader of the House of Representatives on Sunday rejected the proposal by the National Economic and Development Authority (Neda) to scrap the legislative franchise requirement for telecommunications companies. Minority Leader and 4Ps party-list Rep. Marcelino Libanan said there is “absolutely no way that Congress will give up its…
The Board of Trustees of Far Eastern University Inc. at its meeting held on 18 July 2023 approved the appointment of Ms. Rosanna E. Salcedo as Chief Finance Officer, effective 01 August 2023. Ms..
Published February 18, 2021, 5:31 PM
The Supreme Court (SC) has dismissed the petition filed by the Philippine Long Distance Telephone Company (PLDT) which challenged the joint application for the approval of the debt-to-equity transaction involving $131 million between Globe Telecom, Inc. (Globe) and Bayan Telecommunications, Inc. (Bayantel).
Supreme Court (SC)
(MANILA BULLETIN FILE PHOTO)
In its petition, PLDT challenged the 2015 decision of the Court of Appeals (CA) which affirmed the validity of the orders issued by the National Telecommunications Commission (NTC) in 2014.
The CA ruling allowed the NTC to continue with the proceedings on the joint application. It denied PLDT’s plea to dismiss or suspend the NTC proceedings.
(San Miguel Corporation / MANILA BULLETIN)
The new laws, recently posted on the Official Gazette, include the franchise renewal of six broadcasting stations, two power companies, one airport development firm, and one race track company.
A measure granting San Miguel Aerocity Inc. a franchise to construct, develop, establish, operate and maintain a domestic and international airport in Bulacan has also lapsed into law.
Republic Act No. 11506 also allowed the company to build and operate an adjacent airport city. The law also stated the responsibility of the franchise holder to the public, including conforming to ethics of honest enterprise, operating in line with sustainable development goals, and compliance with environmental and sustainability standards.