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(Eagle News) – The foreign investor group Omidyar Network announced on Wednesday that it “has donated the Philippine Depository Receipts it held to 14 managers of Rappler Inc.,” led by its chief executive officer Maria Ressa. This was to address what the US-based Omidyar claimed was an “unwarranted ruling made by the Philippines Securities and Exchange Commission (SEC) against Rappler, Inc., and Rappler Holdings Corporation.” The Omidyar Network’s investments in Rappler are said to […]
(Eagle News) — A commissioner of the Securities and Exchange Commission has resigned for health reasons. Blas James Viterbo tendered his resignation letter to President Rodrigo Duterte through Finance Secretary Carlos Dominguez III on February 1. Dominguez said his resignation would become effective upon the President’s acceptance of the same. Only recently, the SEC revoked Rappler’s certificate of business registration. In revoking the same, the SEC said that the online news site “acted with deceit in a […]
By Moira Encina Eagle News Service Rappler on Monday asked the Court of Appeals to nullify the Securities and Exchange Commission’s decision revoking its corporate registration. In a 68-page petition for review, Rappler Inc. alleged that their rights to due process were violated with the SEC’s move. “Without an administrative action, surely, no administrative action, including the suspension or revocation of the corporation’s franchise, could have been imposed by the SEC,” Rappler said. According to Rappler, because […]
(Eagle News) — The Rappler case does not involve the issue of press freedom. Presidential Spokesperson Harry Roque on Friday said that allegations that it involved such were therefore merely “fake news.” “(It’s) about avarice for money that violates the (Constitution) and the laws of the land,” he said. Roque noted that the decision to revoke Rappler’s registration was made by the Securities and Exchange Commission “manned by (former President Noynoy) Aquino appointees.” “(I will give) […]
(Eagle News) — Malacanang said that it would not stifle protests on alleged trampling of press freedom as a “Black Friday” rally to protest the Securities and Exchange Commission’s ruling revoking a certificate of incorporation of online news website, Rappler, drew a crowd of journalists, including Rappler employees, bloggers and press freedom advocates. “This evening’s Black Friday Protest for Freedom, organized by the National Union of Journalists of the Philippines, is a testament that freedom […]
(Eagle News) – The chair of the Securities and Exchange Commission (SEC) which revoked online news site Rappler’s certificate of incorporation, said Rappler was trying to divert the people’s attention from the real issue – its violation of the Constitution and other Philippine laws. SEC chair Teresita Herbosa, an appointee of former President Benigno Aquino III and chair of the Anti-Money Laundering Council, also hinted that Rappler has its own agenda in trying to […]
(Eagle News) – The Department of Justice has directed the National Bureau of Investigation (NBI) to probe deeper into the possible violations of the Constitution and other laws by online news site Rappler. Through Department Order No. 17, Justice Secretary Vitaliano Aguirre II tasked the NBI, through Director Gierran, to conduct a “case build-up” against Rappler, and to file the “appropriate cases against those found liable.” The order dated January 17, 2018 takes effect […]
(Eagle News) – President Rodrigo Duterte rapped Rappler for its “fake news” citing its latest report accusing Presidential Assistant Christopher “Bong” Go of allegedly intervening in the acquisition of warships by the Philippine Navy, and called the online news site as a “fake news outlet.” “Sumobra kayo. You are not only throwing toilet paper. You are throwing s— at us!” said an angry President Duterte as he faced the media in Pasay City on […]
(Eagle News) — The Office of the Solicitor General lauded the Securities and Exchange Commission for revoking the certificate of incorporation of online news website, Rappler, and said that it was ready to defend this decision “in any forum.” In a statement, Solicitor General Jose Calida said that this ruling of the SEC showed that no one is exempted from following the law, not even influential media organizations. “I applaud the SEC for revoking Rappler’s […]
(Eagle News) – The Securities and Exchange Commission has directed the revocation of the Certificate of Incorporation of the online news site Rappler, and its holding firm, Rappler Holdings Corporation, saying it violated the Constitution that barred foreign ownership of media. In a decision dated January 11, 2018, the SEC said that both companies violated Philippine laws, specifically the Foreign Equity Restriction under the Philippine Constitution. The SEC said that Rappler, Inc. and Rappler Holdings […]
MANILA, Aug. 18 — The government is intensifying drive against proliferating investment scams, Presidential Communications Operations Office Secretary Herminio Coloma, Jr., said on Sunday. “Pinaiigting ng ating Department of Trade and Industry (DTI) sa pamamagitan ng Consumers’ Protection and Advocacy Bureau at ng Securities and Exchange Commission (SEC), sa pamamagitan ng kanilang Enforcement and Investor Protection Department, ang mga hakbang para balaan ang ating mga mamamayan na huwag magpaloko sa mga pyramid scam, Ponzi scam, at […]
