The Makati Business Club has reiterated its continued support for the renewal of the Congressional franchise of media giant ABS-CBN Corp.
“Aside from protecting press freedom, keeping ABS-CBN on the air will preserve one of the public’s biggest sources of news and information, especially important in the whole-of-nation fight against COVID-19, as well as a major platform for businesses to advertise their goods and services, which would help revive the economy, preserve jobs in those businesses, and increase the taxes the government needs for public services,” MBC said in a statement issued Sunday.
MBC said Congress should uphold constitutional rights and equal treatment.
“Equal treatment of all companies — especially by regulators, prosecutors, and lawmakers — [would] signal that rule of law prevailed, encouraging foreign and local investors at a time when we most need their help to create new jobs,” MBC said.
The House of Representatives is expected to decide this week on whether or not it will endorse the grant of a fresh 25-year franchise to ABS-CBN. By: Bilyonaryo.com
Source: Peso Economics
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