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 ››
Public Advisory: Temporary Office Work Suspension from 03 to 14 August 2020
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 ››
Executive Summary: Statement of Objections by Competition Enforcement Office vs. Beneficial Life Insurance Company, et al. 04 February 2020 [PCC Case No. E-2019-008]