PRESS RELEASE 14 April 2022 Joint Statement on Maintaining Competition Policy in Post-Pandemic Economic Recovery The ASEAN Heads of Competition Agencies (AHCA) issued a Joint Statement on Maintaining Competition Policy in Post-Pandemic Economic Recovery to support ASEAN’s post-pandemic recovery efforts as guided by the ASEAN Comprehensive Recovery Framework (ACRF). The Joint Statement underlined the… continue reading ››
PRESS RELEASE 08 April 2022 PCC approves UnionBank’s acquisition of Citi PH consumer banking assets The Philippine Competition Commission (PCC) has approved the proposed acquisition by Union Bank of the Philippines (UnionBank) of Citibank, N.A. Philippine Branch (Citibank PH), Citicorp Financial Services & Insurance Brokerage Philippines, Inc. (Citicorp), and Citibank Square Building (Citi Square)…. continue reading ››
Commission Decision No. 03-M-001/2022: Proposed Acquisition by UnionBank of the Philippines of Assets of Citibank N.A., Philippine Branch and Citi Square Building Corporation, and Shares in Citicorp Financial Services & Insurance Brokerage Philippines, Inc. ABSTRACT: The proposed transaction concerns the proposed acquisition by UnionBank of the Philippines, from various subsidiaries of Citigroup Inc., of… continue reading ››
08 April 2022 Re: Effectivity of the Public Service Act amendments PRESS STATEMENT The Philippine Competition Commission (PCC) welcomes the recent signing into law of the amendments to the Public Service Act (PSA), which is a game-changing economic measure that will enable the country to gain new investment and market opportunities and boost our chances to… continue reading ››
PRESS RELEASE 06 April 2022 PCC meets franchising group to underpin competition in industry The Philippine Competition Commission (PCC) is strengthening competition awareness in the growing franchising sector as it sees the industry gaining popularity in the country and fast becoming an important contributor to the Philippine economy. The PCC held a webinar… continue reading ››
DATA SCIENCE FOR COMPETITION ASSESSMENTS | The Philippine Competition Commission teams up with the Asia-Pacific Economic Cooperation to develop a data science toolkit designed for regulators focusing on digital market platforms. For the capacity-building initiative behind its launch, PCC Economics Director Dr. Benjamin E. Radoc and Executive Director Kenneth V. Tanate [middle] organized the workshop… continue reading ››
PRESS RELEASE 21 March 2022 PCC orders Grab to release ‘unclaimed’ P19.3M refund to users The Philippine Competition Commission (PCC) is ordering Grab Holdings, Inc. and MyTaxi.PH, Inc. (collectively Grab) to immediately release the remaining P19.3-million refund to eligible users after finding the ride-hailing app’s low disbursement of the refunds from previous fines. After… continue reading ››
PRESS RELEASE 11 March 2022 PCC welcomes Querol, Peloton as new Commissioners The Philippine Competition Commission (PCC) has completed its five-member Commission with the appointment of Atty. Marah Victoria S. Querol and Atty. Michael B. Peloton as new Commissioners at the beginning of the month. Querol and Peloton took the places of Commissioners Macario… continue reading ››
PRESS RELEASE 03 March 2022 PCC strengthens enforcement vs internet exclusivity concerns The Philippine Competition Commission (PCC) has taken several property developers to task for their exclusive dealings with internet operators through the issuance of Enforcement Advisory Letters (EALs), marking the agency’s proactive stance in addressing the persistent concern among properties. The PCC… continue reading ››
PRESS RELEASE 02 March 2022 PCC guides retailers association on pro-competition practice amid pandemic The Philippine Competition Commission (PCC) kicked off a webinar series for trade associations on competition law and policy last Wednesday, starting with the Philippine Retailers Association (PRA) to improve the sector’s understanding of the Philippine Competition Act. In the webinar,… continue reading ››