PRESS RELEASE 16 September 2022 Negotiations for ASEAN Framework Agreement on Competition launched SIEM REAP– The 54th ASEAN Economic Ministers (AEM) Meeting launched the Negotiations for the ASEAN Framework Agreement on Competition (AFAC), which is to serve as a formal cooperation agreement that would facilitate cross-border cooperation and coordination on competition policy and law (CPL)… continue reading ››
PRESS RELEASE 16 September 2022 For Immediate Release PCC provisionally sets thresholds for mandatory M&A notification: P6.1B for Size of Party, P2.5B for Size of Transaction The Philippine Competition Commission (PCC) will begin implementing the thresholds provisionally set for compulsory notification of mergers and acquisitions on September 16, 2022. If mergers and acquisitions meet… continue reading ››
PRESS RELEASE via the ASEAN Experts Group on Competition (AEGC) 29 August 2022 ASEAN Competition Group releases CapBuild Roadmap 2021-2025 JAKARTA–Following the launch of the inaugural ASEAN Capacity Building Roadmap (ACBR) in 2017, the ASEAN Experts Group on Competition (AEGC) has issued an updated ACBR which provides a schedule of proposed capacity building measures which, when… continue reading ››
PRESS STATEMENT PCC looks into Dito complaints vs Globe Telecom and Smart Communications 26 August 2022 The Philippine Competition Commission (PCC) found reasonable grounds to open a preliminary inquiry into the complaints filed by Dito Telecommunity against Globe Telecom and Smart Communications. The PCC Enforcement Office (CEO) will look into the allegations in the complaints for possible… continue reading ››
PRESS RELEASE 17 August 2022 PCC strengthens enforcement capacity with NBI partnership, digital forensics lab The Philippine Competition Commission (PCC) strengthens its enforcement capacity through a partnership with the National Bureau of Investigation (NBI) and a project to develop its digital forensics capabilities. In a ceremony today, the PCC and NBI inked a Memorandum of Agreement (MOA) led by PCC Officer-in-Charge… continue reading ››
PRESS STATEMENT Re: TV5-ABSCBN and Cignal-SkyCable Transactions 11 August 2022 To date, the Philippine Competition Commission (PCC) has not been consulted and has not received any notification from MediaQuest Holdings and ABS-CBN Corp. on the “investment agreement” between TV5 and ABS-CBN, and the reported “sale and purchase agreement” between Cignal Cable Corp. and Sky Cable Corp. The… continue reading ››
PRESS STATEMENT Re: Dito complaint vs Globe Telecom and Smart Communications 8 August 2022 The Philippine Competition Commission (PCC) has received today two separate complaints filed by Dito Telecommunity against Globe Telecom and Smart Communications for possible anti-competitive practice in their interconnection agreements. Interconnection is an essential component of the telecommunications industry as it allows interoperability… continue reading ››
PRESS STATEMENT Re: TV5 and ABS-CBN Joint Venture 5 August 2022 The Philippine Competition Commission (PCC) trusts that firms undertaking sizeable mergers or acquisitions conduct due diligence to ensure compliance with our antitrust law and engage in consultation with the Commission, where necessary. This includes M&A or joint venture transactions with considerable share in the markets… continue reading ››
PRESS STATEMENT Re: PCC’s resolve to strengthen enforcement in the pharmaceutical sector 26 July 2022 The Philippine Competition Commission (PCC) shares the vision of the President underscored in his first State of the Nation Address (SONA) for more accessible and lower priced medicines for Filipinos by ensuring fair competition in the pharmaceutical market. The Philippines… continue reading ››
PRESS RELEASE 6 July 2022 PCC welcomes Commissioner Bernabe as OIC Chairperson The Philippine Competition Commission (PCC) welcomes Johannes Benjamin R. Bernabe as Officer-in-Charge, Office of the Chairperson to lead the antitrust authority of the country on the advent of the new administration. Bernabe takes the reins at the PCC as former Chairperson Arsenio… continue reading ››