Timeline: How the Rappler case developed
The Securities and Exchange Commission on Monday ordered the revocation of online news site Rappler's business registration over questions on foreign ownership that the site has long addressed.
MANILA, Philippines (Originally published on January 18) — Online news site Rappler recently made it to the headlines after the Securities and Exchange Commission ordered its closure over its alleged foreign ownership.
In a decision dated Jan. 11, 2018, SEC ruled to revoke the Certificate of Incorporation of Rappler Inc. and Rappler Holdings Corp.
SEC declared the Omidyar Philippine Depositary Receipts as void after conducting internal probe into Rappler's business registration and ownership.
SEC alleged the online media outfit violated laws prohibiting foreign ownership of local mass media.
Rappler Chief Maria Ressa considered the SEC’s ruling as a political attack on press freedom. She noted how the decision only took five months.
President Rodrigo Duterte attacked Rappler in his second State of the Nation Address last July before the SEC began looking into the alleged foreign ownership issue.
Here’s how Rappler’s case developed since December 2016.
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