'It is business as usual for us. We will adapt, adjust, survive, and thrive,' Rappler tells staff. CourageON
MANILA, Philippines – On the last two days of President Rodrigo Duterte, the Securities and Exchange Commission issued an order affirming one more time its decision to revoke the certificates of incorporation of Rappler.
In a statement on Wednesday, the SEC said: “In this light, the latest order issued by the Commission En Banc merely puts in effect its earlier decision and those of the Court of Appeals.”, including Bulatlat.com, using the feared anti-terror law.issued a decision siding with the findings of the SEC that Rappler’s issuance of Philippine Depositary Receipts to foreign investor Omidyar constituted some amount of foreign control that was prohibited by the Constitution.
SEC said that when the CA remanded the case, the appellate court did not order to reinvestigate but only to reevaluate. Rappler asked the SEC to receive additional evidence.
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