The Securities and Exchange Commission has ordered the revocation of news website Rappler's certificate of registration, saying it violated the Foreign Equity Restriction of the Philippine Constitution, which states that "(t)he ownership and management of mass media shall be limited to citizens of the Philippines, or to corporations, cooperatives or associations, wholly-owned and managed by such citizens."
Rappler has called the decision "pure and simple harassment," noting its critical coverage of the administration.
In its January 11 decision, the SEC said that its Commission En Banc received on December 22, 2016 a letter from the Office of the Solicitor General dated December 14 that same year requesting it to conduct an investigation into Rappler Inc. and Rappler Holdings Corporation "for any possible contravention of the strict requirements of the 1987 Constitution."
Below is the full 29-page document detailing the decision:
—JST, GMA News