Philippine Competition Commission news and updates

Rappler's latest stories on Philippine Competition Commission

ARTICLE FINDER

Grab to ask PCC to reconsider P12-M fine

Oct 26, 2018 - 6:17 PM

The PCC is penalizing Grab for supposedly failing to keep its pre-Uber acquisition prices and quality of service, among other alleged violations of interim rules

Rappler file photo

Antitrust watchdog fines Grab P16 million over Uber deal

Oct 17, 2018 - 11:08 AM

(UPDATED) Philippine Competition Commission slaps Grab with a fine of P12 million and Uber with P4 million for causing 'undue difficulties' to the review of their deal

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Grab fares 'not necessarily lower' after Uber buyout approval

Aug 10, 2018 - 5:09 PM

In fact, Grab has a 5% fare hike petition pending with the Land Transportation Franchising and Regulatory Board

COMMITMENTS. Grab Philippines head Brian Cu said on August 10, 2018 that they will adhere to the imposed commitments of the Philippine Competition Commission on the Uber acquisition deal. Photo by Darren Langit/Rappler

Antitrust body OKs Grab-Uber deal, sets conditions

Aug 10, 2018 - 1:04 PM

Any breach of the fair pricing conditions and service quality commitments set by the Philippine Competition Commission will subject Grab to fines of up to P2 million per violation

Competition body eyes early review of PPP projects

Jul 20, 2018 - 5:29 PM

The Philippine Competition Commission will work with the Public-Private Partnership Center to flag anti-competitive schemes at the early stages of a bidding process

AGREEMENT. Public-Private Partnership Executive Director Ferdinand Pecson and Philippine Competition Commission Chairman Arsenio Balisacan sign a memorandum of agreement to work together on July 20, 2018. PCC Photo

New antitrust body under proposed constitution 'good for competition'

Jul 20, 2018 - 3:34 PM

Philippine Competition Commission Chairman Arsenio Balisacan says the Consultative Committee's proposed constitution creates a Federal Competition Commission, a constitutional body that has 'more teeth' than the PCC

SUPPORT. Philippine Competition Commission Chairman Arsenio Balisacan supports federalism. PCC Photo

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BRP SIERRA MADRE. This aerial photo  taken from a military aircraft shows the dilapidated Sierra Madre ship of the Philippine Navy anchored near Ayungin Shoal (Second Thomas Shoal) with Philippine soldiers onboard to secure the perimeter in the Spratly Islands, on May 11, 2015. File photo by Ritchie Tongo/AFP

Grab denies PCC findings of higher fares, 'deteriorating' service

May 30, 2018 - 7:30 PM

The Philippine Competition Commission also finds that newly accredited ride-hailing companies are unlikely to provide much of a challenge to Grab – at least not in the near future

grab application on phone. Photo by Rob Reyes/Rappler

PCC approves merger of Dennis Uy's Udenna with 2GO shareholder

May 07, 2018 - 6:00 PM

Udenna Corporation, holding firm of tycoon Dennis Uy, pays the Philippine Competition Commission P19.6 million as penalty for initially failing to notify the antitrust agency about the merger

COMPLIANCE. Back in August 2016, Dennis Uy's Udenna bought all of KGLI Investment Cooperatief UA's shares in KGLI-BV, which in turn owned 39.71% of KGLI-NM Holdings Incorporated. Photo was during a sit-down interview with Uy on July 12, 2017. Photo by LeAnne Jazul/Rappler

PCC to pursue review of Grab-Uber deal despite Uber closure

Apr 16, 2018 - 6:30 PM

The Philippine Competition Commission also gives Grab and Uber until Tuesday, April 17, to explain why they failed to continue operating the platform as previously ordered

Senators slam Grab's 'predatory pricing, overcharging'

Apr 16, 2018 - 2:55 PM

Senator Sherwin Gatchalian calls on the Land Transportation Franchising and Regulatory Board to require Grab to provide a breakdown of charges in its receipts

AFTERMATH. Discussion with the Philippine privacy watchdog comes after Uber sold its entire Southeast Asian business to rival Grab. Photo by Rob Reyes/Rappler

LTFRB lowers Grab surge pricing cap amid illegal fare allegation

Apr 11, 2018 - 4:51 PM

Effective immediately, the 1.5x surge pricing cap applies to all ride-hailing services offered by Grab

LOWER SURGE. Grab spokesperson Leo Gonzalez says the company will comply with the LTFRB ruling. Photo by Aika Rey/Rappler

LTFRB: Uber can only operate until April 15

Apr 11, 2018 - 4:30 PM

The Land Transportation Franchising and Regulatory Board says Uber should resolve its issues with the Philippine Competition Commission before closing down – 'the sooner, the better'

HEARING. LTFRB holds a special hearing on the renewal of Uber's accreditation on April 11, 2018. Photo by Aika Rey/Rappler

Lawmaker: Grab charges 'illegal' fares, owes customers refund

Apr 10, 2018 - 1:51 PM

PBA Representative Jericho Nograles alleges that Grab 'illegally' charges its customers P2 per minute of travel. Grab officials say the Land Transportation Franchising and Regulatory Board was informed about this.

ILLEGAL CHARGES? A lawmaker questions to fares charged by Grab Philippines.

Does PCC understand Grab-Uber deal? Grab says operations can't be 'separate'

Apr 09, 2018 - 5:39 PM

'They want us to be independent and that's a contradiction,' Grab Philippines Head Brian Cu says in a press briefing at the Uber office in Mandaluyong

DEAL. Grab Philipines holds a press briefing on April 9, 2018 on the Philippine Competition Commission order for Uber to continue operations . Photo by Aika Rey/Rappler

Better for Uber to stop operations on April 8 – LTFRB

Apr 07, 2018 - 9:07 PM

'Their apps might be up but is the back system in place? Is the full support in place?' LTFRB Board Member Aileen Lizada says following the Philippine Competition Commission order for Uber and Grab to continue separate operations pending a review of their deal

CLOSE DOWN. The LTFRB wants Uber to close down if they don't want enough manpower to deal with customer grievances. PHOTO FROM SHUTTERSTOCK

PCC releases interim measures pending review of Grab-Uber deal

Apr 07, 2018 - 2:54 PM

'This virtual monopolization of the market by Grab can harm the riding public,' says Philippine Competition Commission Chairman Arsenio Balisacan, as the country's antitrust body conducts an in-depth review of the deal

ORDER. PCC directs Uber Philippines to continue letting Filipinos availing of its ride-sharing services beyond April 8. File photo by Rob Reyes/Rappler

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PCC asks Uber, Grab to continue separate operations beyond April 8

Apr 05, 2018 - 4:35 PM

(UPDATED) But Uber Asia Pacific chief business officer Brooks Entwistle says the company no longer has the capital and people to continue its operations in the Philippines and 7 other markets

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President Rodrigo Roa Duterte delivers his speech during the ceremonial distribution of the Certificates of Land Ownership Award (CLOAs) to the Agrarian Reform Beneficiaries at the Sultan Kudarat Sports and Cultural Center in the Municipality of Isulan, Sultan Kudarat on April 2, 2018. ACE MORANDANTE/PRESIDENTIAL PHOTO

Uber drivers' transition to Grab pushes through amid PCC review

Apr 04, 2018 - 12:20 PM

Grab says it will 'prepare the necessary documents and share information required' by the Philippine Competition Commission

PH Competition Commission begins review of Grab-Uber merger

Apr 03, 2018 - 7:10 PM

This is after the Philippine Competition Commission's preliminary assessment shows that the transaction may hurt commuters and drivers

PCC warns Grab-Uber deal may have 'far-reaching impact' on commuters

Apr 02, 2018 - 5:10 PM

The Philippine Competition Commission notes that Uber's exit would lead to Grab monopolizing the ride-sharing market

Bring in Indonesia's Go-Jek to compete with Grab in PH – lawmaker

Mar 31, 2018 - 10:58 AM

Makati Representative Luis Campos Jr also says lawmakers are counting on the Philippine Competition Commission to go over the Uber-Grab deal

GO-JEK. Based in Jakarta, Go-Jek is the most popular ride-hailing and logistics services app in Indonesia. Photo from Shutterstock

As Uber gives up Philippine operations to Grab, what now for commuters?

Mar 26, 2018 - 7:50 PM

'Obviously, it is not good. From a duopoly, it becomes a monopoly,' warns an economist

TAKE OVER. Starting July 8, all Uber drivers will migrate to the Grab platform after a merger deal. Uber office in Mandaluyong City. Photo by Rob Reyes/Rappler

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PCC approves deal to build gov't admin center at New Clark City

Mar 20, 2018 - 9:55 PM

The proposed P121.8-billion National Government Administrative Center at New Clark City in Capas, Tarlac will house an extension office for the Philippine president, plus major administrative offices and satellite offices of agencies

PCC assisting DICT for easier entry of 3rd telco

Mar 07, 2018 - 8:40 PM

The Philippine Competition Commission is looking for faster ways to review joint venture companies interested in bidding for the 3rd telco slot

PH Competition Commission doubles threshold for review of mergers

Mar 05, 2018 - 6:00 PM

With inflation going up, the country's antitrust body adjusts the threshold for reviewing merger and acquisition (M&A) transactions to P2 billion, from P1 billion

THRESHOLD REVIEW. Arsenio Balisacan says PCC will continue to conduct regular monitoring of the M&A notifications and will revisit the threshold level periodically to make sure it is responsive to changes in the markets and the economy. Photo by Chrisee Dela Paz/Rappler

PCC approves San Miguel's $1.9-B Masinloc coal power plant acquisition

Feb 26, 2018 - 6:55 PM

The Philippine Competition Commission finds that the deal does not result in substantial lessening of competition in the power generation and retail electricity markets

PH Competition Commission approves land, energy joint ventures

Feb 22, 2018 - 4:20 PM

These joint ventures include Ayala Land's partnership with Royal Asia Land to develop a 936-hectare property in Cavite, as well as the plan of Markham and Alternergy for hydropower projects in Ifugao

PH Competition Commission eyes raising threshold for merger review

Feb 21, 2018 - 3:00 PM

The country's antitrust body is reviewing its existing P1-billion threshold, taking into account that inflation hit a 3-year high last January

THRESHOLD. Under Republic Act (RA) No. 10667 – also known as the Philippine Competition Act – the antitrust regulator should be notified for M&A deals with transaction values above P1 billion. Photo of Chairman Arsenio Balisacan from Philippine Competition Commission

Dennis Uy's Udenna to challenge PCC decision or file notification

Feb 19, 2018 - 6:10 PM

Udenna is weighing two options – challenge the PCC decision by filing a motion for reconsideration or a court petition, or fulfill the PCC requirement to file a notification of its acquisition

HURDLE. The holding firm of tycoon Dennis Uy is facing an obstacle on its acquisition of a Dutch firm that indirectly holds interest in 2GO. Photo is from Rappler's sit down interview with Dennis Uy on July 12, 2017. Photo by LeAnne Jazul/Rappler

PCC voids merger of Dennis Uy's Udenna with 2GO shareholder

Feb 19, 2018 - 3:09 PM

The holding company of Dennis Uy is also being penalized over P19 million for its alleged failure to notify the Philippine Competition Commission of its merger with a Dutch company, which indirectly holds shares in 2GO's parent firm

FINED AND NULLIFIED. Udenna is being penalized for allegedly violating the notification rule under the Philippine Competition Act. Sit down interview with Udenna Corporation's Dennis Uy on July 12, 2017. Photo by LeAnne Jazul/Rappler

[OPINION] Are PCC, NTC fit to handle 3rd telco player?

Feb 08, 2018 - 10:00 AM

The PCC will have to address the competition issues confronting the 3rd telco player, while the NTC will have to ensure that the new entrant will meet the required regulatory and corporate issues before it could penetrate the market and go full blast in its operations

SM scraps Goldilocks acquisition deal

Feb 01, 2018 - 12:00 PM

(UPDATED) SM and Goldilocks back out from the deal due to 'changes in the general business environment'

ABANDONED. The country's largest mall developer decided not to acquire shares in Goldilocks Bakeshop. Photo from Wikimedia Commons

Bank for OFWs could open in February 2018

Dec 22, 2017 - 8:00 PM

The establishment of the bank is now being reviewed after the Bangko Sentral ng Pilipinas approved Landbank's acquisition of Postbank

GO SIGNAL. BSP approves Landbank's acquisition of the Philippine Postal Savings Bank which will be turned into a bank for OFWs. Photo by Rappler

'Sobering,' PCC says of drop in PH ease of doing business ranking

Nov 02, 2017 - 6:31 PM

The Philippine Competition Commission calls the drop in the country's ranking a ‘sobering account of our performance in attracting new investors and putting up new businesses in the country’

PCC to work with TransCo if telco joint venture proceeds

Oct 31, 2017 - 5:05 PM

The Philippine Competition Commission says it is ready to offer guidance if the National Transmission Corporation partners with a private firm to enter the telecommunications industry

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PH internet 'no good'? Telcos, PCC react to Jack Ma

Oct 26, 2017 - 8:55 PM

PLDT and Globe say they're working to improve services, while the Philippine Competition Commission describes Jack Ma's disappointing experience as a 'wake-up call' for the telcos

Competition policy enforcement in the digital age

Sep 30, 2017 - 11:26 AM

The decisions to be made by the Philippine Competition Commission in coming months, as it fully implements the Philippine Competition Act, will set the tone for competition regulation in Philippine markets

PSE withdraws PCC notification on PDS merger, to refile soon

Sep 13, 2017 - 6:08 PM

Once it completes information needed PCC says PSE intends to refile its PDS merger notification as soon as possible

MERGER SETBACK. The long-planned merger between the country's securities and bond markets is a priority for PSE president and chief executive officer Ramon Monzon. File photo

SM wants to buy into Goldilocks

Aug 29, 2017 - 1:40 PM

The conglomerate of Henry Sy Sr the country s richest man is in preliminary talks with Goldilocks the country s largest bakeshop chain for a potential investment

NEW PROSPECT. The country's largest mall developer plans to acquire shares in Goldilocks Bakeshop. Photo from Wikipedia commons

Probe on alleged resurgence of garlic cartel launched

Aug 09, 2017 - 12:23 PM

The Philippine Competition Commission will review the 2014 report by the Office for Competition of the Department of Justice on the alleged garlic cartel

PRELIMINARY INQUIRY. Senator Cynthia Villar approaches PCC on alleged resurgence of garlic cartel. Rappler file photo

Phoenix Petroleum seeks $126-M acquisition of Petronas Energy, Duta

Jul 06, 2017 - 9:25 PM

Before acquiring the two firms Phoenix Petroleum must secure the approval of the Philippine Competition Commission

ACQUIRE MORE. This comes after Phoenix and PDB (Netherlands) BV signed an MOU on planned 100% share acquisition of PEPI and its affiliate, Duta. Image from Phoenix Petroleum

How PH's top antitrust official is guarding market competition

Jun 15, 2017 - 10:00 AM

Arsenio Balisacan the first chairperson of the Philippine Competition Commission says he is not one to run away from challenges

ACADEMIC STAR. Arsenio Balisacan considers his role as the first chairman of Philippine Competition Commission one of the biggest challenges in his life. Photo by Chrisee Dela Paz/Rappler

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