PRESS RELEASE 2018-003 19 February 2018   PCC rules on Udenna-KGLI transaction as 1st non-notification case    The Philippine Competition Commission (PCC) has fined Udenna Corporation and KGL Investment Cooperatief U.A. (KGLI Coop) the amount of P19.6 million, equivalent to 1% of the value of their merger transaction, which both companies failed to run by… continue reading ››

PRESS RELEASE 2017-027 December 22, 2017   PCC, BSP ink partnership; streamline consolidation rules The Philippine Competition Commission (PCC) inks a partnership with the Bangko Sentral ng Pilipinas (BSP) sealing a harmonized campaign to foster competition amid the changing landscape of the banking industry. The signing of the Memorandum of Agreement (MOA) on Friday, led… continue reading ››

Statement on the Opening of Phase 2 Review M-039/2017 Proposed Acquisition by Udenna Corporation of Shares in KGLI-NM Holdings, Inc.   On 10 November 2017, the Mergers and Acquisitions Office (the “MAO”) decided to move to a Phase 2 Review of the PROPOSED ACQUISITION BY UDENNA CORPORATION OF SHARES IN KGLI-NM HOLDINGS, INC. (the “Transaction”),… continue reading ››

DEADLINE IS EXTENDED to January 5, 2018!   CALL FOR ENTRIES: PCC VIDEO-MAKING CONTEST Due to numerous requests from students, the Philippine Competition Commission (PCC) will extend the deadline for entries in the Video-Making Contest to January 5, 2018 and announcement will be made in the same month via the PCC Official Facebook Page. The… continue reading ››

PRESS RELEASE 2017-026 November 8, 2017   PCC bats for empowered consumers by allowing them to keep their mobile numbers when switching telcos   The Philippine Competition Commission (PCC) is pushing for the introduction of mobile number portability (MNP), giving consumers the power of choice when faced with poor service from their telecommunications provider. Allowing… continue reading ››

PRESS RELEASE 2017-025 October 13, 2017     PCC approves Qualcomm acquisition of Philippine electronics firm’s parent company   The Philippine Competition Commission (PCC) has approved Qualcomm River Holdings’ acquisition of shares in NXP Semiconductors.   Qualcomm River is a subsidiary of Qualcomm, Inc., a leading manufacturer of chipsets and other equipment used in gadgets. After… continue reading ››