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M&A deal value for PCC review raised to P2.4B starting March

THE Philippine Competition Commission (PCC) has raised anew the threshold asset and transaction values for compulsory notification of mergers and acquisitions.

San Miguel buyout of Holcim worries competition watchdog

THE Philippine Competition Commission (PCC) has raised concerns regarding San Miguel Corp.’s (SMC) proposed $2.15-billion acquisition of Holcim Philippines Inc. (HPI), saying the deal could lessen competition in the grey cement market in Luzon.

PCC renews call to review foreign equity limit in public services

THE Philippine Competition Commission (PCC) is renewing its recommendation to amend the law that limits foreign equity in public services.

PCC backs classification of motorcycle taxis as public transport

THE COUNTRY’S antitrust watchdog has expressed support for the classification of motorcycle taxis as a mode of public transport as it continues to call for market-driven competition.

Antitrust body to ease rules for unsolicited PPP joint ventures

THE Philippine Competition Commission (PCC) has drafted a circular that exempts from compulsory notification the joint ventures (JVs) of private entities formed for an unsolicited public-private partnership (PPP) project.

Antitrust body wants dawn raids without writ

THE Philippine Competition Commission (PCC) wants Congress to empower it to conduct dawn raids without a court order, as it bolsters its probe of dishonest or fraudulent rivalry in trade and commerce, according to the agency’s year-end report.

Filinvest-Mitsubishi JV gets PCC go signal

THE Philippine Competition Commission (PCC) green-lit a joint venture (JV) between Mitsubishi Corporation and Filinvest Alabang, Inc. (FAI) to develop upscale mixed-used projects in Alabang, Muntinlupa City.

PCC approves Mikuni Toyo’s acquisition of Hitachi Terminals

THE PHILIPPINE Competition Commission (PCC) has approved the full acquisition of Hitachi Terminals Mechatronics Philippines Corp. by Japanese firm Mikuni Toyo Co., Ltd. as the transaction is not seen to lessen competition in the domestic market.

Grab won’t dispute PCC’s P23.45 million fine, refund order

RIDE-HAILING firm Grab Philippines said it will not dispute the fine imposed by the antitrust regulator for breaching its initial pricing commitment.

Laban Konsyumer files competition complaint vs oil companies, DoE

A CONSUMER RIGHTS advocacy group on Thursday filed a complaint with the Philippine Competition Commission (PCC) alleging petroleum price fixing, cartel, and collusion among 15 oil companies and the Department of Energy (DoE).

SC ruling on business inspections to boost PCC

THE PHILIPPINE Competition Commission (PCC) said the recent Supreme Court (SC) ruling that authorizes commercial courts to conduct inspection orders on business premises for anti-competitive behavior will bolster its investigation tools.

PCC wants Grab to ensure ‘reasonable’ fare increases

THE Philippine Competition Commission (PCC) is working with ride-hailing app Grab Philippines to ensure fare increases are reasonable, as it dominates the market after taking over Uber’s local operations last year.

PCC approves Pasay JV with Dennis Uy-led group

THE Philippine Competition Commission (PCC) green-lit a joint venture (JV) between the City Government of Pasay and a group led by Davao-based businessman Dennis A. Uy that will pave the way for a 265-hectare Manila Bay land reclamation project in Pasay City.

PCC fines Wingtech for late filing of notice for Nexperia acquisition

THE PHILIPPINE Competition Commission (PCC) fined Huawei contract manufacturer Wingtech Technology Co. Ltd. following late notification of its acquisition of Dutch semiconductor firm Nexperia Holding B.V., the anti-trust authority said in a statement on Monday.

PCC monitors impact of safeguard duty on cement

THE Philippine Competition Commission (PCC) is monitoring the impact of the safeguard duty imposed on imported cement on the prices of consumer products, its top official said.

PCC approves GT Capital-Pro Friends deal

GT Capital Holdings, Inc. has secured approval from the Philippine Competition Commission (PCC) for its disposal of its 51% stake in Property Company of Friends, Inc. (Pro-Friends).

Meralco-led consortium’s joint venture with BCDA gets PCC approval

THE Philippine Competition Commission (PCC) has approved the proposed joint venture between the Bases Conversion and Development Authority (BCDA) and the consortium of Manila Electric Co. (Meralco) and Japanese firms Marubeni Corp., Kansai Electric Power Co., Inc. and Chubu Electric Power Co., which will undertake the development of a power distribution system in New Clark City (NCC).

East West’s acquisition of PBCom car loan portfolio gets PCC nod

THE Philippine Competition Commission (PCC) has given East West Banking Corp. the green light to acquire the car loan portfolio of Philippine Bank of Communications (PBCom).

Pre-merger information exchange restricted

BUSINESSES moving towards merger or acquisition should not exchange confidential business information until their deal has been approved, the Philippine Competition Commission (PCC) said in an April 11 guidance posted recently on its Web site.

PCC green-lights Ayala’s acquisition of pharmacy

THE Philippine Competition Commission (PCC) has approved Ayala Healthcare Holdings, Inc.’s (AHHI) acquisition of a majority stake in Negros Grace Pharmacy, Inc.

PHL competition watchdog expands review of GSK-Pfizer deal

THE Philippine Competition Commission (PCC) said it will look further into GlaxoSmithKline (GSK) Consumer Healthcare Holdings, Ltd.’s proposed acquisition of Pfizer Inc.’s global consumer health care business to determine if the deal will reduce competition in certain pharmaceutical drug markets.

PCC seeking authorization to review completed mergers

THE PHILIPPINE Competition Commission (PCC) said it intends to form a task force that will look into previously-approved mergers and acquisitions to review how the deals developed amid fast-evolving regulations and industry structures.

PCC to look into cold-storage cartel in onion industry

THE Philippine Competition Commission (PCC) said it will look into the Department of Agriculture’s (DA) complaint on the alleged cold-storage cartel in the onion industry.

PCC to further review Dasmariñas-PrimeWater deal

THE Philippine Competition Commission (PCC) on Tuesday said it is further reviewing the proposed joint venture of Dasmariñas Local Water District (Dasma Water) and PrimeWater Infrastructure Corp.

PCC approves Aboitiz acquisition, Bonifacio East deals

THE Philippine Competition Commission (PCC) said it approved on Thursday Aboitiz Power Corp.’s acquisition of a stake in AA Thermal Inc., as well as a joint venture agreement signed with a Chinese company by the Bases Conversion Development Authority (BCDA) and the National Housing Authority (NHA).

PCC green-lights sale of Splash to Bangalore firm

THE Philippine Competition Commission (PCC) said it has approved a Bangalore-based company’s plan to acquire Philippine personal care manufacturer Splash Corp.

Watchdog ups M&A reporting trigger

THE PHILIPPINE Competition Commission will raise next month the threshold values for required notification of mergers and acquisitions (M&As), according to a resolution posted on Thursday on the watchdog’s Web site.

PCC, DTI sign MoA on data-sharing, other monitoring components

THE Philippine Competition Commission and the Department of Trade and Industry signed on Friday a memorandum of agreement (MoA) aimed at facilitating data-sharing between the two agencies and ensuring fair competition among the industries on their watch.

PCC bares 2019 priorities, probe of auction of ‘major’ state project

THE PHILIPPINE COMPETITION COMMISSION (PCC) on Friday outlined priority sectors for competition analysis this year and said it is investigating suspected irregularities in the auction of the contract for a multimillion-peso government project.

PCC rejects URC’s voluntary commitments for Roxas Holdings deal

THE Philippine Competition Commission (PCC) has turned down the voluntary commitments offered by Universal Robina Corp. (URC) in relation to its acquisition of the sugar milling and refining assets of Roxas Holdings, Inc.’s (RHI) subsidiary Central Azucarera Don Pedro, Inc. (CADPI).

PCC sets compliance period for CLC’s commitments for Trans-Asia acquisition

THE Philippine Competition Commission (PCC) is allotting a four-year period to monitor the compliance of Chelsea Logistics Holdings Corp. (CLC) with its voluntary commitments for its acquisition of Trans-Asia Shipping Lines, Inc.

PCC leniency program rules take effect this month

THE Philippine Competition Commission’s (PCC) rules on its leniency program will take effect later this month, after the final version was published last week.

Competition Commissioner to run for congresswoman

COMMISSIONER Stella Luz A. Quimbo of the Philippine Competition Commission (PCC) will run in the midterm elections for representative of the 2nd district of Marikina City, incumbent Rep. Romero S. Quimbo, the commissioner’s husband, confirmed.

PCC slaps fine on 2 steel firms

THE Philippine Competition Commission (PCC) approved Macsteel Global SARL B.V.’s (MacGlobal) acquisition of MSSA Investments’s stake in Macsteel International Holdings B.V., but slapped the companies with a more than P500,000 fine for its failure to notify the competition watchdog within the required period.

PCC: Draft common tower policy is anti-competitive

THE Philippine Competition Commission (PCC) on Tuesday said the draft policy on common towers, crafted by the Department of Information and Communications Technology (DICT) and National Telecommunications Commission (NTC), may be anti-competitive as it allows only two tower companies to operate in the first four years of its implementation.

CLC-Trans-Asia deal under review

THE Philippine Competition Commission (PCC) on Wednesday started a review of Chelsea Logistics Holdings Corp.’s (CLC) acquisition of Trans-Asia Shipping Lines, Inc.

PCC green-lights SYNNEX acquisition of Convergys

THE Philippine Competition Commission (PCC) has green-lighted American business process outsourcing firm Synnex Corp.'s acquisition of US-based call center company Convergys Corp. 

PCC approves Rockwell-Carmelray JV

ROCKWELL Land Corp. is set to launch a 63-hectare mixed use estate in Laguna by the middle of 2019, after securing approval from the Philippine Competition Commission (PCC) for its partnership with the Yulo family.

PCC starts further review of URC-Roxas Holdings deal

UNIVERSAL ROBINA Corp. (URC) on Thursday said it is acquiring the sugar milling and refining assets of Roxas Holdings, Inc.’s (RHI) subsidiary in Nasugbu, Batangas.

Competition watchdog approves Grab-Uber deal

THE PHILIPPINE COMPETITION COMMISSION (PCC) has cleared Grab Philippines’ (MyTaxi.PH Inc.) acquisition of the local business of Uber and Uber Systems, Inc., but will monitor for a year the former’s compliance with quality and pricing standards it had committed to.

PCC extends review period for Grab’s ‘voluntary commitments’

GRAB PHILIPPINES (MyTaxi.PH, Inc.) said it is inching closer to settling its voluntary commitments to the Philippine Competition Commission (PCC) to address anti-competition issues flagged by the government regarding its acquisition of Uber Philippines in March.

Antitrust watchdog seeks longer period for M&A review

THE PHILIPPINE Competition Commission (PCC) wants more time in reviewing mergers and acquisitions, saying the current deadline is “very tight.”

Trade dep’t asks PCC to look into ‘excessive’ fees by foreign...

The Department of Trade and Industry has requested the Philippine Competition Commission (PCC) to look into "excessive" charges imposed by foreign shipping lines to...

PCC approves three merger, acquisition plans

THE Philippine Competition Commission (PCC) has approved three merger and acquisition transactions in the real estate, housing and manufacturing sectors.

ConCom introduces proposal strengthening PCC

By Charmaine A. Tadalan A SUBCOMMITTEE of the Consultative Committee (ConCom) on Charter Change proposed creating a national competition authority to “strongly” regulate a liberalized...