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(From Philippine Daily Inquirer)
Byline: Daxim L. Lucas
GMA NETWORK INC. WILL INvest as much as P1 billion for the construction of a new state-of-the-art studio as part of the broadcast firms expansion program.
Dubbed the GMA Network Center Annex, the project is one of the companys most expensive endeavors to date, according to company officials.
The total cost of the project is P1 billion, corporate services senior vice president Felipe S. Yalong said in a statement. This includes the expenses for structure and the broadcast equipment.
Details of the expansion program were made public after the company signed the memorandum of …