PRESS RELEASE 2017-022 August 30, 2017   PCC clears Jack Ma’s Alipay acquisition of Globe Fintech   The Philippine Competition Commission (PCC) approved Alipay Singapore Holding Pte.’s acquisition of Globe Fintech Innovations Inc. on August 23, 2017, after reaching a Phase 2 review that looked into digital financial services affecting the Philippine market. Under the… continue reading ››

PRESS RELEASE 2017-021 29 August 2017    PCC approves JTI-Mighty Corp, Rockwell-Mitsui deals   The Philippine Competition Commission (PCC) has approved the acquisition by Japan Tobacco (Philippines) Inc. (JTPI) of Mighty Corporation as well as the joint venture by Rockwell Land Corporation and Mitsui Fudosan (Asia) Pte. Ltd. on August 29. PCC found both transactions… continue reading ››

PRESS RELEASE 2017-020 08 August 2017 Beyond 8/8: Competition law’s transitory period ends today   Businesses in the country stand to gain from a more level playing field as the Philippine Competition Act (PCA) takes full effect tomorrow, August 9, 2017. The Philippine Competition Commission (PCC), the government agency tasked to stop anti-competitive behavior and… continue reading ››

Statement on the Opening of a Phase 2 Review M-005/2017 Proposed Acquisition by Alipay Singapore Holding Pte. Ltd. of Shares in Globe Fintech Innovations, Inc.   On 27 June 2017, the Mergers and Acquisitions Office [the “MAO”] decided to move to a Phase 2 review of the PROPOSED ACQUISITION BY ALIPAY SINGAPORE HOLDING PTE. LTD…. continue reading ››

  PRESS RELEASE 2017-017 June 16, 2017 PCC, Ombudsman set united front against bid-riggers, auction-fixers The Philippine Competition Commission (PCC) forges a partnership with the Office of the Ombudsman (OMB), building a solid campaign against bid-rigging, price fixing, and cartels in government procurements and projects. “A unified front in levelling the playing field, both in… continue reading ››

PRESS RELEASE 2017-014 May 19, 2017 PCC approves Sky Megaplaza Properties Inc.’s acquisition of assets from Supalai Philippines Inc. The Philippine Competition Commission (PCC) has approved the acquisition by Sky Megaplaza Properties Inc. of Supalai Philippines Inc.’s assets on May 18, 2017. Sky Megaplaza Properties Inc., a wholly owned subsidiary of Arch Capital-TRG Asian Partners… continue reading ››