News

Antitrust body raises threshold for compulsory mergers, acquisition notification

ABS-CBN News
Posted at Feb 21 01:22 PM

In a Commission Resolution released Thursday, the PCC raised the threshold for the Size of Person (SoP) to P5.6 billion from P5 billion and for the Size of Transaction (SoT) to P2.2 billion from P2 billion. Read more »

Pabrika ng jelly drink 'nanggaya,' sinalakay

ABS-CBN News
Posted at Feb 20 10:13 PM

Ayon sa kompanyang nagreklamo, dati nilang kasosyo ang may-ari ng pabrika na gumagawa sa ginayang jelly drink. Read more »

BALIKAN: Day 1 ng NBA All-Star Weekend 2019

ABS-CBN News
Posted at Feb 16 08:58 PM

Nagpasiklab agad ang mga rising star o mga bagong-salang sa NBA sa unang araw ng NBA All-Star Weekend. Read more »

Blocked merger 'lost opportunity' for sugar industry in Southern Luzon: RHI

ABS-CBN News
Posted at Feb 15 01:05 PM

RHI said the merger would have stirred productivity for the "extremely under-utilized facilities" of both URC and CADPI. Read more »

NCAA 94: Altas continue reign; Junior Altas complete 5-peat

Mark Escarlote, ABS-CBN Sports
Updated as of Feb 08 06:45 PM

The University of Perpetual Help recovered from a rusty opening set and a fourth frame scare before finishing off College of St. Benilde, 23-25, 25-17, 25-17, 25-23, Friday in Game 2 of the Finals to retain the crown and complete a clean sweep of the NCAA Season 94 men’s volleyball competition at the FilOil Flying V Centre in San Juan. Read more »

EU antitrust watchdog derails merger of French, German train firms

Foo Yun Chee and John Revill, Reuters
Posted at Feb 06 09:28 PM

Siemens and Alstom's plan to create a European rail champion collapsed on Wednesday after EU regulators rejected the deal, prompting Germany and France to call for an overhaul of EU competition policy to better meet global challenges. Read more »

Grab to question antitrust body's 'maximum' fines

Gillan Ropero, ABS-CBN News
Updated as of Jan 26 03:43 AM

MANILA - Ride-hailing firm Grab on Friday said it will not pay the P6.5 million fine of the Philippine Competition Commission (PCC), and asked why it was fined "at the maximum" for "trivial items" and for failing to meet the antitrust body's deadlines. Read more »

Grab pinagmumulta ng P6.5M dahil kulang ang datos sa pasahe

ABS-CBN News
Posted at Jan 25 08:54 PM

Pinatawan ng multang P6.5 milyon ang ride-hailing company na Grab noong Enero 22 dahil mali raw at di kompleto ang datos nito tungkol sa pasahe.  Read more »

Antitrust monitor discusses Universal Robina, Chelsea reviews

ABS-CBN News
Posted at Jan 25 04:21 PM

Philippine Competition Commission Chairman Arsenio Balisacan explains its review of transactions involving Universal Robina Corp and Chelsea Logistics. Read more »

Pinoy street food stall in London wins P24-M investment

ABS-CBN News
Posted at Jan 25 03:55 PM

A London-based Filipino street food operator has bagged an investment worth £350,000 (around P24 million) in a British Broadcasting Corp. (BBC) reality show on emerging food businesses.  Read more »

Fil-Canadian couples win snow-sculpting awards in Alberta

ABS-CBN News
Posted at Jan 23 07:52 PM

A Filipino-Canadian team bested five other international competitors to win the "judges' pick" award at the First International Snow-Sculpting Competition in Alberta. Read more »

Pinoy wins int’l ice carving contest in France

Mary Anne Alcantara-Rivera, ABS-CBN News
Posted at Jan 23 10:32 AM

A Filipino from Paete, Laguna has carved a name for himself in the ice sculpting arena after bagging the jury’s prize in the 28th Edition of the International Ice Carving Competition in Valloire in France.  Read more »

WATCH: Karen Gallman showcases Filipiniana, long gown in Miss Intercontinental prelims

ABS-CBN News
Updated as of Jan 18 03:57 PM

Here's Karen Gallman showcasing a striking red terno and competing in the long gown competition of the Miss Intercontinental pageant.  Read more »

Antitrust body seeks whistleblowers in fight vs cartels

Jacque Manabat, ABS-CBN News
Posted at Jan 17 03:50 PM

Those who will provide information on price-fixing, bid-rigging and output restriction will be offered immunity or reduced fines, said Competition Enforcement Office director Orlando Polinar.  Read more »

Chelsea submits Trans-Asia acquisition conditions to PCC

ABS-CBN News
Posted at Jan 16 10:12 AM

Among the conditions are price monitoring on passenger and cargo rates, the submission of semi-annual reports on all trips and services, and maintenance of service quality, the PCC said.  Read more »

Antitrust body boosts efforts this year, adds more industries to 'priority list'

ABS-CBN News
Updated as of Jan 03 09:47 PM

MANILA – The Philippine Competition Commission (PCC) on Thursday said it would add more priority sectors in its review portfolio starting with those that have a “potentially large impact” on consumers.  Read more »

Mga fire truck sa Region 3, binihisan para sa Pasko

ABS-CBN News
Posted at Dec 25 12:32 AM

Nagbihis-Pasko ang mga fire truck sa Region 3 para sa first fire truck float competition ng Bureau of Fire Protection. Read more »

Pinay wins 'X Factor Romania' after performing Beyoncé hits

ABS-CBN News
Updated as of Dec 24 05:35 PM

Emotions ran high for Bella Santiago, who was named the winner of this year's 'The X Factor Romania.' Read more »

WATCH: The story behind Catriona’s ‘Adarna’ gown, original sunray earrings in Miss Universe prelims

ABS-CBN News
Posted at Dec 14 07:28 PM

Every single detail of Catriona Gray’s evening gown look for the Miss Universe preliminary competition was meticulously designed to truly represent the Philippines, from the mythical theme of the dress to the earrings which she designed herself. Read more »

UNCUT: Catriona Gray does ‘slow-mo twirl’ again, this time in tight dress

ABS-CBN News
Updated as of Dec 14 07:46 PM

Even Catriona Gray was surprised with how impactful her “slow-mo twirl” turned out to be on the Miss Universe stage during the preliminary competition on Thursday. Read more »