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...
The Philippine Competition Commission (PCC) has published its Guidelines on Merger Remedies which outlines how it assesses the merging parties’ proposals to address competition concerns arising from merger and acquisition (M&A) transactions. The Guidelines contain guidance on the design,...
The Philippine Competition Commission (PCC) said it has begun a Phase 2 review of a proposed joint venture involving independent tower companies in the country to fully assess the impact on competition after the Phase 1 review. In a statement on Tuesday, June 11, the anti-trust body said that the...
The Philippine Competition Commission (PCC) has cleared the proposed joint venture between the subsidiaries of Mitsui & Co., Ltd. (Mitsui) for its business process outsourcing unit and KDDI Corporation (KDDI), an ICT solutions provider. In a statement released Monday, April 29, the PCC said...
Senator Sherwin Gatchalian said he is hopeful that the joint task force between the Energy Regulatory Commission (ERC) and the Philippine Competition Commission (PCC) will addess the perennial problems hounding the country’s power sector. “I am confident that the task force would work to...
After more than two decades of deregulation in the power sector and countless collusion allegations at the spot market, it is finally coming to the senses of industry regulators to step up ‘police powers’ against anti-competitive behavior that could distort market dynamics in the private...
The Philippine Competition Commission (PCC) has given the greenlight for Fresh River Lakes Corporation, a subsidiary of the Lopez-controlled First Gen Corporation, to acquire Casecnan Hydroelectric Power Plant (CHEPP) The 165MW Casecnan hydroeletric power plant CHEPP is being sold by the...
The $1.8-billion acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI) by Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc (CCEP) takes a further step towards completion after getting the green light from the Philippine Competition Commission (PCC). In a disclosure to...
Robinsons Retail Holdings Inc. (RRHI), a member of the Gokongwei Group, reported that its acquisition of Rose Pharmacy Inc. has been cleared by the Philippine Competition Commission (PCC). Under a share purchase agreement dated Sept. 25, 2020, RRHI, through its subsidiary South Star Drug Inc.,...
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...
