PRESS RELEASE 2020-013 05 October 2020   PCC issues rules on merger reviews under Bayanihan 2 The Philippine Competition Commission (PCC) has issued rules to implement Section 4 (eee)1 of the Bayanihan to Recover As One Act (Bayanihan 2) relating to the review of mergers and acquisitions (M&As). Published and effective today, the rules detail the exemptions… continue reading ››

PRESS RELEASE  012-2020 15 September 2020     PCC welcomes SC ruling for leveling playing field between local, foreign contractors    The Philippine Competition Commission (PCC) welcomes the Supreme Court’s (SC) ruling declaring certain anti-competitive regulations1 implementing the Contractors’ License Law unconstitutional, paving a level playing field for local and foreign firms to undertake construction activities in the… continue reading ››

PRESS RELEASE 011-2020 17 July 2020   PCC resumes merger review during GCQ, MGCQ   The Philippine Competition Commission (PCC) has issued guidelines in resuming its regular merger review operations beginning 16 July 2020 amid the general community quarantine (GCQ) and in anticipation of the modified general community quarantine (MGCQ). In its Commission Resolution No…. continue reading ››

PRESS RELEASE 010-2020 27 June 2020   PCC streamlines procedure for review of unsolicited PPP projects The Philippine Competition Commission (PCC) has released yesterday the streamlined procedure in reviewing joint ventures formed for unsolicited Public-Private Partnership (PPP) projects. In PCC Memorandum Circular No. 20-002, the PCC provided guidelines in exempting from compulsory merger notification unsolicited PPP projects… continue reading ››

PRESS RELEASE 009-2020 26 June 2020   PCC issues rules exempting public-private JVs from compulsory merger notification   The Philippine Competition Commission (PCC) has issued a circular exempting from compulsory merger notification joint venture (JV) projects between government agencies and private entities pursued under the framework of the National Economic and Development Authority (NEDA) JV… continue reading ››

PRESS RELEASE 007-2020 14 May 2020   PCC receives withdrawal notice on SMC-Holcim transaction   The Philippine Competition Commission (PCC) received notice from Top Frontier Investment Holdings, Inc. (Top Frontier) and Holcim Philippines, Inc. (HPI) on 13 May 2020, formally withdrawing their merger notification from the antitrust commission. Under PCC’s rules, merger parties are required to… continue reading ››

  PRESS RELEASE 2020-006 6 March 2020 PCC welcomes LEB’s Aquende as new Commissioner   The Philippines Competition Commission (PCC) completes its roster of Commissioners with the appointment of Atty. Emerson B. Aquende, former Chairman of the Legal Education Board (LEB). Atty. Aquende took his oath as the new PCC Commissioner before President Rodrigo R…. continue reading ››

PRESS RELEASE 2020-005 17 February 2020    PCC: Merger review thresholds raised to P6B, P2.4B beginning March 1   The Philippine Competition Commission (PCC) has adjusted the thresholds for compulsory notification of mergers and acquisitions (M&As) to take effect beginning March 1, 2020. In a Commission Resolution issued on February 11, PCC raised the thresholds from… continue reading ››