PRESS RELEASE 2018-014 2 October 2018 PCC approves joint venture between Rockwell Land and Carmelray Holdings for S. Luzon luxury residential dev’t project  The Philippine Competition Commission (PCC) has approved the joint venture between Rockwell Land Corporation, Carmelray Property Holdings, Inc., San Ramon Holdings, Inc. CVY Property Holdings, Inc., and other individual proprietors. The other investors… continue reading ››

PCC Inputs on the Third Telco Terms of Reference (based on 8 August 2018 draft)  Key Points: Definition of Related Party Prohibition on Mergers, Combinations or becoming a Related Party with a Dominant Telco Voluntary Return of Frequencies should it become a Related Party with a Dominant Telco Monitoring and Performance Evaluation through Information Sharing… continue reading ››

PRESS RELEASE 2018-012 10 August 2018   PCC binds Grab to service quality, price conditions for Uber takeover   The Philippine Competition Commission (PCC) subjected Grab’s acquisition of Uber in the Philippines to service quality and pricing standards in clearing the transaction. These conditions for clearance were part of the voluntary commitments signed by Grab… continue reading ››

PRESS RELEASE 2018-011 3 July 2018   PCC: Trans-Asia deal voided and fined; Chelsea-2Go transaction cleared   The Philippine Competition Commission (PCC) nullified the acquisition by Chelsea Logistics Holdings Corp. of Trans-Asia Shipping Lines Inc. and imposed a P22.8M fine for their failure to notify the antitrust commission about the transaction in December 2016. The… continue reading ››

PRESS RELEASE 2018-009 28 May 2018   PCC flags competition concerns in Grab-Uber transaction    The Philippine Competition Commission (PCC) has flagged competition concerns in the market amid Grab’s takeover of its main rival Uber, citing price increases and service deterioration in the merged ride-hailing app. In its Statement of Concerns (SOC) published today, the… continue reading ››