Malacañang reminds media entities criticizing the government to follow the laws of the land
admin • January 17, 2018 • 4805
MANILA, Philippines — Malacañang assured that the government will not close down media organizations critical of the Duterte administration.
However, the Duterte administration reminded media personnel that they are not exempted from following the rules of law.
“No one is exempt from complying with the Constitution and the laws of the land, particularly where you are talking of the media outfit in the exercise of the public trust. Before you criticize others, look into the mirror, look at yourself first,” said Presidential Spokesperson Harry Roque.
Malacañang’s statement is in response to Rappler news organization’s remarks that the decision of the Securities and Exchange Commission (SEC) revoking their registration is a violation of the freedom of the press.
Malacañang clarified that the decision was made because of Rappler’s violation of the constitutional provision on foreign equity restriction.
Roque also stressed that for President Rodrigo Duterte, it is not fair to conclude that the revocation is a result of Rappler’s criticising the administration.
“The president found it unfair for Maria Ressa to claim a violation of freedom of the press when according to him Rappler’s been very active criticizing individuals for violating the Constitution and the laws of the land and it turns out that it is by itself violating the Constitution,” said the spokesperson.
The government is also not preventing any journalists of the said entity to exercise their profession.
“We would like to deny that the state has infringed on freedom of the press of Rappler or any of its reporters. Truth is the reporter of Rappler is still in our press briefing. She is not prevented from exercising her profession as a journalist. None of the individuals behind Rappler will be prevented from performing their duties as journalists,” said Roque.
Meanwhile, the National Union of Journalist of the Philippines supports Rappler in their predicament.
Atty. Joyce Clemente, acting chairman of NUJP said based on history, President Duterte is criticizing media outfits and other networks critical of his policies.
“Historically, we can see the government of President Duterte even if we give him the benefit of the doubt, Malacañang has nothing to do with them but he keeps on hitting Rappler, ABS-CBN, Philippine Daily Inquirer,” said the chair.
NUJP also said media must be prepared for any threats against them.
For the National Press Club—the case of Rappler is an issue on the corporation and not on a violation of the freedom of the press.
“They have seen violations and we know that they investigated on this, I think for several months and those are the violations they saw particularly the foreign participation on the Rappler operation,” said National Press Club president Paul Gutierrez. — Rosalie Coz | UNTV News and Rescue
MANILA, Philippines – The Securities and Exchange Commission (SEC) on Monday ordered 11 online lending applications to stop its operations following complaints about unreasonable, and abusive lending and collection practices.
The order, issued by SEC on Sept. 20, covers the following:
ET Easy Loan
The SEC said that based on the findings of its Corporate Governance and Finance Department, the said online lending applications were run by unlicensed operators.
Based on investigation, the commission’s Enforcement and Investor Protection Department (EIPD) also found that these lending applications employ abusive collection practices that subject users to public humiliation and ridicule, high-interest rates, unreasonable terms and conditions, misrepresentations as to non-collection of charges and fees, and violation of their right to privacy, among others.
Probe results showed the unauthorized lenders managed to access personal information kept in a borrower’s mobile phone, such as the contact numbers, Facebook accounts, and email addresses.
The unauthorized lenders then used such information to exact prompt payment.
In many cases, the unauthorized lenders would send a text message to the borrower’s contacts to inform them about the borrower’s indebtedness and supposed refusal to pay the amount due.
In other cases, the borrower would be threatened of legal action or public shaming on social media if payment is not made.
“The rude, high-pressure methods of collection, misrepresentations, and unreasonable terms and conditions imposed by said online lending operators and their agents and representatives exemplify such practices that as a matter of policy, the State seeks to prevent,” the commission said.
The SEC also ordered the said online lending operators to cease from offering and advertising their business online and to remove promotional presentations from the internet.
“The SEC enjoined the owners and operators of the online lending applications, their agents, representatives and promoters, the owners of their hosting sites and all persons acting for and on their behalf to immediately cease and desist under pain of contempt from engaging in, promoting and facilitating unauthorized lending activities,” the agency said.
The regulatory body also directed all persons and entities carrying out, abetting or promoting lending business or similar activities without the requisite license “to immediately cease and desist from engaging in such lending activities until they have incorporated and have secured the requisite certificate of authority to operate as lending or financing companies.”
“Section 4 of Republic Act No. 9474, or the Lending Company Regulation Act of 2007, requires that a lending company be established only as a corporation. It further provides that ‘no lending company shall conduct business unless granted an authority to operate by the SEC,’” it said.
The agency warned that anyone engaging in the lending business without a valid subsisting authority to operate from the SEC may face penalties, including fines up to P50,000 or imprisonment of six months to 10 years or both, under the Lending Company Regulation Act.
The SEC earlier issued a cease and desist order against 19 online lending applications, namely Instant Pera, QuickPera, Lendmo Philippines, Binixo, CashBus, Cashcat, Cashuttle, Crazy Loan, Flash Cash, Happy2Peso, Hatulong, MeLoan, MoneyTree Quick Loan, Pera Express, Pera4u, Peramart, PesoLending, QuickPeso and Umbrella.
“As I earlier said in the press briefing this morning, those articles are reeking with malice and it’s libelous in nature because it tends to impute an act to discredit me in public and to tarnish my honor,” he said.
“In view of this, I’m filing a libel case against net Inquirer and Rappler for publishing these malicious articles,” he added.
Panelo also said they are already drafting the said complaints.
In a statement, Rappler said the complaint is merely a diversionary tactic.
Rappler also calls on Panelo to answer the questions about his possible conflicts of interest.—AAC
MANILA, Philippines – The Securities and Exchange Commission is urging the public to exercise more caution and discernment amid disinformation campaigns being launched by investment scammers.
In a statement, the SEC particularly noted the false claims by Kapa-Community Ministry International (KAPA) on social media. Supposedly, the group was poised to secure the necessary licenses to resume its operations.
The commission said that recently, KAPA falsely claimed that the Bangko Sentral ng Pilipinas (BSP) released a statement purportedly approving its investment scheme and questioning delays on the part of the SEC.
KAPA also falsely claimed that it already filed with the SEC an application for a secondary license to sell and offer for sale securities to the public.
But the commission said it has not received any application for a secondary license from KAPA, as verified by the SEC Company Registration and Monitoring Department (CRMD).
“Besides, KAPA does not have a juridical personality to make such application,” it said.
On April 3, the SEC revoked KAPA’s certificate of incorporation for serious misrepresentation of what it could do or was doing to the great prejudice of or damage to the general public.
“KAPA, formerly registered with the SEC as a nonstock corporation, had solicited investments from the public without securing a secondary license first. Worse, the group had employed a Ponzi scheme,” the commission said.
Under its scheme, the SEC said KAPA enticed the public to “donate” P10,000 in exchange for a 30% monthly “blessing” or “love gift” for life, without having to do anything other than shell out money and wait for the promised payout.
Section 8 of Republic Act No. 8799, or the Securities Regulation Code, provides that “securities shall not be sold or offered for sale or distribution within the Philippines, without a registration statement duly filed with and approved by the Commission.”
Section 26 of the same Code further prohibits fraudulent transactions, including Ponzi schemes where investors are lured with impossibly high returns and paid using money contributed by other investors
Section 28 further states that no person shall engage in the business of buying or selling securities in the Philippines as a broker or dealer, or act as a salesman, or an associated person of any broker or dealer unless registered with the SEC.
In this light, the SEC said that those acting as salesman, broker or agent may be prosecuted and held criminally liable. They may also face a maximum fine of P5 million or imprisonment of 21 years or both, under the Securities Regulation Code.
On June 18, the commission filed a criminal complaint against KAPA, its founder and president Joel A. Apolinario, trustee Margie A. Danao, corporate secretary Reyna L. Apolinario and other promoters of the investment scam.
“We enjoin the investing public to be more discerning with and critical of any promises and persuasions made by fraudsters,” SEC Chairperson Emilio B. Aquino said.
“When presented an investment opportunity, take time to verify the legitimacy of the company, especially their authority to solicit investments from the public, and to understand how the promised returns will be generated and delivered.”
The commission advised those who have invested money in KAPA to file complaints with the SEC Enforcement and Investor Protection Department at Secretariat Building, PICC Complex, Roxas Boulevard, Pasay City with telephone numbers (02) 818-6337 and (02) 818-5324.
Affected investors may also visit the SEC Davao City Extension Office at SDC Building, Purok 13, Maa Road, Maa, Davao City; call (082) 298-2170 and (082) 298- 1893; or email firstname.lastname@example.org. In Cagayan de Oro City, they may visit the Commission at SEC Building, corner 14th and Tomasco Del Lara Street; call (088) 857-4325 and (088) 857-7225; or email email@example.com.
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