The Philippine Competition Commission (PCC) has cleared the acquisition by a Singapore-based investment firm of a local holding company that operates cold storage facilities. In a statement, the PCC said it approved the buyout of Permafrost Investments GMF2 Pte. Ltd. (Permafrost Singapore) for a...
The Philippine Competition Commission (PCC) has approved the proposed acquisition deal between Metanoia South Pte. Ltd. and Copper Smelting Investments Ltd., finding that the agreement poses no competition risks. The PCC said the acquisition was approved following a Phase 1 review, which determines...
A Singapore-based holding company is set to take over Indonesian retail giant PT Mitra Adiperkasa Tbk after receiving clearance from the Philippine Competition Commission (PCC). In a statement, the PCC said the deal was approved after the country’s antitrust body found no risk of reduced...
The Philippine Competition Commission (PCC) has cleared the proposed joint venture between Ayala Corp. and Mitsubishi Corp., stemming from the latter’s acquisition of a 50 percent stake in Ayala-led AC Ventures Holding Corp. In a statement on Thursday, July 31, the country’s antitrust body...
The Department of Energy (DOE) said that it is withholding the issuance of a Certificate of Conformity (COC) to the Manila Electric Company (Meralco) until it receives aligned findings from both the Philippine Competition Commission (PCC) and the Energy Regulatory Commission (ERC). Energy Assistant...
The competition in the country’s free television industry has severely weakened since the non-renewal of ABS-CBN Corp.'s franchise in 2020, according to a new study by the Philippine Competition Commission (PCC). The study titled “Blocktiming Practices in the Philippine Free TV Industry.”...
Sultan Kudarat 2nd district Rep. Horacio Suansing Jr. stands at the podium on the plenary floor. (Facebook) Sultan Kudarat 2nd district Rep. Horacio Suansing Jr. is prodding the Bureau of Internal Revenue (BIR) and the Philippine Competition...
Regulators have given the green light to an alliance between a trio of Philippine energy giants, granting them control over the integrated liquefied natural gas (LNG) project in Batangas province. The Philippine Competition Commission (PCC) announced on Monday. Dec. 23, it approved a joint...
The Philippine Competition Commission (PCC) has launched a second phase of review for GCash’s planned acquisition of a 100-percent stake in Electronic Commerce Payments Inc. (EC Pay) for P3 billion. In an emailed statement on Friday, Nov. 22, the competition watchdog said a second round of review...
The Philippine Competition Commission (PCC) has signed a memorandum of cooperation with SM Supermalls, the country's biggest mall operator, to champion fair competition and consumer welfare. The partnership was launched on Sept. 17, 2024 at the PCC main office in Quezon City with a nationwide...
In response to President Marcos' directive to go after smugglers and hoarders, the Philippine Competition Commission (PCC) will be filing a case against 12 onion importers and traders engaged in anti-competitive practices. Unsplash In a memorandum for President Marcos coursed through Executive...
The Philippine Competition Commission has cleared the Consunji Group’s planned acquisition of a controlling stake in Cemex Holdings Philippines Inc. (CHP). In a disclosure to the Philippine Stock Exchange, the group said DMCI Holdings Inc., Dacon Corporation, and Semirara Mining and Power...
