PRESS RELEASE 2017-027 December 22, 2017   PCC, BSP ink partnership; streamline consolidation rules The Philippine Competition Commission (PCC) inks a partnership with the Bangko Sentral ng Pilipinas (BSP) sealing a harmonized campaign to foster competition amid the changing landscape of the banking industry. The signing of the Memorandum of Agreement (MOA) on Friday, led… continue reading ››

Statement on the Opening of Phase 2 Review M-039/2017 Proposed Acquisition by Udenna Corporation of Shares in KGLI-NM Holdings, Inc.   On 10 November 2017, the Mergers and Acquisitions Office (the “MAO”) decided to move to a Phase 2 Review of the PROPOSED ACQUISITION BY UDENNA CORPORATION OF SHARES IN KGLI-NM HOLDINGS, INC. (the “Transaction”),… continue reading ››

DEADLINE IS EXTENDED to January 5, 2018!   CALL FOR ENTRIES: PCC VIDEO-MAKING CONTEST Due to numerous requests from students, the Philippine Competition Commission (PCC) will extend the deadline for entries in the Video-Making Contest to January 5, 2018 and announcement will be made in the same month via the PCC Official Facebook Page. The… continue reading ››

PRESS RELEASE 2017-026 November 8, 2017   PCC bats for empowered consumers by allowing them to keep their mobile numbers when switching telcos   The Philippine Competition Commission (PCC) is pushing for the introduction of mobile number portability (MNP), giving consumers the power of choice when faced with poor service from their telecommunications provider. Allowing… continue reading ››

PRESS RELEASE 2017-025 October 13, 2017     PCC approves Qualcomm acquisition of Philippine electronics firm’s parent company   The Philippine Competition Commission (PCC) has approved Qualcomm River Holdings’ acquisition of shares in NXP Semiconductors.   Qualcomm River is a subsidiary of Qualcomm, Inc., a leading manufacturer of chipsets and other equipment used in gadgets. After… continue reading ››

PRESS RELEASE 2017-023 September 26, 2017     PCC approves GBPC’s acquisition of shares in Alsons Thermal Energy Corp   The Philippine Competition Commission (PCC) has approved the acquisition by Global Business Power Corporation (GBPC) of shares in Alsons Thermal Energy Corporation. GBPC, a leading power generation company operating in the Visayas region and Mindoro Island,… continue reading ››

PRESS RELEASE 2017-022 August 30, 2017   PCC clears Jack Ma’s Alipay acquisition of Globe Fintech   The Philippine Competition Commission (PCC) approved Alipay Singapore Holding Pte.’s acquisition of Globe Fintech Innovations Inc. on August 23, 2017, after reaching a Phase 2 review that looked into digital financial services affecting the Philippine market. Under the… continue reading ››

PRESS RELEASE 2017-021 29 August 2017    PCC approves JTI-Mighty Corp, Rockwell-Mitsui deals   The Philippine Competition Commission (PCC) has approved the acquisition by Japan Tobacco (Philippines) Inc. (JTPI) of Mighty Corporation as well as the joint venture by Rockwell Land Corporation and Mitsui Fudosan (Asia) Pte. Ltd. on August 29. PCC found both transactions… continue reading ››

PRESS RELEASE 2017-020 08 August 2017 Beyond 8/8: Competition law’s transitory period ends today   Businesses in the country stand to gain from a more level playing field as the Philippine Competition Act (PCA) takes full effect tomorrow, August 9, 2017. The Philippine Competition Commission (PCC), the government agency tasked to stop anti-competitive behavior and… continue reading ››