{"id":154786,"date":"2018-02-28T18:51:22","date_gmt":"2018-02-28T23:51:22","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=154786"},"modified":"2018-02-28T18:51:22","modified_gmt":"2018-02-28T23:51:22","slug":"palace-belittles-rapplers-latest-act-of-defense-vs-sec-ruling","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/02\/28\/palace-belittles-rapplers-latest-act-of-defense-vs-sec-ruling\/","title":{"rendered":"Palace belittles Rappler\u2019s latest act of defense vs. SEC ruling"},"content":{"rendered":"<figure id=\"attachment_154787\" aria-describedby=\"caption-attachment-154787\" style=\"width: 640px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/Rappler.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-154787\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/Rappler.jpg\" alt=\"Malacanang on Wednesday branded as \u201ca circumvention of the law\u201d the assertion by Rappler\u2019s foreign investor Omidyar Network that it is reportedly donating USD1.5 million investment to the online media outfit\u2019s 14 Filipino managers.(Photo by Charles Salazar\/Rappler)\" width=\"640\" height=\"427\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/Rappler.jpg 640w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/Rappler-300x200.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-154787\" class=\"wp-caption-text\">Malacanang on Wednesday branded as \u201ca circumvention of the law\u201d the assertion by Rappler\u2019s foreign investor Omidyar Network that it is reportedly donating USD1.5 million investment to the online media outfit\u2019s 14 Filipino managers. (<a href=\"https:\/\/www.rappler.com\/nation\/197130-omidyar-network-donation-pdr-sec-registration-lawyer\">Photo by Charles Salazar<\/a>\/<a href=\"https:\/\/www.rappler.com\/\">Rappler<\/a>)<\/figcaption><\/figure>\n<p>MANILA\u00a0&#8212; Malacanang on Wednesday branded as \u201ca circumvention of the law\u201d the assertion by Rappler\u2019s foreign investor Omidyar Network that it is reportedly donating USD1.5 million investment to the online media outfit\u2019s 14 Filipino managers.<\/p>\n<p>\u201cOmidyar Network\u2019s reported donation of its Philippine Depository Receipts (PDRs) to its Filipino managers does not remove the fact Rappler breached the Constitution,\u201d Presidential Spokesperson Harry Roque said in a press statement.<\/p>\n<p>Contrary to Omidyar\u2019s claim that the donation \u201ccompletely eliminates the basis of the unwarranted\u201d Securities and Exchange Commission (SEC) ruling, Roque said latest development is nothing but a circumvention of the law.<\/p>\n<p>\u201cThis latest act is nothing but a circumvention of the law, which restricts ownership of media entities in the country to 100 percent Filipino-owned,\u201d Roque explained.<\/p>\n<p>Roque added that Rappler\u2019s defense of infringement of press freedom \u201cis merely a plot to distract from real issue.\u201d<\/p>\n<p>Last month, SEC has revoked Rappler\u2019s certification of incorporation for violating constitutional restriction on foreign ownership of mass media.<\/p>\n<p>\u201cLet us therefore wait for the SEC, having jurisdiction, to address this new development,\u201d Roque said.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; Malacanang on Wednesday branded as \u201ca circumvention of the law\u201d the assertion by Rappler\u2019s foreign investor Omidyar Network that &hellip;<\/p>\n","protected":false},"author":33,"featured_media":154787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[978,43314],"class_list":["post-154786","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","tag-malacanang","tag-rappler","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/154786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=154786"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/154786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/154787"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=154786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=154786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=154786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}