News

Antitrust watchdog slaps multi-million peso fines on Grab, Uber

ABS-CBN News
Posted at Oct 17 03:23 PM

The Philippine Competition Commission has slapped a P12-million fine on ride-hailing platform Grab and another P4-million fine on its former rival Uber for violating the anti-trust watchdog's orders regarding their merger. Read more »

SYNNEX acquisition of Convergys approved by competition watchdog

ABS-CBN News
Posted at Oct 08 06:02 PM

MANILA - SYNNEX Corp's acquisition of Convergys Corp has been approved by the Philippine Competition Commission (PCC), the agency said Monday.  Read more »

Anti-trust body says reviewing URC acquisition of Batangas sugar mill

ABS-CBN News
Posted at Aug 27 07:10 PM

The Philippines' antitrust watchdog said on Monday that it is still studying Universal Robina Corp's planned acquisition of a sugar milling company located in Batangas.  Read more »

Antitrust body OKs Robinsons Retail's acquisition of Rustan Supercenter shares

ABS-CBN News
Posted at Aug 17 03:13 PM

The Philippine Competition Commission on Friday approved the acquisition by Robinsons Retail Holdings Inc of shares of Rustan Supercenters Inc.   Read more »

Pagbili ng Grab sa Uber, pinayagan na ng PCC

ABS-CBN News
Posted at Aug 11 02:17 AM

Pinayagan na ng Philippine Competition Commission ang pagbili ng Grab sa Uber. Read more »

Grab applauds anti-trust body for approving Uber deal

ABS-CBN News
Posted at Aug 10 07:18 PM

Ride-hailing firm Grab on Friday thanked the Philippines' anti-trust body for approving Grab's acquisition of the Southeast Asia operations of rival Uber and "recognizing the legality" of the deal.   Read more »

Grab-Uber gets antitrust watchdog's approval with conditions

ABS-CBN News
Updated as of Aug 10 03:22 PM

The Philippine Competition Commission on Friday allowed the Grab and Uber merger effective immediately under conditions of better service, justifiable fare surges and lower cancellation rates. Read more »

Grab 'close to finalizing' commitments with antitrust body

ABS-CBN News
Posted at Aug 01 12:27 PM

Negotiations with the Philippine Competition Commission are ongoing, according to Grab, which acquired Uber's Southeast Asia operations. Read more »

Antitrust body can 'break up' monopolies, cartels under draft constitution

ABS-CBN News
Posted at Jul 05 11:36 AM

The draft federal constitution aims to "liberalize the economy" and "make sure that no single businessman or family can again control an industry," said consultative committee spokesman Ding Generoso. Read more »

'Price-fixing whistleblowers may be granted immunity'

Vivienne Gulla, ABS-CBN News
Posted at Jun 09 01:22 AM

Whistleblowers who will report price-fixing, cartels, bid rigging and other anti-competitive behavior may be granted immunity or reduced penalties under the Philippine Competition Commission’s (PCC) leniency program. Read more »

PH antitrust body 'doing a good job,' European trade group says

ABS-CBN News
Posted at Jun 06 05:52 PM

The Philippine Competition Commission is "doing a good job" at breaking monopolies the country, the head of a European trade group said on Wednesday. Read more »

Grab, dinepensahan ang P80 minimum fare

ABS-CBN News
Posted at May 29 10:35 PM

Dinepensahan ng Grab Philippines nitong Martes ang kanilang ipinatutupad na P80 minimum fare matapos punahin ng isang kongresista.   Read more »

Antitrust body OKs key deal in Dennis Uy's bid to takeover 2GO

ABS-CBN News
Posted at May 07 07:31 PM

The Philippine Competition Commission on Monday said it has cleared a key deal in Davao-based businessman Dennis Uy's push to secure a majority stake in shipping company 2GO.  Read more »

Entry of new ride-hailing firms won't readily level playing field: PCC

Michelle Ong, ABS-CBN News
Posted at Apr 27 07:45 PM

The accreditation of new transport network companies (TNCs) does not immediately even out the playing field, an official of the competition commission said on Friday. Read more »

PCC tells Grab and Uber to explain Uber's shut down

ABS-CBN News
Posted at Apr 16 05:14 PM

he Philippine Competition Commission (PCC) is giving Grab and Uber until Tuesday April 17 to explain why Uber was shut down despite the anti-trust watchdog's order for the platform to continue operations while its merger deal with Grab undergoes review. Read more »

Surge rate ng Grab, pinabababaan ng LTFRB

ABS-CBN News
Posted at Apr 12 12:14 AM

Mula sa dating "times two" o doble ng pasahe, iniatas ng LTFRB sa Grab na gawing "times 1.5" o isa't kalahati lang ang surge rates nito. Read more »

LTFRB tells Uber to 'cease and desist' operations on April 16

ABS-CBN News
Posted at Apr 11 09:13 PM

Transport regulators on Wednesday ordered Uber to "cease and desist" operations on April 16, despite another order from the country's competition watchdog for the ride-hailing firm to continue operating while its acquisition deal with Grab was under anti-trust review.  Read more »

Dating operasyon ng Uber, pinababalik ng PCC

ABS-CBN News
Posted at Apr 10 11:59 PM

Iginiit ng Philippine Competition Commission na dapat ay bumalik sa normal ang operasyon ng Uber habang pinag-aaralan ng kanilang komisyon ang pagsanib ng transport network company sa Grab.   Read more »

'Uber app, aktibo pa pero limitado na ang serbisyo'

ABS-CBN News
Posted at Apr 09 08:03 PM

Nananatiling aktibo ang app ng Uber sa Pilipinas. Pero ayon sa Grab at LTFRB, limitado na lang ang mga serbisyong kaya nitong ibigay. Read more »

PCC insists on jurisdiction over Grab-Uber deal as LTFRB casts doubts

ABS-CBN News
Posted at Apr 09 06:15 PM

The country’s anti-trust watchdog on Monday maintained it has jurisdiction over the Grab-Uber deal as transport regulators continued to cast doubt over whether Uber can be compelled to continue its operations in the Philippines.  Read more »