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The first iteration of the LTFRB was established on November 17, 1902, through the passing of Act No. 520. [1] The commission is in charge of classifying vessels, merchandise, and passengers in with reference to transportation under the coastwise trade, and fixing the maximum rates to be imposed on the vessels and merchandise of different classes, and people that are being moved from one point ...
In October 1934, Act No. 4033 was passed to require a franchise from the Philippine government in order to operate an air service and to regulate foreign aircraft operations. [7] On November 12, 1936, the Congress of the Philippines passed Commonwealth Act No. 168, or the Civil Aviation Law of the Philippines, which created the Bureau of ...
The Public Transport Modernization Program (PTMP), formerly and still commonly referred to as the Public Utility Vehicle Modernization Program (PUVMP), is a program made by the Department of Transportation (DOTr) of the Philippines in 2017, with the goal of making the country's public transportation system efficient and environmentally friendly by 2020.
The Philippine Competition Act, officially designated as Republic Act No. 10667, is a Philippine law that was signed into law by President Benigno Aquino III on July 21, 2015, and established the quasi-judicial Philippine Competition Commission to enforce the act. [1][2][3][4] The act is intended to ensure efficient and fair market competition ...
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", [1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.
ABS-CBN broadcast franchise, granted on March 30, 1995, expired on May 4 without a renewal, 2020. National Telecommunications Commission issued a cease and desist order on ABS-CBN, effectively ceasing broadcast operations on May 5. ABS-CBN Corporation filed petitions before the Supreme Court of the Philippines on May 7, seeking to nullify the ...
The commission promotes investor protection in the Philippines as part of its mandate. An agency under the Department of Finance, the SEC is headquartered at 7907 Makati Avenue, Barangay Bel-Air, Makati. It has ten extension offices located in Baguio, Tarlac, Legazpi, Iloilo, Bacolod, Cebu, Tacloban, Cagayan de Oro, Davao, and Zamboanga.
Franchising. Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. [1]