philippines - Competition Law & Anti-Trust - News

PCC OKs East West purchase of PBCOM Auto Loan Portfolio

MANILA, Jun 19 (PNA) - The Philippine Competition Commission (PCC) approved the acquisition by East West Banking Corporation (East West) of the auto loan portfolio of Philippine Bank of Communications (PBCom).
Date: 19 June 2019; Type: Industry Updates; Source: Philippine News Agency

PCC expedites Review Process for selected mergers

MANILA, Jun 18 (PNA) - The Philippine Competition Commission (PCC) has expedited the review process for selected merger and acquisition transactions, in line with government’s efforts to ease the process of doing business in the country.
Date: 18 June 2019; Type: Legal News; Source: Philippines News Agency

PCC seeks Own Probe on Luzon Power Outages

MANILA, Apr 22 (PNA) - The Philippine Competition Commission (PCC) announced that it will investigate allegations of collusion or abuse of dominance among energy companies that led to the recent series of power outages in Luzon.
Date: 22 April 2019; Type: Industry Updates; Source: Philippine News Agency

PCC approves Ayala-PHINMA Energy Deal

MANILA, Apr 15 (PNA) - The Philippine Competition Commission (PCC) has approved the acquisition of the majority stake in PHINMA Energy by Ayala Corporation’s power branch, AC Energy.
Date: 15 April 2019; Type: Industry Updates; Source: Philippine News Agency

PCC raises Threshold for Merger Notifications

MANILA, Feb 21 (PNA) - The Philippine Competition Commission (PCC) has raised the threshold for mandatory notifications of mergers and acquisitions (M&A) to ensure that transactions will not substantially lessen competition in the market.
Date: 21 February 2019; Type: Legal News; Source: Philippine News Agency

PCC imposes P6.5-M Fine on Grab for Submitting Wrong Data

MANILA, Jan 25 (PNA) - The Philippine Competition Commission (PCC) slapped a PHP6.5-million fine on ridesharing firm Grab Philippines after it violated its voluntary commitments following the approval of its acquisition of Uber last year.
Date: 25 January 2019; Type: Legal News; Source: Philippine News Agency

PCC rejects URC Voluntary pledges on Sugar Mill Buyout

MANILA, Jan 25 (PNA) - The Philippine Competition Commission (PCC) announced on Friday that it has rejected the voluntary commitments offered by Universal Robina Corp. (URC) in its acquisition of Central Azucarera Don Pedro, Inc. (CADPI) in Batangas.
Date: 25 January 2019; Type: Legal News; Source: Philippines News Agency

PCC gets P2.6-T worth Merger, Acquisition Deals as of 2018

MANILA, Jan 3 (PNA) - The Philippine Competition Commission (PCC) reported Thursday that a total of PHP2.6 trillion worth of merger and acquisition (M&A) transactions were filed with the Commission as of end-2018.
Date: 03 January 2019; Type: Industry Updates; Source: Philippine News Agency

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

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SEC urges Public to scrutinize Firms before investing

MANILA, Jun 26 (PNA) - As it intensifies the crackdown on suspected investment scams, the Securities and Exchange Commission (SEC) has advised prospective investors to scrutinize first the legitimacy of a company before making their investment decisions.

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SC sets Ground Rules for Oral Arguments on Writ of Kalikasan

MANILA, Jun 25 (PNA) - The Supreme Court (SC) on Tuesday issued guidelines for the July 2 oral arguments on the writ of kalikasan suit filed by petitioners seeking assertive government action on the disputed Ayungin Shoal, Panganiban Reef, and Panatag Shoal.

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Police Chief bans Mass Rally outside Constitutional Court Building

Jakarta, Jun 25 (ANTARA) - Police has banned mass rallying outside the Constitutional Court (MK) building during the court's Consultative Meeting of Judges before it gives a ruling on the presidential election dispute, Indonesian Police Chief Gen. Tito Karnavian emphasized.

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Government plans to build New Shah Alam Court Complex - Liew

SHAH ALAM, Jun 24 (Bernama) - The government plans to build a new Court Complex in Shah Alam to replace the existing building, said Minister in the Prime Minister’s Department Datuk Liew Vui Keong.

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Niosh offers free needs Analyses for Sabah and Labuan Workplaces

KOTA KINABALU, Jun 24 (Bernama) - The National Institute of Occupational Safety and Health (NIOSH) stands ready to conduct free needs analyses of workplace safety for organisations in Sabah and the Federal Territory of Labuan, with the aim of identifying appropriate training required.

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Ministry launches Sexual Predation Awareness Campaign

PUTRAJAYA, Jun 24 (Bernama) - The Women, Family and Community Development Ministry today launched a sexual predation awareness campaign via digital medium Youtube.

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Ambushed fiscal named Mindoro judge

MANILA, Jun 21 (PNA) - A female prosecutor who was shot and wounded as she was entering her home in Oriental Mindoro last June 10 is among the newly-appointed judges, Justice Secretary Menardo Guevara announced on Friday.

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ASEAN Chamber of Commerce, UiTM ink MoU to collaborate in Various Areas

KUALA LUMPUR, Jun 22 (Bernama) - ASEAN Chamber of Commerce and Universiti Teknologi Mara (UiTM) have inked a memorandum of understanding (MoU) to pave the way for collaboration in various areas of entrepreneurship, including research.

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President Jokowi to attend 34th ASEAN Summit in Thailand

Jakarta, Jun 20 (ANTARA) - Indonesian President Joko Widodo will attend the 34th ASEAN Summit in Bangkok, Thailand, from June 22 to 23, 2019.

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PCC OKs East West purchase of PBCOM Auto Loan Portfolio

MANILA, Jun 19 (PNA) - The Philippine Competition Commission (PCC) approved the acquisition by East West Banking Corporation (East West) of the auto loan portfolio of Philippine Bank of Communications (PBCom).

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RI hopes for Progress in Timor Leste joining ASEAN

Jakarta, Jun 19 (ANTARA) - The Indonesian government has expressed its hopes that the ongoing evaluation of Timor Leste will result in its becoming a member of the Association of Southeast Asian Nations (ASEAN).

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MyCC to focus Efforts on Monitoring Cement Industry

KUALA LUMPUR, Jun 19 (Bernama) - The Malaysia Competition Commission (MyCC) says it will focus its efforts on consistently monitoring the cement industry in order to complement the government’s initiative in protecting the welfare of consumers.

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Amended Code did not affect Conflict of Interest - Witness

KUALA LUMPUR, Jun 18 (Bernama) - The Code of Ethics for Administration Members and Members of Parliament was amended by the Cabinet in 2013 but did not affect the conflict of interest provision, according to a Cabinet former deputy secretary-general (Constitution and Communication).

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Court urges Johor PTG to meet Orang Asli to settle Compensation Issue

JOHOR BAHRU, Jun 18 (Bernama) - The High Court here today encouraged the state Land and Mines Office (PTG) to engage in discussions with the Seletar tribe Orang Asli of Kuala Masai with the aim of settling compensation due as a result of wrongful acquisition of their land in Stulang Laut.

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Ex-CJ speaks out against Lawyers' Tendency to seek Postponements

KUALA LUMPUR, Jun 16 (Bernama) - Former Chief Justice Tun Zaki Azmi has spoken out against the tendency by certain defence lawyers to seek postponements of cases being heard in court.

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New Competition Commission already under Fire

Myanmar’s professed commitment to competition reform has come under fire after the government packed the new Competition Commission with bureaucrats serving under a minister.

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NA Deputies give Opinions on Revised Labour Code

Hanoi, Jun 12 (VNA) - The revised Labour Code will the focus during the sitting of lawmakers on June 12 in the ongoing 7th session of the 14th National Assembly.

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Ability to pay Taxes Online a Boon for Vietnam’s Import-Export Businesses

Hanoi, Jun 6 (VNS/VNA) - Around 99 percent of import and export tax payments in Ho Chi Minh City are made online, according to the customs department.

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