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News and Events

Competition Body Clears Robinsons Retail's Acquisition of Rustan Supercenters

The go-signal comes without conditions unlike some of the recent deals approved by the PCC

The Philippine Competition Commission (PCC) has approved the merger between local retail firms Robinsons Retail Holdings Inc. (RRHI) and Rustan Supercenters Inc. (RSCI), the anti-trust body announced in a Commission Decision released August 16.“[T]he acquisition by Robinsons Retail Holdings Inc. of shares ...

by Lorenzo Kyle Subido  | August 17, 2018 05:00:00
News and Events

Grab Vows to Provide Customers Detailed Breakdown of Fares for Each Trip

Greater transparency among commitments made to regulators to win approval for merger with Uber

Grab passengers will be able to receive a clear and detailed breakdown of their fares by the end of the month, Grab Philippines Country Head Brian Cu said in a press conference August 10, Friday.Welcoming the Philippine Competition Commission’s (PCC) approval of ...

by Pauline Macaraeg  | August 10, 2018 05:00:00
News and Events

Lower Fares and Easier Bookings Expected With PCC's Conditional Clearance of Grab-Uber Merger

The PCC will monitor Grab for a one-year period to ensure that it meets certain commitments addressing anti-competitive concerns

The Philippine Competition Commission (PCC) has cleared the merger between ride-hailing firms Grab and Uber in the country, the anti-trust body announced in August 10.In what it calls a “Commitment Decision”, the PCC detailed seven conditions that Grab has to meet to ...

by Lorenzo Kyle Subido  | August 10, 2018 01:00:00
News and Events

Uber App Still Works in PH But Has Limited Functionality, and Little or No Support

Grab says it’s bearing the cost of maintaining Uber’s app in the country but only until April 15

The Uber ride-hailing app is still available in the Philippines even after April 8 in compliance with the Philippine Competition Commission (PCC)’s order for both Grab and Uber to maintain independent operation in the country while it conducts a review of the ...

by Elyssa Christine Lopez  | April 09, 2018 05:00:00
News and Events

Anti-Trust Body Orders Uber to Continue Operations Beyond April 8 in PH

Tells both Grab and Uber to maintain independence of their businesses in the country

The Philippine Competition Commission has ordered Uber to continue its ride-hailing operations in the Philippines while the anti-trust body completes its review of the merger agreement, according to a statement released by the agency Saturday, April 7.The order comes two days before ...

by Elyssa Christine Lopez  | April 07, 2018 02:00:00
News and Events

Competition Body Wants Grab and Uber to Continue to Operate Independently in PH Amid Review

But both ride-hailing companies don't seem inclined to agree to the proposal

The Philippine Competition Commission (PCC) is proposing that Grab and Uber should continue to operate independently in the Philippines while the anti-trust body conducts a thorough review of their merger in the country.The commission is tasked with preventing the formation of trusts ...

by Elyssa Christine Lopez  | April 05, 2018 04:00:00
News and Events

PH Anti-Trust Body to Review Grab-Uber Merger as It Could Reduce Competition

Move comes despite the two ride-sharing firms’ claim that the deal falls below notification thresholds

The Philippine Competition Commission (PCC) has announced that it will proceed with a review on the merger-and-acquisition deal between ride-hailing operators Grab and Uber.“The PCC has resolved to direct its Mergers and Acquisitions Office to commence a motu proprio review of the ...

by Lorenzo Kyle Subido  | April 03, 2018 05:00:00
News and Events

Grab-Uber Deal in PH Can Be Blocked If It Hurts Consumers, Says Anti-Trust Body

PCC Chairman Balisacan says that the agency to meet Grab and Uber on April 2

Arsenio Balisacan, chairman of the Philippine Competition Commission (PCC), the country’s regulatory agency that ensures a competitive playing field in key industries,  revealed that the agency can prevent the deal between ride-hailing operators Grab and Uber if it deems the sale anti-competitive.In ...

by Lorenzo Kyle Subido  | March 28, 2018 09:00:00
News and Events

Anti-Trust Body Voids Key Deal in Dennis Uy’s Takeover of Negros Navigation and 2GO Group

Philippine Competition Commission also fines Uy’s Udenna Corp. and Dutch counterparty Php19.6 million

The Philippine Competition Commission (PCC), the country’s anti-trust watchdog formed only in 2016, has voided a key transaction in Dennis Uy’s acquisition of a controlling stake in shipping and logistics companies Negros Navigation and 2GO Group.In a 33-page decision made public on ...

by Elyssa Christine Lopez  | February 19, 2018 07:00:00
News and Events

Why Did SM Withdraw Its Bid to Take Over Goldilocks Bakeshop?

This comes less than a month after the Philippine Competition Commission approved the takeover

SM Group’s property and retailing unit SM Retail Inc. has withdrawn its acquisition bid over bakeshop and restaurant chain Goldilocks Bakeshop Inc. on Thursday, February 1.“Regarding the proposed acquisition by SM Retail of Goldilocks, both SM and Goldilocks have jointly agreed not ...

by Pauline Macaraeg  | February 01, 2018 03:00:00
News and Events

Kick start your day, June 17: After years of waiting, PLDT and Globe finally signed deal on IP peering

And Impact Hub, WWF, PEF launched energy solutions fellowship.

The trend of providing smart energy solutions—may it be renewable energy or simplifiers to basic electricity problems—is catching up in the Philippines and local incubators are taking notice.Impact Hub Manila launched on Thursday, June 16, its second fellowship program, this time, focused ...

by Elyssa Christine Lopez  | June 17, 2016 08:00:00
News and Events

Kick start your day, June 15: Supreme Court halts license plates release

The TRO is in effect indefinitely, plus PH Competition Commission probes further into PLDT-Globe-San Miguel deal.

IndefinitelyTHE SUPREME COURT (SC) issued a temporary restraining order (TRO) against the Department of Transportation and Communication (DOTC) and the Land Transportation Office (LTO), for an indefinite period from distributing 700,000 pairs of license plates turned over by the Bureau of Customs ...

by Entrepreneur Staff  | June 15, 2016 09:00:00
News and Events

Kick start your day, May 26: No more #ChickenSad, hopefully

As Jollibee group, US-based Cargill to build, operate poultry plant in Batangas. Plus, PH Competition Commission to look into possible uncompetitive business practices in Internet services in the country.

No more #ChickenSadRemember the July 2014 incident wherein homegrown fast food chain Jollibee ran out of Chickenjoy, plus other popular offerings due to an IT problem?Perhaps a “horrific” incident like that would be avoided as Jollibee Foods Corporation entered into a joint ...

by Entrepreneur Staff  | May 26, 2016 08:00:00
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