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In fact, Grab has a 5% fare hike petition pending with the Land Transportation Franchising and Regulatory Board
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
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
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
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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
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
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
Senator Sherwin Gatchalian calls on the Land Transportation Franchising and Regulatory Board to require Grab to provide a breakdown of charges in its receipts
Effective immediately, the 1.5x surge pricing cap applies to all ride-hailing services offered by Grab
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'
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.
'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
'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
'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
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(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
Duterte on UN Human Rights Chief, DOLE on Jollibee, Sison on resumption of peace talks | Evening wRap
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Hello! Here's a roundup of news you need to know this Wednesday.
Grab says it will 'prepare the necessary documents and share information required' by the Philippine Competition Commission
This is after the Philippine Competition Commission's preliminary assessment shows that the transaction may hurt commuters and drivers
The Philippine Competition Commission notes that Uber's exit would lead to Grab monopolizing the ride-sharing market
Makati Representative Luis Campos Jr also says lawmakers are counting on the Philippine Competition Commission to go over the Uber-Grab deal
'Obviously, it is not good. From a duopoly, it becomes a monopoly,' warns an economist
Hello! Here's a roundup of news you need to know this Wednesday.
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
The Philippine Competition Commission is looking for faster ways to review joint venture companies interested in bidding for the 3rd telco slot
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
The Philippine Competition Commission finds that the deal does not result in substantial lessening of competition in the power generation and retail electricity markets
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
The country's antitrust body is reviewing its existing P1-billion threshold, taking into account that inflation hit a 3-year high last January
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
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
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
(UPDATED) SM and Goldilocks back out from the deal due to 'changes in the general business environment'
The establishment of the bank is now being reviewed after the Bangko Sentral ng Pilipinas approved Landbank's acquisition of Postbank
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’
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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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
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
Once it completes information needed PCC says PSE intends to refile its PDS merger notification as soon as possible
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
The Philippine Competition Commission will review the 2014 report by the Office for Competition of the Department of Justice on the alleged garlic cartel
Before acquiring the two firms Phoenix Petroleum must secure the approval of the Philippine Competition Commission
Arsenio Balisacan the first chairperson of the Philippine Competition Commission says he is not one to run away from challenges
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The Philippine Competition Commission wants to be allowed to review the transaction between San Miguel PLDT and Globe
How can the Philippines have cheaper and better internet? Here are recommendations from the Philippine Competition Commission