This post sees continued publication by Rappler despite closure order from SEC. For all intents and purposes, they are no longer a legal entity and has ceased the power to do business in the Philippines.
It is not about repression of press freedom as those whose legal entity are ok, There is no apparent veto nor censorship of news. But its head continues to make such representation so that even former US Secretary of State Hillary Clinton has dipped her hands into a controversy she does not fully understand because of misrepresentation
The latest SEC decision said “the Commission finds that the Donation did not cure the violation by Rappler, Inc. and Rappler Holdings Corporation of Article XVI Section 11(1) of the Constitution and PD (Presidential Decree) No. 1018, and hereby AFFIRMS the administrative penalties imposed in the Decision dated 11 January 2018 declaring VOID the ON PDRs pursuant to Section 71.2 of the Securities Regulation Code and REVOKING the Certificates of Incorporation of Petitioners Rappler, Inc. and Rappler Holdings Corporation.”
The said entity was found to have violated the constitutional mandate that media organization has to be owned 100% by Filipinos. The said entity was found to have issued PDR for a foreign investment firm
clearly a violation of the constitutional provision. An initial order was issued in 2018 and the recent order merely affirmed the initial order. Media organization are supposed to be watchdog for compliance with laws. An here it is
Its not about being a Nobel prize winner The continued fake news make one wonder if at all Nobel Peace Prize is indeed a prestigious award.
One wonders why such entities who make the country look bad continue to exist or insist to be in existence despite facts on the contrary.
