News Release

From the Presidential Spokesperson – On the Securities and Exchange Commission’s decision on Rappler

The Security and Exchange Commission (SEC) is empowered to determine the legality of corporations.

We respect the SEC decision that Rappler contravenes the strict requirements of the law that the ownership and the management of mass media entities must be wholly-owned by Filipinos.

Rappler may wish to exhaust all available legal remedies until the decision becomes final.