MANILA: Philippine Nobel laureate Maria Ressa's news website Rappler won an appeal to restore its corporate licence after a court overturned a regulator's decision to shutter the media company.
Rappler was founded by Maria Ressa. The Court of Appeals had voided orders and decisions of the Philippine Securities and Exchange Commission to shut down the online news site. MANILA: Philippine Nobel laureate Maria Ressa's news website Rappler won an appeal to restore its corporate licence after a court overturned a regulator's decision to shutter the media company.
"Like a bull seeing red, the SEC ... plowed through law and jurisprudence to reach its mark – the death of Rappler," the court said in its ruling.Rappler's operating licence was rescinded in 2018 for violating foreign equity restrictions on media firms when it sold depositary rights to a US-based company. The SEC upheld its findings in 2022.Rappler had previously argued that the Omidyar Network, the philanthropic arm of eBay founder Pierre Omidyar, was a silent investor.
She still faces at least two remaining charges, including a cyber libel conviction where she could face up to over six years of jail time. She is currently out on bail.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippine court orders corporate regulator to restore licence of RapplerMANILA: A Philippine court has ordered the country's corporate regulator to restore the licence of Rappler, a media firm led by Nobel laureate Maria Ressa who reported on former president Rodrigo Duterte's campaign against illegal drugs.
Read more »
Philippine sovereign wealth fund eyes powering off-grid islands, for startersThe Philippine sovereign wealth fund is prioritising energy security and digital connectivity for its first investments in 2024.
Read more »
Philippine sovereign wealth fund eyes powering off-grid islands, for starterspThe Philippine sovereign wealth fund is prioritising energy security and digital connectivity for its first investments./p
Read more »
China says Scarborough Shoal waters ‘excellent’, dismisses Philippine concernsThe Philippines in May accused Chinese fishermen of destroying the shoal's ecological environment.
Read more »
Philippine police arrest rogue cops in brutal murder of beauty queen, fiance over botched land dealThe couple were shot four times, and their decomposing bodies were later discovered in a quarry.
Read more »
Philippine Senate orders arrest of mayor probed for alleged Chinese crime tiesAlice Guo, mayor of the small Philippine town of Bamban, is under investigation for alleged links with Chinese crime syndicates.
Read more »