In Rappler’s case, however, the SEC said the PDRs issued to Omidyar Network gave the foreign entity sufficient control even without having actual ownership. ‘Generous act’Rappler chief executive officer Maria Ressa welcomed Omidyar Network’s donation. SEC surprised“This is a surprise,” SEC Chair Teresita Herbosa said in reaction to Omidyar Network’s move. Omidyar Network has media investments in Nigeria, Ukraine, Myanmar, India, the United Kingdom, and the United States, among others, King said. Press freedom“This is the first time and we are very concerned about what this could do to press freedom in the Philippines,” he added.

Source: Philippine Daily Inquirer February 28, 2018 23:03 UTC