The Securities and Exchange Commission should rule independently on Multiply, Malacañang said Tuesday as it insisted that the Palace will respect any decision on the fate of the website.
"I don’t think SEC will let any institution influence its decision," Presidential Spokesman Edwin Lacierda said during a Palace press briefing.
Lacierda, a lawyer, said the SEC should be allowed to decide freely on the franchise of the website.
"The official position of the President is: since the matter is pending with the SEC, we will respect the decision of the SEC. Pero sa ngayon po antayin muna natin ang desisyon ng SEC," he said.
(For now, let's wait for the SEC decision.)
Solicitor General Francis Jardeleza had warned the SEC against issuing provisional authorities to Multiply in the absence of a franchise from Congress.
The SEC earlier committed to allow Multiply to operate, as requested by lawmakers, who have yet to tackle several bills seeking a fresh 25-year-franchise for the company.
https://news.abs-cbn.com/news/05/05/20/palace-ntc-should-independently-decide-on-abs-cbn-franchise
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