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Showing posts with label BREAKING. Show all posts
Showing posts with label BREAKING. Show all posts

Monday, January 15, 2018

Rappler News Incorporation Was Revoked by SEC. Find Out More!


BREAKING! The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of news website Rappler for violating the constitutional restriction on foreign ownership of mass media, according to an official document released on Monday. Rappler "sold control to foreigners," the SEC said in a resolution dated Jan. 11. The regulator said the Department of Justice will be furnished a copy of the decision for "appropriate action." The news website reported the SEC decision on Monday and denied the SEC's claim that Omidyar Network, a fund created by eBay founder and entrepreneur Pierre Omidyar, controlled its operations. "Philippine Depositary Receipts (PDRs) do not indicate ownership. This means our foreign investors, Omidyar Network and North Base Media, do not own Rappler," the news outfit said. "They invest, but they don't own. Rappler remains 100-percent Filipino-owned," it said, referring to its statement issued in July 2016. Rappler issued a statement after the decision was released, calling on the public to "defend press freedom." Sponsored Links President Rodrigo Duterte claimed at the time that Rappler was "fully owned" by Americans, as he warned the company that it violated the 1987 Constitution. SEC accused Rappler of violating constitutional restrictions on ownership and control of mass media entities because of funds coming from foreigners. The media outlet is "liable for violating the constitutional and statutory Foreign Equity Restrictions in Mass Media , enforceable through laws and rules within the mandate of the Constitution," the SEC said. The SEC also declared the Philippine Depositary Receipts (PDRs) of Rappler as void "for being a fraudulent transaction." Rappler late last year launched a fund drive, asking supporters to help them "stay free and independent of political pressure and commercial interests." The campaign has collected P1.175 million in nearly 4 months. Source: ABS-CBN Read More: Did You Apply for OFW ID and Did You Receive This Email? Jobs Abroad Bound For Korea For As Much As P60k Salary Command Center For OFWs To Be Established Soon ©2018 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
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BREAKING!News website Rappler's certificate of incorporation was revoked by the Securities and Exchange Commission (SEC)   for violating the constitutional restriction on foreign ownership of mass media, according to an official document released on Monday.


Rappler reported the SEC decision on Monday and denied the SEC's claim that Omidyar Network, controlled its operations.

"Philippine Depositary Receipts (PDRs) do not indicate ownership. This means our foreign investors, Omidyar Network and North Base Media, do not own Rappler," the news outfit said.

"They invest, but they don't own. Rappler remains 100-percent Filipino-owned," it said, referring to its statement issued in July 2016.

Rappler issued a statement after the decision was released, calling on the public to "defend press freedom."
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President Rodrigo Duterte claimed at the time that Rappler was "fully owned" by Americans, as he warned the company that it violated the 1987 Constitution.

Because of funds coming from foreigners,SEC said that Rappler is obviously violating constitutional restrictions on ownership and control of mass media entities.

The media outlet is "liable for violating the constitutional and statutory Foreign Equity Restrictions in Mass Media , enforceable through laws and rules within the mandate of the Constitution," the SEC said.

The SEC also declared Rappler's Philippine Depositary Receipts (PDRs) void "for being a fraudulent transaction."

However, Rappler can still exercise their function as a mass media company as the decision is not yet final and executory, according to SEC Spokesperson Armand Pan. It still have 15 days to make an appeal before the Court of Appeals. Rappler said that it will contest SEC decision and exhaust every legal means in doing it.

Source: ABS-CBN, GMA

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Jobs Abroad Bound For Korea For As Much As P60k Salary

Command Center For OFWs To Be Established Soon

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Wednesday, October 04, 2017

Good News OFWs! Bureau of Customs Suspended The Implementation of CMO 04-2017 And CAO 05-2016- BOC


An unconfirmed report from UAE based news company The Filipino Times said that Commissioner Isidro S. Lapena has issued a directive suspending Customs Memorandum Order 04-2017, which imposes lengthy procedures on sending OFW balikbayan boxes. “In view of the valid issues raised by stakeholders...the implementation of CAO 05-2016 and CMO 04-2017 and the requirement of registration of deconsolidators are hereby suspended until March 21, 2018,” Lapeña quoted as saying. Read: What You Need to know About The New Regulation Regarding the Balikbayan Box Sponsored Links According to the report, Lapena’s directive also formed a team and directed to come up with proposed changes to Customs Administrative Order 05-2016 (CAO 05-2016) and to amend it in accordance with what the stakeholders suggested, indicating that the controversial policy may yet be watered down due to concerns raised by concerned sectors– from OFWs to forwarders and deconsolidators. The CAO 05-2016 seek to impose stricter procedures on shipping balikbayan boxes; CMO 04-2017 is its implementing guidelines which caused to agitate the OFWs who countered that BOC should go after big time smugglers instead and not their hard-earned balikbayan boxes. Source: The Filipino Times Advertisement Read More: ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF AR

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 A new rule that is set to be implemented starting August 1, 2017 has been suspended according to a report.
An unconfirmed report from UAE based news company, The Filipino Times, said that Commissioner Isidro S. Lapeña has issued a directive suspending Customs Memorandum Order 04-2017, which imposes lengthy procedures on sending OFW balikbayan boxes.

“In view of the valid issues raised by stakeholders...the implementation of CAO 05-2016 and CMO 04-2017 and the requirement of registration of deconsolidators are hereby suspended until March 31, 2018,” Lapeña quoted as saying.

An unconfirmed report from UAE based news company The Filipino Times said that Commissioner Isidro S. Lapena has issued a directive suspending Customs Memorandum Order 04-2017, which imposes lengthy procedures on sending OFW balikbayan boxes. “In view of the valid issues raised by stakeholders...the implementation of CAO 05-2016 and CMO 04-2017 and the requirement of registration of deconsolidators are hereby suspended until March 21, 2018,” Lapeña quoted as saying. Read: What You Need to know About The New Regulation Regarding the Balikbayan Box Sponsored Links According to the report, Lapena’s directive also formed a team and directed to come up with proposed changes to Customs Administrative Order 05-2016 (CAO 05-2016) and to amend it in accordance with what the stakeholders suggested, indicating that the controversial policy may yet be watered down due to concerns raised by concerned sectors– from OFWs to forwarders and deconsolidators. The CAO 05-2016 seek to impose stricter procedures on shipping balikbayan boxes; CMO 04-2017 is its implementing guidelines which caused to agitate the OFWs who countered that BOC should go after big time smugglers instead and not their hard-earned balikbayan boxes. Source: The Filipino Times Advertisement Read More: ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF AR


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According to the report, Lapena’s directive also formed a team and directed to come up with proposed changes to Customs Administrative Order 05-2016 (CAO 05-2016) and to amend it in accordance with what the stakeholders has suggested, indicating that the controversial policy may yet be watered down due to concerns raised by concerned sectors– from OFWs to forwarders and deconsolidators.


The CAO 05-2016 seek to impose stricter procedures on shipping balikbayan boxes; CMO 04-2017 is its implementing guidelines which caused to agitate the OFWs who countered that BOC should go after big time smugglers instead and not their hard-earned balikbayan boxes.
However, we asked a confirmation to the official social media page of the BOC and they said that the memorandum suspending CMO 04-2017 is not yet issued but they will provide updates regarding the matter.
An unconfirmed report from UAE based news company The Filipino Times said that Commissioner Isidro S. Lapena has issued a directive suspending Customs Memorandum Order 04-2017, which imposes lengthy procedures on sending OFW balikbayan boxes. “In view of the valid issues raised by stakeholders...the implementation of CAO 05-2016 and CMO 04-2017 and the requirement of registration of deconsolidators are hereby suspended until March 21, 2018,” Lapeña quoted as saying. Read: What You Need to know About The New Regulation Regarding the Balikbayan Box Sponsored Links According to the report, Lapena’s directive also formed a team and directed to come up with proposed changes to Customs Administrative Order 05-2016 (CAO 05-2016) and to amend it in accordance with what the stakeholders suggested, indicating that the controversial policy may yet be watered down due to concerns raised by concerned sectors– from OFWs to forwarders and deconsolidators. The CAO 05-2016 seek to impose stricter procedures on shipping balikbayan boxes; CMO 04-2017 is its implementing guidelines which caused to agitate the OFWs who countered that BOC should go after big time smugglers instead and not their hard-earned balikbayan boxes. Source: The Filipino Times Advertisement Read More: ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF AR
UPDATE: The SUSPENSION OF THE IMPLEMENTATION OF CAO 05-2016 ON "CONSOLIDATED SHIPMENT OF DUTY AND TAX-FREE BALIKBAYAN BOXES" AND CMO 04-2017 "GUIDELINES THE IMPLEMENTATION OF CUSTOMS ADMINISTRATIVE ORDER (CAO) NO. 05-2016 ON CONSOLIDATED SHIPMENT OF DUTY AND TAX-FREE BAUKBAYAN BOXES WITH REVISED INFORMATION SHEET" is now in effect.
A new rule that is set to be implemented starting August 1,2017 has been suspended according to a report. An unconfirmed report from UAE based news company, The Filipino Times, said that Commissioner Isidro S. Lapeña has issued a directive suspending Customs Memorandum Order 04-2017, which imposes lengthy procedures on sending OFW balikbayan boxes. “In view of the valid issues raised by stakeholders...the implementation of CAO 05-2016 and CMO 04-2017 and the requirement of registration of deconsolidators are hereby suspended until March 21, 2018,” Lapeña quoted as saying. An unconfirmed report from UAE based news company The Filipino Times said that Commissioner Isidro S. Lapena has issued a directive suspending Customs Memorandum Order 04-2017, which imposes lengthy procedures on sending OFW balikbayan boxes. “In view of the valid issues raised by stakeholders...the implementation of CAO 05-2016 and CMO 04-2017 and the requirement of registration of deconsolidators are hereby suspended until March 21, 2018,” Lapeña quoted as saying. Read: What You Need to know About The New Regulation Regarding the Balikbayan Box Sponsored Links According to the report, Lapena’s directive also formed a team and directed to come up with proposed changes to Customs Administrative Order 05-2016 (CAO 05-2016) and to amend it in accordance with what the stakeholders suggested, indicating that the controversial policy may yet be watered down due to concerns raised by concerned sectors– from OFWs to forwarders and deconsolidators. The CAO 05-2016 seek to impose stricter procedures on shipping balikbayan boxes; CMO 04-2017 is its implementing guidelines which caused to agitate the OFWs who countered that BOC should go after big time smugglers instead and not their hard-earned balikbayan boxes. Source: The Filipino Times Advertisement Read More: ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF AR Read: What You Need to know About The New Regulation Regarding the Balikbayan Box Sponsored Links According to the report, Lapena’s directive also formed a team and directed to come up with proposed changes to Customs Administrative Order 05-2016 (CAO 05-2016) and to amend it in accordance with what the stakeholders has suggested, indicating that the controversial policy may yet be watered down due to concerns raised by concerned sectors– from OFWs to forwarders and deconsolidators. The CAO 05-2016 seek to impose stricter procedures on shipping balikbayan boxes; CMO 04-2017 is its implementing guidelines which caused to agitate the OFWs who countered that BOC should go after big time smugglers instead and not their hard-earned balikbayan boxes. However, we asked a confirmation to the official social media page of the BOC and they said that the memorandum suspending CMO 04-2017 is not yet issued but they will provide updates regarding the matter. An unconfirmed report from UAE based news company The Filipino Times said that Commissioner Isidro S. Lapena has issued a directive suspending Customs Memorandum Order 04-2017, which imposes lengthy procedures on sending OFW balikbayan boxes. “In view of the valid issues raised by stakeholders...the implementation of CAO 05-2016 and CMO 04-2017 and the requirement of registration of deconsolidators are hereby suspended until March 21, 2018,” Lapeña quoted as saying. Read: What You Need to know About The New Regulation Regarding the Balikbayan Box Sponsored Links According to the report, Lapena’s directive also formed a team and directed to come up with proposed changes to Customs Administrative Order 05-2016 (CAO 05-2016) and to amend it in accordance with what the stakeholders suggested, indicating that the controversial policy may yet be watered down due to concerns raised by concerned sectors– from OFWs to forwarders and deconsolidators. The CAO 05-2016 seek to impose stricter procedures on shipping balikbayan boxes; CMO 04-2017 is its implementing guidelines which caused to agitate the OFWs who countered that BOC should go after big time smugglers instead and not their hard-earned balikbayan boxes. Source: The Filipino Times Advertisement Read More: ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF AR UPDATE: The SUSPENSION OF THE IMPLEMENTATION OF CAO 05-2016 ON "CONSOLIDATED SHIPMENT OF DUTY AND TAX-FREE BALIKBAYAN BOXES" AND CMO 04-2017 "GUIDELINES THE IMPLEMENTATION OF CUSTOMS ADMINISTRATIVE ORDER (CAO) NO. 05-2016 ON CONSOLIDATED SHIPMENT OF DUTY AND TAX-FREE BAUKBAYAN BOXES WITH REVISED INFORMATION SHEET" is now in effect. Source: The Filipino Times An unconfirmed report from UAE based news company The Filipino Times said that Commissioner Isidro S. Lapena has issued a directive suspending Customs Memorandum Order 04-2017, which imposes lengthy procedures on sending OFW balikbayan boxes. “In view of the valid issues raised by stakeholders...the implementation of CAO 05-2016 and CMO 04-2017 and the requirement of registration of deconsolidators are hereby suspended until March 21, 2018,” Lapeña quoted as saying. Read: What You Need to know About The New Regulation Regarding the Balikbayan Box Sponsored Links According to the report, Lapena’s directive also formed a team and directed to come up with proposed changes to Customs Administrative Order 05-2016 (CAO 05-2016) and to amend it in accordance with what the stakeholders suggested, indicating that the controversial policy may yet be watered down due to concerns raised by concerned sectors– from OFWs to forwarders and deconsolidators. The CAO 05-2016 seek to impose stricter procedures on shipping balikbayan boxes; CMO 04-2017 is its implementing guidelines which caused to agitate the OFWs who countered that BOC should go after big time smugglers instead and not their hard-earned balikbayan boxes. Source: The Filipino Times Advertisement Read More: ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF AR Advertisement Read More: ©2017 THOUGHTSKOTO
Source: The Filipino Times
An unconfirmed report from UAE based news company The Filipino Times said that Commissioner Isidro S. Lapena has issued a directive suspending Customs Memorandum Order 04-2017, which imposes lengthy procedures on sending OFW balikbayan boxes. “In view of the valid issues raised by stakeholders...the implementation of CAO 05-2016 and CMO 04-2017 and the requirement of registration of deconsolidators are hereby suspended until March 21, 2018,” Lapeña quoted as saying. Read: What You Need to know About The New Regulation Regarding the Balikbayan Box Sponsored Links According to the report, Lapena’s directive also formed a team and directed to come up with proposed changes to Customs Administrative Order 05-2016 (CAO 05-2016) and to amend it in accordance with what the stakeholders suggested, indicating that the controversial policy may yet be watered down due to concerns raised by concerned sectors– from OFWs to forwarders and deconsolidators. The CAO 05-2016 seek to impose stricter procedures on shipping balikbayan boxes; CMO 04-2017 is its implementing guidelines which caused to agitate the OFWs who countered that BOC should go after big time smugglers instead and not their hard-earned balikbayan boxes. Source: The Filipino Times Advertisement Read More: ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF AR

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