Tag: Securities and Exchange Commission

Citing health reasons, SEC Commissioner Viterbo resigns

(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 […]

Continue Reading →

Rappler asks CA to nullify SEC decision

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 […]

Continue Reading →

Roque says Rappler case not an issue of press freedom; “It’s about avarice,” he says

(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) […]

Continue Reading →

Palace says it won’t stifle any protest action as Rappler rally draws less than 200 people

(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 […]

Continue Reading →

Aquino-appointed SEC Chair says Rappler trying to divert public’s attention; hints at a Rappler “agenda”

  (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 […]

Continue Reading →

SEC ready to defend decision against Rappler; says ruling issued after due process

QUEZON CITY, Philippines (Eagle News) — The Securities and Exchange Commission is ready to defend its decision cancelling the registration of online news site, Rappler. “Having issued the decision after much deliberation and pursuant to law and due process, I will certainly defend it to the hilt,” SEC Chairperson Teresita Herbosa said in an interview. She said the decision is by virtue of the provisions of the Constitution prohibiting foreign ownership of media in the […]

Continue Reading →

SEC revokes Rappler’s certificate of incorporation; says it violated laws against foreign ownership of media

(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 […]

Continue Reading →

Dating SEC chief Yasay, tinanggap ang alok na maging acting DFA Secretary

Tinanggap na ni dating Securities and Exchange Commission Chairman Perfecto Yasay Jr. Ang alok ni president-elect Rodrigo Duterte na maging acting secretary ng Department of Foreign Affairs (DFA). Si Yasay ay Tubong Kidapawan City, North Cotabato at kabilang sa mga unang batch na pinangalanan ni Duterte para magsilbi bilang gabinete sa kaniyang administrasyon. Si yasay ay isa ring abugado at nagtapos sa University of the Philippines. Nagkaroon din ng papel si Yasay sa naging impeachment […]

Continue Reading →

SEC urges public to verify status of organisations that offer huge profits

CEBU CITY (PIA) – The Securities and Exchange Commission (SEC) Cebu Extension Office is urging the public to verify with them for the status of any organization offering huge amounts of profit to prevent from being deceived. Atty. Lindeza Gavino, Director of SEC Cebu Extension Office, said during the recent Association of Government Information Officers (AGIO) 7 and Philippine Information Agency (PIA) 7 Forum that anybody can ask them about whether an organization is registered […]

Continue Reading →

SEC will look into candidates’ ad expenses

The Securities and Exchange Commission (SEC) said that it will look into the election-related advertising contracts with media companies, to ensure that funds use by the candidates did not come from corporate funds, which is against the Corporate Code. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho Morales, Uploaded by MRFaith Bonalos) https://youtu.be/XWzA-f5N8BE

Continue Reading →

Beware of investment scams

ROXAS CITY, Capiz, Aug.7 (PIA6) – The Department of Trade and Industry (DTI) – Provincial Office is reminding the public not to join investments that offer “easy money,” “double your money” and “quick money” which are beyond the existing profits in banks. “If the investment will earn by recruiting other people and not by selling valuable products, this is a concrete example of a pyramid scam or pyramiding,” said a DTI news release distributed to […]

Continue Reading →

Quezon City launches online business registration

QUEZON CITY, 29 May (PIA)–The Quezon City government has recently launched the online registration system for new corporations, partnerships, foundations and cooperatives as part of the city’s efforts to streamline services and its initiative in ease of doing business. Under the new service, a business owner can register his new business by first going to the quezoncity.gov.ph website and accessing the e-services portal by clicking the icon of QC eServices. Using their valid emails, users […]

Continue Reading →
1 2