PRESIDENT Rodrigo R. Duterte signed a law that will renew the franchise of the Golden Broadcast Professionals, Inc. for another 25 years.
On Monday, the Palace released Republic Act No. 11477, which approved the franchise renewal of the Zamboanga-based broadcasting company.
The law, which was signed on June 25, will allow the company to operate for another 25 years. Its line of business allows it to “construct, install, establish, operate, and maintain for commercial purposes and in the public interest, radio and/or television broadcasting stations, including digital television system, through microwave, satellite or whatever means as well as the use of any technology in television and radio systems, with the corresponding technological auxiliaries and facilities, special broadcast and other program and distribution services and relay stations in the Philippines.”
Golden Broadcast is also ordered by the law to secure appropriate permits and licenses from the National Telecommunications Commission for constructing and operating its facilities.
The law also said GBPI should provide free and adequate public service time to enable the government to reach the public on public issues and important announcements especially on public emergencies. They are also required to submit an annual report to Congress on or before April 30 every year.
Based on its Facebook page, the company is an affiliate station of TV5 Network Inc. in Manila. — Gillian M. Cortez