House panel yet to decide on ABS-CBN franchise renewal


Posted at Jul 08 2020 10:55 PM

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A top House of Representatives official maintains no decision has been made on ABS-CBN's franchise renewal bid. That's after a newspaper published a report showing an obtained document on how lawmakers are likely to vote on the issue.

While the media giant's fate hangs in the balance in the lower chamber, more senators are offering kind words to ABS-CBN. A foreign think-tank also warned ABS-CBN's closure will further lead to loss of investors' confidence in the Philippines. - The World Tonight, ANC, July 8, 2020