philippines - Competition Law & Anti-Trust - News

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

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

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MAS scores, sets Benchmark for Others

The Monetary Authority of Singapore's (MAS) enforcement report has revealed how it polices the financial markets under its charge, and is a welcome indicator of the greater openness the market has long sought, as the report mainly focused on market abuse, financial services misconduct, and money laundering-related control breaches.

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PRRD terminates Appointment of GRP Panel Members

MANILA, Mar 20 (PNA) - Malacañang on Wednesday confirmed the termination of the appointments of government peace negotiators with communist rebels "in view of the termination of the peace negotiations" with the Communist Party of the Philippines-New People's Army-National Democratic Front (CPP-NPA-NDF).

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Malanjum keeping Mum about his Successor

KUALA LUMPUR, Mar 20 (Bernama) - Chief Justice Tan Sri Richard Malanjum, who is due for compulsory retirement in April only smiled broadly and chose to remain secretive when asked about his successor.

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MP Noh Omar expelled from Dewan Rakyat for Three Days

KUALA LUMPUR, Mar 19 (Bernama) - Tanjung Karang MP Tan Sri Noh Omar has been expelled from the Dewan Rakyat for three days from today.

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ICC Prosecutors to be deported if they Probe Drug War

MANILA, Mar 18 (PNA) - Prosecutors of the International Criminal Court (ICC), who will enter the Philippines to investigate the Duterte administration’s war on drugs, may be deported, Malacañang said on Monday.

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Selangor wants tougher Environmental Laws

SHAH ALAM, Mar 17 (Bernama) - The Selangor government wants to enforce more stringent laws to address issues related to environmental pollution in the state, said Menteri Besar Amirudin Shari.

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Rosmah's Graft Case transferred to High Court

KUALA LUMPUR, Mar 15 (Bernama) - The High Court here today allowed the prosecution's application to transfer from the Sessions Court to the High Court the case involving two graft charges filed against Datin Seri Rosmah Mansor, who is the wife of former Prime Minister Datuk Seri Najib Tun Razak.

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IBP condemns Slay of another Lawyer in DavNor

MANILA, Mar 14 (PNA) - The Integrated Bar of the Philippines (IBP) on Thursday urged authorities to take action on the latest killing of a lawyer, Rex Jasper Lopoz, who was gunned down last March 13 in front of a shopping mall in Tagum City, Davao del Norte.

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IPOPHL brings IP-focused MCLE Program to Cebu

MANILA, Mar 14 (PNA) - The Intellectual Property Office of the Philippines (IPOPHL) will be mounting the 2019 edition of the Mandatory Continuing Legal Education (MCLE) this March in Cebu, to expand its education drive and reach out to IP practitioners in the Visayas.

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ASEAN aims at creating Future Digitally-Skilled Youths

Jakarta, Mar 14 (ANTARA) - Seven ASEAN member states, through the ASEAN Digital Innovation Programme initiated by the ASEAN Foundation in collaboration with Microsoft, aim to create digitally-skilled youths prepared to tackle challenges of the digital workspace in future.

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Tanintharyi Landholders sued under New Law

Local government officials and companies are already using the recently amended land law to remove villagers from disputed land, according to lawyers in southern Myanmar.

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SC to facilitate Greater Investor Inclusiveness

KUALA LUMPUR, March 14 (Bernama) - Opening local corporate bonds and sukuk to retail investors who meet the requirements set are among the steps taken by the Securities Commission Malaysia (SC) to promote investors inclusiveness in the local market.

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SC aims Further Expansion of Islamic Capital Market, says Chairman

KUALA LUMPUR, March 14 (Bernama) - The Securities Commission (SC), the regulatory body of the capital market, aim to foster growth that is premised on long-term value creation by intensifying efforts to further expand the Islamic capital market as well as the closely-linked sustainable finance segment.

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National E-Document Exchange Platform launched

Hanoi, Mar 12 (VNA) - The Government Office held a ceremony in Hanoi on March 12 to launch the National E-Document Exchange Platform, a move towards a digital government and economy.

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Cabinet approves 5Bn Baht Agro Subsidies

BANGKOK, Mar 13 (NNT) - The weekly Cabinet meeting has allocated another five billion baht to support rice agriculture during the current production year.

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CJ seeks to remove Parts of Hamid Sultan's Affidavit

KUALA LUMPUR, Mar 13 (Bernama) - Chief Justice Tan Sri Richard Malanjum today filed an application to remove parts of the supporting affidavit filed Court of Appeal Judge Datuk Dr Hamid Sultan Abu Backer in the lawsuit by the late Karpal Singh’s daughter, claiming that it was outrageous, insulting and an attack to the Judiciary.

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Up to PM to shortlist Candidates for CJ's Post - Liew

KUALA LUMPUR, Mar 12 (Bernama) - The Law Minister in the Prime Minister’s Department Datuk Liew Vui Keong today said that he has no information about the candidates shortlisted to be appointed as the new Chief Justice to replace Tan Sri Richard Malanjum who will retire from the post next month.

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Sabah helps Children without Documents through Legalization Program

KOTA KINABALU, Mar 12 (Bernama) - Children born in Sabah and categorised as foreigners even though one of their parents were local residents, will be given aid through a legalisation programme which will ensure a better future for them.

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