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Grab needs 'big competitor' to temper dominance: antitrust chief

ABS-CBN News
Updated as of Jan 17 10:22 AM

A "monitor" will be established "soon" to check on the refund, Philippine Competition Commission Chairman Arsenio Balisacan said. Grab started crediting the P19 million in refunds to app users' digital wallets as it denied overcharging. Read more »

Gatchalian wants stiffer penalties for Grab PH for continuous violations

ABS-CBN News
Posted at Dec 28 05:17 PM

The senator said the Philippine Competition Commission (PCC) has penalized Grab four times for breaching price and service quality obligations within the year and that this was unacceptable, especially for commuters. Read more »

Mitsubishi-Filinvest joint venture secures antitrust body's approval

ABS-CBN News
Posted at Dec 19 01:54 PM

A Dec. 10 decision cleared the joint venture, Spectrum Alabang Properties Inc, to develop projects in Alabang and Muntinlupa as the deal was deemed unlikely to result in lessening of competition, the PCC said in a statement.    Read more »

Grab faces fresh P16 million fine over pricing, driver cancellations

ABS-CBN News
Updated as of Dec 18 06:55 PM

The total fines include P14.15 million over "extraordinary deviation on its pricing commitment" and P2 million for exceeding driver cancellations at 7.76 percent instead of 5 percent, the Philippine Competition Commission said in a statement. Read more »

Grab June-August fares under review for possible refund: competition body

ABS-CBN News
Updated as of Nov 28 09:01 AM

The Philippine Competition Commission earlier ordered Grab to refund P5 million in excess charges from February to March. The ongoing review covers June to August, said PCC Commissioner Johannes Bernabe. Read more »

Grab to return P5 million in excess charges through credits: PCC

ABS-CBN News
Updated as of Nov 19 07:26 PM

The PCC and an independent third party trustee will have access to Grab’s database to identify riders eligible for the refund, or those who used the ride-hailing service in 101 routes where Grab committed pricing violations, Commissioner Johannes Bernabe told DZMM. Credits can be used to pay for services within the app.   Read more »

PH Competition Commission to intensify crackdown on rice cartels

ABS-CBN News
Posted at Oct 24 12:08 AM

The Philippine Competition Commission gets some much-needed help from the budget department and the Supreme Court in its investigations. Read more »

Anti-trust watchdog resolves country's first 'abuse of dominance' case

ABS-CBN News
Posted at Oct 02 11:24 AM

The Philippine Competition Commission on Wednesday said it has resolved the country's first "abuse of dominance case" involving a sole internet provider deal by a housing developer. Read more »

Anti-trust body, agriculture dept partner for consumer protection in agri sector

ABS-CBN News
Posted at Oct 01 02:46 PM

The Philippine Competition Commission on Tuesday said it partnered with the Department of Agriculture to help address "unscrupulous" practices in the agri sector that could affect prices and output. Read more »

Anti-trust body approves joint venture for Pasay reclamation project

ABS-CBN News
Posted at Sep 30 03:47 PM

The PCC said this deal was its first merger review where a local government unit is involved as a party to a joint venture.  Read more »

Competition watchdog fines Huawei, Xiaomi supplier over late merger notification

ABS-CBN News
Posted at Sep 16 03:19 PM

Chinese manufacturer Wingtech Technology, Co. Ltd and Dutch semiconductor firm Nexperia Holding B.V, which it acquired, were fined P716,150, for the late notification of the deal. Read more »

Competition Commission to further probe San Miguel-Holcim acquisition deal

ABS-CBN News
Posted at Sep 07 05:24 PM

The Philippine Competition Commission (PCC) on Saturday said it would further review San Miguel Corporation's (SMC) acquisition of Holcim Philippines, saying the deal could lead to a "cartel-like coordination among cement firms" in several regions. Read more »

Jollibee's Coffee Bean takeover may need antitrust review: watchdog body

ABS-CBN News
Updated as of Aug 12 10:44 AM

The country's largest fastfood operator, however, has not submitted documents on the acquisition, PCC Chairman Arsenio Balisacan told ANC's Market Edge. Read more »

PH antitrust body speeds up review process for qualified deals

ABS-CBN News
Posted at Jun 21 10:40 PM

One of the Philippines’ biggest property developers believes there's still a lot of room for consolidation in the local sector. Read more »

Antitrust body approves EastWest Bank's acquisition of PBCom's auto loan portfolio

ABS-CBN News
Posted at Jun 19 11:28 AM

The transaction, which involves a portion of PBCom's auto loan receivables limited to dealership-generated accounts, will not likely result in substantial lessening of competition in the autoloan market, the antitrust body said in a statement. Read more »

Antitrust body sets 15-day 'expedited' review for select deals

ABS-CBN News
Posted at Jun 18 03:25 PM

Under a May 28 resolution, the expedited review is applicable for transactions that are less likely to substantially prevent, lessen or restrict competition in their market, the PCC said in a statement.    Read more »

AC Health gets antitrust body's approval to raise stake in Generika

ABS-CBN News
Posted at Jun 04 11:10 AM

AC Health will proceed with the closing of the increase in stake to 52.5 percent from 50 percent after receiving the approval from the PCC last June 3, Ayala Corp said in a disclosure to the stock exchange.  Read more »

AC Health secures antitrust body's approval for Negros pharma buy

ABS-CBN News
Posted at May 27 02:44 PM

A May 23 decision found that sufficient number of players remain in the drugstore chain market in both regional and national scope even after the merger, the PCC said in a statement.  Read more »

PCC reminds San Miguel of notification requirement for Holcim deal

ABS-CBN News
Posted at May 24 02:27 PM

As of Friday, May 24, SMC have not issued a notification for a mandatory merger review, the Philippine Competition Commission (PCC) said in a statement. Read more »

PH economy hampered by monopolies, lack of competition: World Bank

ABS-CBN News
Updated as of Mar 04 06:38 PM

Among the sectors that need to see more competition are electricity, telecommunications, and transport.  Read more »