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'No way' to nixing congress issuance of telco franchise | Jovee Marie N. de la Cruz

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 โ€œabsolutely no way that Congress will give up its…
Roberto Ongpin Marcelino Libanan Connectivity Unlimited Resource Enterprise Inc National Economic Bayan Telecommunications Inc Businessman Ramon Ang San Miguel Corp

SC junks PLDT's bid to stop Globe-Bayantel debt-to-equity deal – Manila Bulletin

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 valid...
Supreme Court Globe Telecom Inc Bayan Telecommunications Inc Philippine Long Distance Telephone Company National Telecommunications Commission Radio Communications Of The Philippines Inc
Source: mb.com.ph

DBP denies writing off ₱1.6B loans to benefit Lopez Group

endIndex: Metro Manila (CNN Philippines, January 18) โ€” The Development Bank of the Philippines did not give the Lopez Group of Companies a free pass from its soured โ‚ฑ1.6 billion loans in the early 2000s. Dumper PTDA Party-list Rep. Claudine Diana Bautista, who asked for the House inquiry, said the write-off cost the Filipino peoples money. However, the state-owned bank denied writing off the unpaid loans of the Lopez family for its current and former subsidiaries Benpres Holdings, Bayan Te...
Nueva Ecija Metro Manila Philippines General The Philippines Michael Defensor Claudine Diana Bautista

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10 franchises, including San Miguel Aerocity for new airport, lapse into law

(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 adjac...
Davao City Surigao Del Sur Davao Del Norte Santo Tomas Camarines Norte Philippines General
Source: mb.com.ph

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