Question & AnswerQ&A (Republic Act No. 512)
The Bolinao Electronics Corporation is granted a temporary permit.
To construct, maintain, and operate radio broadcasting stations in the Philippines for commercial purposes and in the public interest.
Construction of at least one radio broadcasting station must begin within six months from the date of approval of the Act and be completed within two years from said date.
The grantee must provide adequate public service time to enable the government to reach the population on important public issues, assist in public information and education, conform to ethics of honest enterprise, and avoid broadcasting obscene or indecent language, false information, or content inciting subversive or treasonable acts.
The grantee must file a bond in the amount of fifty thousand pesos.
Any more favorable terms granted to a competing individual, partnership, or corporation shall ipso facto become part of the terms of the current permit and operate equally in favor of the grantee.
The grantee must turn over such station or stations to the government with all serviceable equipment at cost, less reasonable depreciation.
Yes, the grantee shall pay the same taxes on its real estate, buildings, and personal property as other persons or corporations are required by law to pay, excluding the temporary permit.
No, the grantee is not required to carry out any previous censorship but may cut off broadcasts that incite treason, rebellion, sedition, or contain indecent or immoral language or themes.
The Act took effect upon its approval on June 14, 1950.