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News and Events

Online Media Startup Rappler’s Parent Firm Charged With Tax Evasion

Case arose from allegedly unpaid taxes over purchase of shares from Rappler Inc.

The Bureau of Internal Revenue (BIR) filed on March 8, Thursday, a criminal complaint against Rappler Holdings Corp. (RHC), the parent firm of beleaguered online media startup Rappler Inc., for allegedly evading income taxes and value added taxes (VAT) in 2015, the ...

by Entrepreneur Staff  | March 08, 2018 05:00:00
News and Events

Former Stock Exchange Chief Assails SEC Decision on Rappler as ‘Anti-Business’

Lawyer Francis Lim says agency’s harsh penalty is inconsistent with its mandate to protect investors

A former president of the Philippine Stock Exchange (PSE) has branded as “anti-business” and “anti-investor” the Securities and Exchange Commission (SEC)’s recent decision revoking the incorporation of online media startup Rappler Inc. for allegedly violating legal and constitutional prohibitions against foreign ownership ...

by Entrepreneur Staff  | January 17, 2018 03:00:00
News and Events

SEC Revokes Incorporation of PH’s Pioneering Online Media Startup Rappler

Agency alleges company violated the Constitution’s prohibition of foreign ownership and management of the mass media

The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of pioneering online media startup Rappler Inc. for allegedly violating the Philippine constitution’s prohibition against foreign ownership and management of any mass media entity.In an order dated January 11, 2018, ...

by Roel Landingin and Elyssa Christine Lopez  | January 15, 2018 09:00:00
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