Practice question
A firm presents one corporate ownership proposal for three separate regulated activities: sixty percent Filipino capital, entirely Filipino management, a single ordinary voting-share class and no exemption. It claims the same percentage necessarily satisfies the nationality rules for a public water utility, advertising and mass media. Which comparison is correct?
- It necessarily satisfies all three because sixty percent is a universal economic threshold.
- It fails all three because each requires one hundred percent capital ownership.
- The stated capital percentage can meet the utility minimum, but falls short of the advertising and mass-media ownership requirements.
- It meets the mass-media rule but fails the utility rule.
- It meets advertising's capital requirement but fails only mass media.
Legal references
- 1987 Constitution, Article XII Section 11: https://lawphil.net/consti/cons1987.html
- RA 11659, Section 4 amending Public Service Act Section 13(d): https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/94539
- 1987 Constitution, Article XVI Section 11: https://lawphil.net/consti/cons1987.html
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