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...
The Philippine Competition Commission (PCC) has joined the probe on the unusual high prices of onion for possible cartel or abuse of dominance conduct. In a statement, the anti-trust watchdog said their investigation started in December last year is consistent with the probe prompted by House...
The Philippine Competition Commission (PCC) has approved the proposed acquisition by AIA Philippines Life and General Insurance Company Inc. (AIA Philippines) of 100 percent shares in MediCard Philippines Inc. (MediCard) stating the merger will not diminish market competition in the sector. In a...
The Governance Commission for GOCCs (GCG) and the Philippine Competition Commission (PCC) have signed an agreement to exchange information. The memorandum of agreement, covering both private and government-owned companies, was signed GCG Chairperson Alex L. Quiroz and PCC Officer-in-Charge Johannes...
A strong competition policy will help strengthen the Philippines’ foundation to achieve upper-middle income country status, and to sustain growth towards high-income country status in one generation, Socioeconomic Planning Secretary Karl Kendrick T. Chua said. "By fostering a business-friendly...
The Philippine Competition Commission (PCC), the anti-trust authority in the country, has expressed opposition to any extension on the suspension of its motu proprio review power on mergers and acquisitions (M&As). PCC Chairman Arsenio Balisacan said this at the virtual “Enhancing Competition...
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 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...
