SEC Grants Rappler A Cookbook Status

EE52574D-C9F0-4580-8C97-53D79730475FMANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Rappler can stay in business without violating the Philippine Constitution. This was the decision handed down today by the Securities and Exchange Commission (SEC).

SEC previously revoked the media license of Rappler after it ruled that the online news source owned by Maria Ressa violated the Constitution which prohibits full or partial ownership of Philippine media by foreigners or foreign entities.

Foreign-owned Omidyar Network is an investor in Rappler.

But in order to salvage its legal business status, Ressa applied for a new SEC license that re-classifies Rappler as a cookbook. The application was immediately approved.

For its first article, Rappler posted an enticing recipe of Tofu and Green Bean Stir Fry.

So shall we now call CEO Ressa Rappler’s  Executive Chef?

 

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