TV5 (Philippines)

TV5 (formerly known as ABC 5) is a major Filipino commercial television network based in Mandaluyong City, Philippines. Owned by TV5 Network Inc., solely owned by MediaQuest Holdings, Inc. which in turn is a wholly owned subsidiary of the beneficial trust fund of the Philippine Long Distance Telephone Company headed by business tycoon Manuel V. Pangilinan.

Named after its flagship station in Metro Manila, DWET-TV which is carried in VHF Channel 5, TV5 is broadcasting to 7 other owned-and-operated stations, and 19 affiliated television stations nationwide as its programming is also carried overseas through Kapatid TV5 channel.

History

Pre-Martial Law (1960–1972)

Joaquin "Chino" Roces, owner of the Manila Times was granted of a radio-TV franchise from Congress under Republic Act 2945 on June 19, 1960. He then founded the Associated Broadcasting Corporation with its first studios along Roxas Boulevard, becoming the fourth television network established in the country. ABC operated radio and television services from 1960 until September 23, 1972 when President Ferdinand E. Marcos declared Martial Law. Both ABC and the Manila Times were forcibly shut down as a result with rivals ABS-CBN and MBC's radio and television broadcasts also shut down by martial law that day.

Philippines

Coordinates: 13°N 122°E / 13°N 122°E / 13; 122

The Philippines (ⁱ/ˈfɪlᵻpiːnz/; Filipino: Pilipinas [ˌpɪlɪˈpinɐs]), officially known as the Republic of the Philippines (Filipino: Republika ng Pilipinas), is a sovereign island country in Southeast Asia situated in the western Pacific Ocean. It consists of about 7,500 islands that are categorized broadly under three main geographical divisions: Luzon, Visayas, and Mindanao. The capital city of the Philippines is Manila and the most populous city is Quezon City; both are part of Metro Manila.

To the north of the Philippines across the Luzon Strait lies Taiwan; Vietnam sits west across the South China Sea; southwest lies Malaysia in the island of Borneo across the Sulu Sea, and to the south the Celebes Sea separates it from other islands of Indonesia; while to the east it is bounded by the Philippine Sea and the island-nation of Palau. Its location on the Pacific Ring of Fire and close to the equator makes the Philippines prone to earthquakes and typhoons, but also endows it with abundant natural resources and some of the world's greatest biodiversity. At approximately 300,000 square kilometers (115,831 sq mi), the Philippines is the 72nd-largest country in the world.

2012 in the Philippines

2012 in the Philippines details events of note that happened in the Philippines in the year 2012.

Incumbents

Events

January

February

Philippines 2000

Philippines 2000 was the socio-economic program of former Philippine president Fidel V. Ramos. The plan envisioned the Philippines achieving newly industrialized country status by the year 2000.

Platform

The Philippines 2000 platform largely hinged on five major areas:

The Philippines 2000 program formed the core of the Ramos campaign platform in the 1992 elections which largely centered on economic reforms and improved national security and unity.

Effects and legacy

The Philippines 2000 platform was widely successful, making it one of the greatest legacies of the Ramos administration to the Philippines. Ramos was successfully able to open the then-closed Philippine economy and break Marcos-era formed monopolies, especially with regard to Philippine Airlines and the Philippine Long Distance Telephone Company, which were privatized and de-monopolized during his tenure. He was also able to resolve the power crisis in the Philippines through privatization of power plants and the construction of new ones. The reforms spurred additional investment into the Philippines.