When can a corporation or association incorporated under the Philippine laws and with
foreign investors be granted radio station license?
A. When 60% of the capital is owned by Filipino citizens
B. When 50% of the capital is owned by Filipino citizens
C. When the chairman of the board is a Filipino
D. When the president of the corporation/association is a Filipino

1 Answer

Answer :

A. When 60% of the capital is owned by Filipino citizens

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