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...
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...
The Philippine Competition Commission (PCC) has slapped a fresh P9-million peso fine on Grab Philippines amid its failure to fully refund its customers more than three years after the anti-trust body first ordered the reimbursement. In a statement, PCC said that the latest fine is on top of the...
The Energy Regulatory Commission (ERC) has admitted weakness in investigating anti-competitive behavior, especially for company participants that are trading their generated capacities in the Wholesale Electricity Spot Market (WESM). Given this difficulty in its market policing power, ERC...
