Monday, 26 February 2018
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Competition Law

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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.

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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

Proposed Decision on Seven Tuition and Day Care Centres for Price Fixing Conduct

KUALA LUMPUR, Feb 8 - The Malaysia Competition Commission (MyCC) had issued a proposed decision against seven (7) tuition and day care centres for infringing section 4 of the Competition Act 2010 (CA 2010) by collectively agreeing to fix and standardise the fees charged for the tuition and day care services in the SS19 Subang Jaya area. The agreeme ...
Date: 08 February 2018; Type: Legal News; Source: Competition Commission

MyCC proposes Penalty on Seven Tuition and Day-Care Centres

KUALA LUMPUR, Feb 8 (Bernama) - The Malaysia Competition Commission (MyCC) has issued a proposed decision against seven tuition and day-care centres for wrongfully agreeing to fix and standardise the fees charged for tuition and day-care services in the SS19 area of Subang Jaya, Selangor.
Date: 08 February 2018; Type: Legal News; Source: Bernama

MyCC signs Corruption-Free Pledge

KUALA LUMPUR, Feb 5 (bernama) - The Malaysia Competition Commission (MyCC) signed the Corruption-Free Pledge (IBR), aimed at preventing its officers from involving in corruption and abuse of power.
Date: 05 February 2018; Type: Legal News; Source: Bernama

PCC okays SM Acquisition of Goldilocks

MANILA, Jan 9 (PNA) - Acquisition by SM Retail, Inc. of Goldilocks Bakeshop, Inc., the country’s largest bakeshop chain, can now proceed as the Philippine Competition Commission (PCC) accepted the commitments of the former to ensure competition in the cakes and pastries industry.
Date: 09 January 2018; Type: Legal News; Source: Philippine News Agency

Tribunal dismisses MyEG's Appeal against Anti-Competition Penalty

KUALA LUMPUR, Dec 29 (Bernama) - The Competition Appeal Tribunal (CAT) had dismissed an appeal by My E.G. Services Berhad (MyEG) against the RM2.272 million fine imposed on the company by the Malaysia Competition Commission (MyCC) for abusing its dominant position in the provision and management of online renewal for foreign workers permit (PLKS).& ...
Date: 29 December 2017; Type: Legal News; Source: Bernama

BSP, PCC sign Pact to promote Fairer Competition among Banks

MANILA, Dec 22 (PNA) - Fair competition among banking industry players got a boost following the signing of a Memorandum of Agreement between the Bangko Sentral ng Pilipinas (BSP) and the Philippine Competition Commission (PCC) Friday.
Date: 22 December 2017; Type: Legal News; Source: Philippine News Agency

CCS consults on the proposed Acquisition by Jacobs Douwe Egberts Holdings Asia NL B V of Shares of OldTown Berhad

The Competition Commission of Singapore (“CCS”) is conducting a public consultation from 21 December 2017 to 5 January 2018 to invite feedback on the proposed acquisition by Jacobs Douwe Egberts Holdings Asia NL B.V. (“JDE Asia”) of the entire issued and outstanding share capital of OldTown Berhad (“OT”) (the &ld ...
Date: 21 December 2017; Type: Legal News; Source: Competition Commission

CCS consults on Proposed Changes to the Competition Act

The Competition Commission of Singapore (“CCS”) is seeking feedback on proposed changes to the Competition Act (Cap. 50B) (“the Act”). The Act strives to level the playing field amongst businesses, promote innovation and productivity, which in turn benefits the Singapore economy, businesses and consumers. The proposed change ...
Date: 21 December 2017; Type: Legal News; Source: Competition Commission

MyCC welcomes MyIPO as Member of Special Committee

KUALA LUMPUR, Dec 19 (Bernama) - Malaysia Competition Commission (MyCC) has welcomed the Intellectual Property Corporation of Malaysia (MyIPO) as the ninth member of its Special Committee on Competition.
Date: 19 December 2017; Type: Legal News; Source: Bernama

PHL Competition Commission talks about mainstreaming Competition Policy in Government at OECD

PARIS, Dec 12 - Philippine Competition Commission (PCC) Chairman Arsenio Balisacan was one of the speakers at the 16th Global Forum on Competition held at the OECD headquarters in Paris, France on December 07 to 08.
Date: 12 December 2017; Type: Legal News; Source: Department of Foreign Affairs

Anti-trust Body issues Guidelines on SM-Goldilocks Deal

MANILA, Dec 12 (PNA) - The Philippine Competition Commission (PCC) said it has issued a Statement of Concerns (SOC) to the parties involved in the planned acquisition of Goldilocks Bakeshop, Inc., the country's largest bakeshop chain, by Sy-led SM Investments Corp. (SMIC). In a media briefing Tuesday, PCC Commissioner Stella Luz Quimbo, said t ...
Date: 12 December 2017; Type: Legal News; Source: Philippine News Agency

Supervisory Commission to crack down on International Cartel Networks

Jakarta (ANTARA News) - Business Competition Supervisory Commission (KPPU) will be immediately in charge of cracking down on the international cartel networks, chairman of the commission Syarkawi Rauf said at a press con ...

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Proposed Decision on Seven Tuition and Day Care Centres for Price Fixing Conduct

KUALA LUMPUR, Feb 8 - The Malaysia Competition Commission (MyCC) had issued a proposed decision against seven (7) tuition and day care centres for infringing section 4 of the Competition Act 2010 (CA 2010) by collectivel ...

MyCC proposes Penalty on Seven Tuition and Day-Care Centres MyCC signs Corruption-Free Pledge Tribunal dismisses MyEG's Appeal against Anti-Competition Penalty more

Draft Bill against Real Estate Monopolies sent to Attorney General

A draft bill to prevent real estate monopolies and increase government tax revenue is being submitted to the Attorney General’s office, according to Deputy Planning and Finance Minister U Maung Maung Win.

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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.

Anti-Trust Body may ease Rules PCC urged to hike P1-B Notification Threshold PCC voids Udenna-KGLI Deal, fines Firms more

Industry Updates

DDG Pascua represents IPOPHL at HIPOC and WIPO High-Level Forum

Tokyo, Japan. Deputy Director General Teodoro C. Pascua presented the developments in the intellectual property system and the Intellectual Property Office of the Philippines (IPOPHL) in response to global trends. DDG Pascua represented Director General Josephine R. Santiago and the IPOPHL at the Heads of Intellectual Property Office Conference (HIPOC) and the World Intellectual Property Organization (WIPO) High-Level Forum 2018 held on February 19-23 in Tokyo, Japan. The HIPOC and the High Level Forum were co-organized by the World Intellectual Property Organization (WIPO) and the Japan Patent Office (JPO).

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Industry Updates

NLA approves 14 Administrative Court judges

BANGKOK, 23 February 2018 (NNT) - The National Legislative Assembly (NLA) approved the proposed nominees for 14 Administrative Court judges.

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Industry Updates

IBP creates Task Force to probe Attacks Vs Lawyers

MANILA, Feb 24 (PNA) - After the attack on the lawyer of a self-confessed drug lord and the recent ambush of lawyer in Quezon City, the Integrated Bar of the Philippines (IBP) has created a task force to investigate and prosecute those behind the killings of lawyers.

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Industry Updates

President nominates Warjiyo as Central Bank Governor

Jakarta (ANTARA News) - President Joko Widodo (Jokowi) has proposed Perry Warjiyo as the sole candidate of Bank Indonesia (BI/the central bank) governor for 2018-2023 period, a legislator said.

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Industry Updates

Cabinet reorganizes funding for Economic and Public Service Enhancement

BANGKOK, Feb 21 (NNT) - Thailand's Cabinet has resolved to increase the efficiency of public services by taking out a loan of 800 million baht while also approving over 5 billion baht to strengthen the domestic economy.

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Industry Updates

DTI updates MSMES on PH’s Free Trade Pact

TAGAYTAY CITY, Cavite, Feb 21 (PNA) - The Department of Trade and Industry (DTI) is boosting its Free Trade Arrangements (FTAs) with the Regional Comprehensive Economic Partnership (RCEPT) ASEAN plus 6, PH-EU (27 countries) and Asia Pacific (APEC’s 21 member economies).

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Industry Updates

Start-ups, SMEs Call for Greater Access to Loans by Foreign Banks

Start-ups and small and medium-sized enterprises (SMEs) are now calling for equal treatment of foreign and local banks as this will give them more options to borrow money for growth.

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Industry Updates

More Support for Firms to innovate and go International Companies

The government will provide more support to firms that buy solutions and for those that develop their own innovations or team up with partners, in the form of tax reliefs.

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Industry Updates

Ministry of Justice launches Mobile Campaign to promote Knowledge of Laws

AYUTTHAYA, Feb 20 (NNT) - The Ministry of Justice has launched a mobile campaign to educate people about laws and provide legal advice.

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Industry Updates

DCA is now known as CAAM

PUTRAJAYA, Feb 19 (Bernama) - The Department of Civil Aviation (DCA) has been transformed into the Civil Aviation Authority of Malaysia (CAAM) effective today in line with the government's commitment to spur the nation's aviation industry to greater heights.

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Industry Updates

PHL Embassy in Moscow issues Urgent Reminder: no Legal Status for Household Service Workers in Russia

MOSCOW, Feb 19 - In an advisory issued on February 13, the Philippine Embassy in Moscow reminded that “the category of household service worker is an occupation not open to Filipinos.” The Embassy issued the advisory after receiving queries from the public and media if Filipino household service workers could legally work in Russia.

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Industry Updates

Monetary Authority of Singapore and the Central Bank of Egypt Bolster FinTech Cooperation

Singapore, 14 February 2018 - The Monetary Authority of Singapore (MAS) and the Central Bank of Egypt (CBE) signed an agreement to strengthen FinTech cooperation between the two countries on 6 February 2018. The Cooperation Agreement was signed at Seamless North Africa 2018 (under the patronage of the CBE), a conference focused on Payments, FinTech and eCommerce.

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