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.”...
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...
Meralco PowerGen Corporation, the power investment arm of Manila Electric Company, is eyeing to secure approval from the Philippine Competition Commission (PCC) on the triarchy deal that it sealed for the $3.3 billion integrated liquefied natural gas (LNG) project in Batangas province. MGen...
A joint task force of the Energy Regulatory Commission (ERC) and Department of Justice (DOJ) is being pushed, purposively to prosecute erring players in the restructured power industry. “What we’re trying to work out with the DOJ is the procedure … so we might form a task force to enforce the...
The Philippine Competition Commission (PCC) is not keen on imposing a limit on the number of motorcycle taxis that would ply the country’s road once Congress approves the proposal to regulate and legalize motorcycles-for-hire. A representative of the PCC who participated in the recent joint...
Grab Philippines said it was already working to implement the remaining P6.66-million reimbursement to users following the issuance of a Philippine Competition Commission (PCC) resolution directing the transport company to complete reimbursements totaling P25.4 million. In a statement following the...
Grab Philippines said it was surprised by the decision of the Philippine Competition Commission (PCC) to impose a new penalty on the remaining refund for its customers and is evaluating its legal options on the fine. "We are surprised at PCC's decision to fine us - given that we've been proactively...
