philippines - Competition Law & Anti-Trust - News

Grab to appeal Fines imposed for Uber Merger

MANILA, Oct 26 (PNA) - Grab Philippines will appeal the decision of the Philippine Competition Commission (PCC) which imposed a PHP12-million fine for allegedly violating the interim measures order imposed during the review of its acquisition of Uber’s operations, its lawyer said Friday.
Date: 26 October 2018; Type: Legal News; Source: Philippine News Agency

PCC imposes P16-M fine vs Uber, Grab on Merger Deal

MANILA, Oct 17 (PNA)  The Philippine Competition Commission (PCC) has imposed a PHP16-million fine against ride-sharing firms Grab Philippines and Uber for violating the interim measures it has imposed during the review period of their merger earlier this year.
Date: 17 October 2018; Type: Legal News; Source: Philippine News Agency

PCC gives Nod to Grab-Uber Deal

MANILA, Aug 10 (PNA) - The Philippine Competition Commission (PCC) Chairman Arsenio Balisacan announced Friday the antitrust body has given the green light to go ahead with the acquisition deal between transport network companies (TNCs) Grab and Uber.
Date: 10 August 2018; Type: Legal News; Source: Philippine News Agency

DTI urge PCC to review Foreign Shipping Charges

The Department of Trade and Industry is requesting the Philippine Competition Commission to look into excessive and unreasonable charges imposed by foreign shipping lines to importers and exporters, amid the growing concerns of business community about these surcharges which continue to undermine the competitiveness of local industries.
Date: 26 July 2018; Type: Industry Updates; Source: Department of Trade and Industry

Duterte warns Rice hoarders, Cartels

MANILA, July 24 (PNA) - President Rodrigo R. Duterte on Monday issued a stern warning against rice traders engaged in hoarding and cartel operations, who are being blamed for the artificial rice shortage that leads to high rice prices.
Date: 24 July 2018; Type: Industry Updates; Source: Philippine News Agency

CA affirms ERC Jurisdiction over Energy Sector Competition Cases

MANILA, July 1 (PNA) - The Court of Appeals (CA) affirmed that the Energy Regulatory Commission (ERC) has the power to resolve cases of anti-competitive behavior and other unfair trade practices in the energy sector.
Date: 01 July 2018; Type: Legal News; Source: Philippine News Agency

PCC to draft List of Fair Competition Violators

MANILA, June 20 (PNA) - The Philippine Competition Commission (PCC) announced that it will soon generate a list of industries within the manufacturing sector that violate laws on fair competition.
Date: 20 June 2018; Type: Industry Updates; Source: Philippine News Agency

Independent Federal Competition Authority eyed in New Constitution

MANILA, May 8 (PNA) - A constitutionally mandated federal competition authority with national powers is being eyed in the new Constitution being drafted by the Consultative Committee (ConCom) tasked by President Rodrigo R. Duterte to review the 1987 Constitution. ConCom member Arthur Aguilar, chairperson of the subcommittee on economic reforms ...
Date: 08 May 2018; Type: Legal News; Source: Philippine News Agency

Ex-DA Secretary Alcala to face Trial for Graft over Garlic Cartel

The Office of the Ombudsman found probable cause to charge former Department of Agriculture (DA) Secretary Proceso Alcala and 23 others for violation of Section 3(e) of the Anti-Graft and Corrupt Practices Act (Republic Act No. 3019). Included in the indictment are Bureau of Plant Industry (BPI) Director Clarito Barron, BPI Division Chiefs Merle Pa ...
Date: 24 April 2018; Type: Industry Updates; Source: Office of the Ombudsman

Ombudsman to sue ex-DA Chief, 23 Others for Alleged Garlic Cartel

MANILA, Apr 24 (PNA) - Former Agricultural Secretary Proceso Alcala and 23 others will be facing graft charges before the Sandiganbayan after the Office of the Ombudsman has found probable cause to sue them for the alleged garlic cartel which controlled garlic importation and pushed garlic prices to the roof.
Date: 24 April 2018; Type: Industry Updates; Source: Philippine News Agency

PCC orders Uber, Grab to explain Shutdown of Uber Operations

MANILA, Apr 16 (PNA) - The Philippine Competition Commission (PCC) has ordered ridesharing companies Uber and Grab to explain why they failed to maintain their separate business operations which was stipulated in the interim measures.
Date: 16 April 2018; Type: Industry Updates; Source: Philippine News Agency

LTFRB wary on PCC Order allowing Uber to continue Ops

MANILA, Apr 8 (PNA) - The Land Transportation Franchising and Regulatory Board (LTFRB) has expressed concern that the order of the Philippine Competition Commission (PCC) for ride-sharing firms Uber and Grab to maintain their separate business operations beyond April 8 would adversely impact the safety and welfare of the riding public.
Date: 08 April 2018; Type: Industry Updates; Source: Philippine News Agency

Grab, Uber urged to be transparent about Merger

MANILA, Apr 2 (PNA) - The Philippine Competition Commission (PCC) said Monday that it is closely looking into the acquisition deal between Grab and Uber, adding that the antitrust body will ensure that the transaction will not harm the interest of the riding public.
Date: 02 April 2018; Type: Industry Updates; Source: Philippine News Agency

Ayala Land-Central Azucarera de Tarlac Asset Deal gets Nod

MANILA, Mar 8 (PNA) - The Philippine Competition Commission (PCC) has approved the transaction between Ayala Land, Inc. and Central Azucarera de Tarlac
Date: 08 March 2018; Type: Legal News; Source: Philippine News Agency

PCC okays Ningbo Joyson’s Buyout of Takata Assets

MANILA, Feb 28 (PNA) - The Merger and Acquisition Office (MAO) of the Philippine Competition Commission (PCC) has approved the buyout of Takata Corporation’s assets by Ningbo Joyson Electronics Corp.
Date: 28 February 2018; Type: Legal News; Source: Philippine News Agency

Anti-Trust Body okays SMC Global Power Deals

MANILA, Feb 26 (PNA) - The Philippine Competition Commission (PCC) sees no anti-competitive behavior in SMC Global Power Holdings, Inc.’s purchase of shares in Masin-AES Pte. Ltd., AES Transpower Pte. Ltd., and AES Philippines, Inc.
Date: 26 February 2018; Type: Legal News; Source: Philippine News Agency

EU ready to help PH in strengthening Enforcement of Competition Law

MANILA, Feb 21 (PNA) - The European Union (EU) is willing to help the Philippines in strengthening the enforcement of the Philippine Competition Act (PCA), EU Ambassador to the Philippines Franz Jessen said.
Date: 22 February 2018; Type: Legal News; Source: Philippine News Agency

Anti-Trust Body may ease Rules

MANILA, Feb 22 (PNA) - The Philippine Competition Commission (PCC) is eyeing to ease some of its rules, more particularly about the rules on forbearance.
Date: 22 February 2018; Type: Legal News; Source: Philippine News Agency

PCC urged to hike P1-B Notification Threshold

MANILA, Feb 21 (PNA) - The Philippine Competition Commission (PCC) has received requests to hike the current PHP1-billion notification threshold for merger and acquisition deals.
Date: 21 February 2018; Type: Legal News; Source: Philippine News Agency

PCC voids Udenna-KGLI Deal, fines Firms

MANILA, Feb 19 (PNA) - Udenna Corp. and KGL Investment Cooperatief (KGLI Coop) are facing twin penalties following the decision of the Philippine Competition Commission (PCC) on the transaction between the two companies.
Date: 19 February 2018; Type: Legal News; Source: Philippine News Agency

INDUSTRY UPDATES

House Panel to probe 'Budget Anomalies' in January

MANILA, Dec 13 (PNA) - The House of Representatives rules committee will start its investigation on the alleged “budget anomalies and questionable allocations” by the Department of Budget and Management (DBM) on January 3, Majority Leader Rolando Andaya Jr. announced on Thursday.

Read More

INDUSTRY UPDATES

ASEAN launches Safe Migration Campaign

Jakarta, Dec 12 (ANTARA News) - The Association of Southeast Asian Nations (ASEAN) has launched a safe migration campaign to increase public awareness of the advantages of employing migrant workers.

Read More

INDUSTRY UPDATES

Nation celebrates Universal Declaration of Human Rights

Government agencies and diplomatic and international organisation representatives gathered in Vientiane to mark the 70th anniversary of the Universal Declaration of Human Rights and its lasting impact, which was supported by the United Nations, European Union and Australia.

Read More

INDUSTRY UPDATES

SC welcomes Malaysia's Improved Ranking in Corporate Governance

KUALA LUMPUR, Dec 13 (Bernama) - The Securities Commission Malaysia (SC) is encouraged by the recognition of Malaysia's initiatives to improve corporate governance, which was a result of the collective effort by various stakeholders.

Read More

INDUSTRY UPDATES

MyCC to identify Anti-Competitive Elements in Eggs Market

KUALA LUMPUR, Dec 13 (Bernama) - The Malaysia Competition Commission (MyCC) is working closely with the Ministry of Domestic Trade and Consumer Affairs (MDTCA) to identify any anti-competitive elements that may occur in the domestic market for chicken eggs.

Read More

INDUSTRY UPDATES

MITI, MIDA, Intel hold IoT Forum to review Progress

KUALA LUMPUR, Dec 12 (Bernama) - The Ministry of International Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA) and Intel Malaysia conducted the Internet of Things (IoT) Malaysia Forum 2018 yesterday to review IoT’s progress since its introduction five years ago.

Read More

INDUSTRY UPDATES

Unions request Government to set Workers’ Minimum Wage

Unions have asked the government to set the minimum wage for the construction and service sectors and to solve the five other major problems facing them, a statement released on International Human Rights Day on Monday said.

Read More

INDUSTRY UPDATES

Dewan Rakyat adjourns, Reform Agenda implemented - Speaker

KUALA LUMPUR, Dec 11 (Bernama) - The reform agenda of the Parliament was implemented at the second meeting of the first term of the 14th Parliament which came to a close today after sitting for 30 days since Oct 15.

Read More

INDUSTRY UPDATES

Court proposes Mediation in Theresa Kok's Suit against Jamal

KUALA LUMPUR, Dec 11 (Bernama) - The High Court today proposed that Primary Industries Minister Teresa Kok who filed a libel suit against Datuk Seri Jamal Md Yunos over alleged misuse of Yayasan Warisan Anak Selangor (Yawas) funds, resolve the case via mediation.

Read More

INDUSTRY UPDATES

Vietnam, Laos boost Judicial Cooperation

Hanoi, Dec 10 (VNA) - Vietnamese Minister of Justice Le Thanh Long and his Lao counterpart Xaysi Santivong agreed to work closely together to launch a bilateral cooperation programme for 2019, during their talks in Hanoi on December 10.

Read More

INDUSTRY UPDATES

Nation marks Constitution Day

BANGKOK, 10th December 2018 (NNT) - Today marks National Constitution Day, observing the importance of the administrative document and celebrating its 20 incarnations throughout the democratic history of Thailand.

Read More

INDUSTRY UPDATES

Court has Final Say on Trillanes' Travel Abroad: DOJ

MANILA, Dec 10 (PNA) - Justice Secretary Menardo Guevarra on Monday said the Bureau of Immigration (BI) will not prevent Senator Antonio Trillanes IV from traveling abroad if no travel ban is handed down by the courts against him.

Read More

INDUSTRY UPDATES

Government concerned about Readiness of SMEs to adopt Industry 4.0

KUALA LUMPUR, Dec 10 (Bernama) - The Government is concerned about the readiness of local industries, particularly Small and Medium Enterprises (SMEs), to adopt Industry 4.0.

Read More

INDUSTRY UPDATES

Memorandum of Understanding between Bank Negara Malaysia and Dubai Financial Services Authority

On 28 November 2018, Bank Negara Malaysia (BNM) and Dubai Financial Services Authority (DFSA) had signed a Memorandum of Understanding (MoU) on supervisory cooperation for effective supervision of banking and insurance/ takaful/ reinsurance institutions operating in both countries.

Read More

INDUSTRY UPDATES

DFA holds first ever Gender and Development Assembly

MAKATI, Dec 6- As part of the Department of Foreign Affairs’ (DFA) programs to continually mainstreaming gender and development (GAD) policies in its programs and activities, it hosted the agency’s first ever Gender and Development (GAD) Assembly at the Makati Diamond Residences on 06 to 08 November 2018.

Read More

INDUSTRY UPDATES

Vietnam, Cambodia PMs attend Business Forum

Vietnam and Cambodia could make their two-way trade value at US$7-8 billion by 2020 as they have established sound cooperation across sectors and their governments have regularly taken measures to remove difficulties for businesses, Prime Minister Nguyen Xuan Phuc said.

Read More

INDUSTRY UPDATES

Cambodia, Laos set to boost Bilateral Trade

Cambodia and Laos have pledged to boost trade and investment across their border, while trade volume between the two countries last year was just over $27 million, according to the Cambodian Ministry of Commerce.

Read More

INDUSTRY UPDATES

Revenue Department says it does not collect Higher Tax from Online Merchants

BANGKOK, Dec 8 (NNT) - The Revenue Department has insisted that the Revenue Code Amendment Act draft is not intended to make online merchants pay more tax but to analyze the behavior of taxpayers.

Read More