PDRs allow foreigners to invest without violating PH laws, says Monsod

countries to attract foreign investors.

Rep. Michael Defensor said on Thursday that ABS-CBN was engaged in company-layering, and that PDR holders have some control of the corporation. “Because in the case of Rappler, there was a provision or requirement of a good faith discussion with the PDR holder on certain matters, including amendments of the articles of incorporation and the requirements of two-thirds vote of PDR holders. There is no such provision in the PDR issued by ABS-CBN Holdings,” he said.

The SEC, in a Senate hearing in February, said that the PDRs issued by ABS-CBN Holdings were compliant with existing regulations at the time of issuance.

I Have Filipino Parents just like Gabby and Born here in PH, I migrated to the USA and became a NATURALIZED American, when I came back here in PH I am no Longer FILIPINO, so I have to apply for a DUAL CITIZENSHIP, so did Gabby Lopez applied for DUAL CITIZENS

PDRs are TANTAMOUNT to SHARE of STOCKS and it EARN MONEY thru DIVIDENDS.And did Gabby Lopez ever Applied for Dual Citizen here in PH if not then he has to apply being a US cituzen by way of Birth although with Filipino Parents.

Gonggong talaga itong si monsod kagaya ni winnie

Monsod: ABS-CBN's favorite go-to detractor expert for when they need to back up their failing propaganda.

This is one way the Yellows keep their hold on power. By interpreting the 1987 Yellow Constitution themselves! Wala na bang ibang expert E asawa ng dilaw na dilaw na si winnie monsod ito e!!

I watched the ABSCBNFranchiseRenewal hearing Itong mga anti-abscbn or Duterte’s puppets in the House of Representatives are like parrots at super mga MAYAYABANG.Networks reps are calm and very professional. The Congos were hard to understand

Wag lang 60:40 ano sir?

🤔🇵🇭🥛

Mali opinion niya. Ngetpa asawa niya eh...

Meanwhile... Cong. Marcoleta citing ABSCBN Holdings Benificial Ownership Disclosure dated Oct 28, 2019. “The PDRs unlocked the share value of ABSCBN Corporation, ALLOWING foreigners to participate in a media enterprise whose ownership is constitutionally limited to Filipinos.'

PDRs are foreign ownership but were deemed legal so unless they can change that ruling it holds as no violation how ABSCBN has their PDRs set up

gmanetwork : Sa amin legal ang pag issue ng PDR. Wala kaming nilalabag n batas. 😏 : Pareho lng kayo ng PDR ng ABS-CBN. At may banyaga ding binebentahan nyo ng PDR's? Bakit di nyo saklolohan ng ABS-CBN? GMA7 : EHEM.. EXCUSE ME PO. 😏 : Tsaka taas ng rating nyo ngayon ha.

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House panel wants mass media, broadcast firms to submit their PDRsA congressman is seeking copies of Philippine Depositary Receipts (PDRs) issued by major mass media firms in the country amid its inquiry...
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House panel to probe all broadcast media-issued PDRs
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ABS-CBN, GMA acted in good faith in issuing PDRs – SECABS-CBN President and CEO Carlo Katigbak says the company is willing to comply with any new government order concerning Philippine Depositary Receipts or PDRs. So does it jive that persuasions of 'good faith' are invoked in the context of financial and investment instruments, we're self-preservation and self-interest and profits are the objective Former Sec. Abad said Disbursement Acceleration Program (DAP) was implemented also in 'good faith'. It was later declared ILLEGAL by the Supreme Court. Matapos mabuko sila ng SEC ay yan ang scapegoat nila! Very obvious yung kapalpakan ng SEC at PSE dyan sa PDRs na yan dahil sa akala nila forever na mapapaikot nila ang batas at mga tao! Kung may iba pang dapat i-persecute dyan eh ang SEC na ngayon panay ang hanap ng palusot!
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ABS-CBN legal counsel explains PDRsDEL CASTILLO, Cynthia--Ateneo de Manila University School of Law. so what choconut? sama mo si Lopez at lahat ng bar topnotchers ninyo. aber? Hinde nga umobra kina cong. Marcoleta, varzaga,remulla,defensor. Hay naku game over na.
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