MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Rappler may have found the magic bullet in its ongoing saga with the Securities and Exchange Commission (SEC).
SEC had earlier revoked Rappler’s media license on the grounds that Maria Ressa’s online news source was not 100% Filipino-owned as mandated by the Philippine Constitution. The revocation was challenged and the Court of Appeals had asked SEC to review — but not rescind it.
But rather than wait for SEC’s review, Rappler announced today that it had filed an amendment to its SEC registration, claiming that it is now an “animation” company.
”As animators, we would not be considered media and therefore not subject to the Constitutional requirement of 100% Filipino ownership,” Ressa told The Adobo Chronicles.
Ressa’s change of heart came on the heels of the launching of Rappler’s first video animation project — telling the story of the Filipino fishing boat which was rammned by a Chinese vessel in the West Philippine Sea.
As an animation company, Rappler can solicit funding from foreign investors.
Rappler can now have its cake and eat it too!
BAGUI0 CITY, Philippines (The Adobo Chronicles, Baguio Bureau) – Forget about the KAPA Ministry investment scheme, or the Roman Catholic Archdiocese of Manila’s rich portfolios in the stock market. The Archdiocese of Baguio has found a better strategy to raise the money needed for its evangelization program.
Concerned that the Sunday basket collection seems to be on a steep decline, the Baguio Archdiocese has come up with a novel idea to boost its fundraising efforts —sell and deliver Holy Water to the city’s devout Catholics.
Is the Summer Capital of the Philippines about to become the Catholic Capital? Not just for the sprinkling of Holy Water, but bathing in it.
God bless, as Filipinos like to say.
HOLLYWOOD, California (The Adobo Chronicles, Hollywood Bureau) – There’s no stopping Maria Ressa and her online business, Rappler, from reaping international awards!
Today, Disney announced that it was giving Rappler one of its most prestigious awards — the Disney Animator of the Year.
The award was in recognition of Rappler’s animated version of the recent alleged sinking by a Chinese vessel of a Philippine fishing boat in the West Philippine Sea.
Speaking with The Adobo Chronicles, Ressa said she is humbled by this great honor and credited her team of Rapplerettes that created this amazing video.