THE Philippine Competition Commission (PCC) has raised the compulsory notification threshold for corporate mergers and acquisitions to P2 billion to reflect the country’s inflation and economic growth. The anti-trust body said it would continue to monitor notifications and revisit the threshold level periodically to ensure it responds to changes in the capital markets and the economy. To date, a total of 152 notifications—equivalent to 134 transactions—have been received by the PCC. Of the total, 125 transactions have secured the body’s approval, worth a combined amount of P2.25 trillion, while others are in different stages of review. The PCC is a government-owned body mandated to review mergers and acquisition transactions, originally valued at P1 billion and above prior to this new memorandum circular, to ensure competition in the market.

Source: Manila Times March 05, 2018 09:33 UTC