The Philippine Competition Commission (PCC) has made inflation adjustment to its schedule of fines, effectively raising by 10 percent the administrative penalties for violations of the competition law . In its Memorandum Circular No. 21-001 published today, (Jan. 25, 2021), the PCC has...
The Philippine Competition Commission (PCC) has approved the acquisition by Scatec Solar ASA (Scatec Solar) of 100 percent of SN Power AS (SN Power) from the Norwegian Investment Fund for Developing Countries (Norfund). SN Power has investments in hydro-power businesses in the Philippines...
The National Competition Policy (NCP), which has been adopted by the National Economic Development Authority (NEDA), is just awaiting approval by Malacanang for its implementation via an administrative order. The Philippine Competition Commission (PCC) reported the pending Malacanang approval of...
PCC rules The Philippine Competition Commission (PCC) has indicated that ‘gas transmission pipelines’ shall not be considered as “public utility’, hence, these investments will not be needing franchise from Congress. This was stated by Atty Christina Faye Condez-De Sangon, legislative and...
The ‘investigative powers’ being exercised by the Department of Energy-Department of Justice (DOE-DOJ) task force over abuses in the downstream oil sector was proposed to be transferred to the Philippine Competition Commission (PCC) to ensure non-discriminatory handling of cases. The...
The country’s competition watchdog said it remains vigilant to transactions below the significantly lower mandatory threshold merger review of P50 billion even as it focuses on its enforcement function during this period of pandemic. Philippine Competition Commission (PCC) Chairman Arsenio...
The Philippine Competition Commission (PCC) has issued rules on review of mergers and acquisitions (M&As) under Bayanihan to Recover as One Act (Bayanihan 2). The new rules took effect yesterday. The new rules detail the exemptions from compulsory notification and motu proprio review,...
The Philippine Competition Commission (PCC) cited the Supreme Court’s (SC) ruling declaring certain anti-competitive regulations implementing the Contractors’ License Law unconstitutional, paving a level playing field for local and foreign firms to undertake construction activities in the...
The Philippine Competition Commission (PCC) will no longer review mergers and acquisitions with transaction value of less than P50 billion following the suspension of the exercise of this function under the Bayanihan to Recover as One Act (Bayanihan 2). Instead, PCC said will issue the...
