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Anti-trust body OKs Grab-Uber deal, with conditions

The Philippine Competition Commission has cleared Grab’s acquisition of Uber, although this is still subject to compliance with the conditions set for service quality and pricing standards......»»

Category: newsSource: philstar philstarAug 11th, 2018

Antitrust body OKs Grab-Uber deal, sets conditions

By Aika Rey/rappler.com – The Philippine Competition Commission (PCC) has bound ride-hailing company Grab Philippines to fair pricing conditions and service quality commitments for acquiring Uber. The PCC released its decision on Friday, August 10 – 70 days after Grab first submitted commitments to address concerns of “virtual monopoly” Read more ».....»»

Category: newsSource:  thepinoyRelated NewsAug 10th, 2018

Federalism probe, Grab pricing, PH weather | Evening wRap

Today on Rappler: Grace Poe wants Senate probe into federalism info campaign. Jose Reyes Jr appointed Supreme Court justice. Antitrust body OKs Grab-Uber deal, sets conditions. PH pivot to Russia advances with port visit, submarine talks. Karding, another tropical cyclone enhancing monsoon. {module 3998}.....»»

Category: newsSource:  rapplerRelated NewsAug 10th, 2018

Competition watchdog clears Grab-Uber deal but...

The Philippine Competition Commission on Friday announced it has cleared ride-hailing firm Grab’s acquisition of rival Uber in the country but subject to certain conditions to address anti-competitive concerns......»»

Category: financeSource:  philstarRelated NewsAug 10th, 2018

Competition watchdog clears Grab-Uber deal but…

The Philippine Competition Commission on Friday announced it has cleared ride-hailing firm Grab’s acquisition of rival Uber in the country but subject to certain conditions to address anti-competitive concerns. Source link link: Competition watchdog clears Grab-Uber deal but….....»»

Category: newsSource:  manilainformerRelated NewsAug 10th, 2018

Grab, Uber ordered to pay P16M in fines

The country's antitrust body fined Grab and Uber P16 million for allegedly causing undue difficulties that prejudiced the review of their controversial takeover deal. Top officials of the Phil.....»»

Category: newsSource:  philippinetimesRelated NewsOct 19th, 2018

Gov t fines Grab, Uber P16M for causing undue difficulties on merger review

The country's antitrust body fined Grab and Uber P16 million for causing undue difficulties that prejudiced the review process of their controversial takeover deal. Top officials of the Philip.....»»

Category: newsSource:  philippinetimesRelated NewsOct 18th, 2018

Competition body fines Grab, Uber P16 million

THE PHILIPPINE COMPETITION COMMISSION (PCC) has imposed fines totaling P16 million on Grab Philippines (MyTaxi.PH, Inc.) and Uber Philippines for violations of interim measures ordered on April 6 as the watchdog reviewed the companies’ March 25 acquisition deal. The post Competition body fines Grab, Uber P16 million appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 17th, 2018

PCC Gives Nod to Grab-Uber Deal

The Philippine Competition Commission (PCC) Chairman Arsenio Balisacan announced Friday the antitrust body has given the green light to go ahead with the acquisition deal between transport network companies (TNCs) Grab and Uber. This is after the PCC has finally approved the voluntary commitments submitted by Grab to the Commission. Balisacan said even with the […].....»»

Category: newsSource:  metrocebuRelated NewsAug 13th, 2018

PCC voids Chelsea–Trans-Asia deal

Chelsea Logistics Holdings Corp.’s purchase of Trans-Asia Shipping Lines has been voided due to their failure to properly notify the Philippine Competition Commission (PCC). Both companies were also fined P22.8 million by the anti-trust body, which said the nullification was also a factor in the conditional clearance of a related transaction – Chelsea’s acquisition of [...] The post PCC voids Chelsea–Trans-Asia deal appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 3rd, 2018

Hope Solo says don t vote for US World Cup bid

By Rob Harris, Associated Press LONDON (AP) — A World Cup winner and Olympic champion with the United States, Hope Solo now wants her country to lose one of its biggest soccer contests: FIFA's vote on the 2026 World Cup host. "I can't say it should be awarded to Morocco," Solo told The Associated Press. "But I don't think it should go to the United States, and that's hard to say." Concerns about the financial dealings of the United States Soccer Federation and the closed men's league system led Solo to that conclusion. By choosing to actively campaign against the U.S.-led North America bid, Solo risks alienating herself further from the soccer community in her homeland. The bid leadership was exasperated when informed Solo was undermining their efforts heading into Wednesday's vote, dismissing her criticism of the governance of soccer but declining to go on the record in detail. This is not an isolated eruption against U.S. Soccer. Solo has reason to be disgruntled. After 202 international appearances — a record for an American goalkeeper — Solo was fired over an outburst at the 2016 Olympics against the opposition and a series of off-the-field controversies. In an attempt to take control of the organization that ostracized her, Solo ran for the U.S. Soccer Federation (USSF) presidency in February. There was a resounding verdict: Solo garnered only 1.4 percent of the vote to finish last out of five candidates. Solo still wants to be heard to try to secure equal pay and equal treatment for the U.S. women's team, and force Major League Soccer to open up the closed competition. Her gripes provide a counterpoint to the loyal championing of the American World Cup bid by David Beckham in a video released by MLS, where the former England captain is launching a team in Miami. That is only possible because Beckham secured a cut-price deal for an expansion franchise as part of his contract to play for the Los Angeles Galaxy. "That is not helping the sport in America," Solo said. "I want to see promotion-relegation in the NASL and the MLS. Right now it's true, you have rich ownership groups owning MLS teams and they're only getting richer and they're alienating everybody else. "A new ownership group can't just come in and purchase a team even though they have the financial security, even though they have the commitment. It's controlled by those single individuals at Soccer United Marketing, MLS in particular, (Commissioner) Don Garber." FIFA's statutes enshrine the principle of a system of promotion and relegation in domestic competitions to ensure participation "shall depend principally on sporting merit." The regulations then say that qualification can be subject to other criteria including "financial considerations." MLS stridently defended itself against Solo's criticism, saying team owners have invested more than $3 billion in stadium and training facilities to grow the sport because it's a closed league. "The structure that we have has given owners certainty to make that type of investment," MLS President and Deputy Commissioner Mark Abbott told the AP. "Had we had a system of promotion and relegation it would not have been possible to generate that level of investment from owners, local communities or private banks that help to fund some of these facilities." Solo also questioned Garber's role overseeing MLS and Soccer United Marketing, which is the exclusive marketing partner of U.S. Soccer, while also sitting on the USSF board. "There are too many conflicts of interest that need to be addressed immediately," Solo said. Garber represents MLS on the U.S. Soccer board but recuses himself from discussions about the "sanctioning of other professional leagues in the U.S.," Abbott responded on behalf of the commissioner. Turning on the USSF, Solo said the organization lacks integrity and highlights the absence of an independent ethics committee, which FIFA has. She also filed a claim with the U.S. Olympic Committee, saying the USSF violates a law that offers protections for athletes, alleging improper conditions for soccer players. "If you're an Olympic sport, your national governing body, every NGB has an obligation to give resources and funds to all of its members, not just professional and amateur players or Paralympic team women's teams or youth teams," Solo said. "But what U.S. Soccer does is they give the money directly to the pro teams. So it's in violation of the Ted Stevens Act and I have a hearing in a couple weeks in front of the Olympic Committee. "I also met with Congress members recently. I went to Capitol Hill, met with Republicans and Democrats, and there's a lot of interest to make sure that U.S. Soccer is an organization that actually is run transparently, has integrity and is an open and honest national governing body." Up to 207 soccer federations will vote next Wednesday in Moscow on whether North America or Morocco should host the 2026 World Cup, or the bidding should be reopened by choosing "none of the above." In FIFA's inspections report, North America's bid, which includes Canada and Mexico as minority partners, scored 402 out of 500, while Morocco was marked 275 in part due to a lack of infrastructure. "Hopefully FIFA can stand up and step in and say, 'If we're going to reward you, let's look at everything and point out where you can fix certain things,'" Solo said. Her call for greater transparency from the USSF came after speaking at the London launch conference for the Foundation for Sports Integrity, which has one named official who would not disclose the source of funding for the group or who paid to hire lavish facilities at a Four Seasons hotel. "I want to put my faith and trust in people," Solo said. "Who's funding it? That's no different from the way a lot of organizations are run.".....»»

Category: sportsSource:  abscbnRelated NewsJun 8th, 2018

Grab insists Uber deal has ‘no anti-competitive effect’

GRAB PHILIPPINES (MyTaxi.PH) on Wednesday insisted its acquisition of Uber Philippines’ assets did not have an adverse effect on competition in the local ride-hailing market, contrary to the findings of the Philippine Competition Commission (PCC). The post Grab insists Uber deal has ‘no anti-competitive effect’ appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 30th, 2018

Anti-trust body asks Uber to continue PH operation

Anti-trust body asks Uber to continue PH operation Source link link: Anti-trust body asks Uber to continue PH operation.....»»

Category: newsSource:  manilainformerRelated NewsApr 9th, 2018

PCC Launches Probe on Grab-Uber Merger

The Philippine Competition Commission (PCC), the country’s antitrust body, launched Tuesday a motu proprio review on the acquisition of Grab Holdings, Inc. and MyTaxi.PH of the assets of Uber BV and Uber Systems, Inc. PCC has opened its own investigation on the Grab and Uber deal after the Commission’s officials met with representatives of the transport network […].....»»

Category: newsSource:  metrocebuRelated NewsApr 4th, 2018

PCC says Grab-Uber deal will create a ‘virtual monopoly’

With Uber expected to fold under its rival ride-hailing firm next week, the antitrust body urged both companies to wait for a review before completing the deal that would give Grab a "virtual monopoly" in the market. In a statement, the Philippine Competition Commission (PCC) said that it was considering a review of the deal regardless if the transaction falls under the current notification rules for mergers and acquisitions (M&As). This developed days after Grab said it would acquire Uber's operations in Southeast Asia, calling it the largest acquisition by a Southeast Asian Internet company. The Uber app, which has provided an alternative to many Filipinos suffering fr...Keep on reading: PCC says Grab-Uber deal will create a ‘virtual monopoly’.....»»

Category: newsSource:  inquirerRelated NewsApr 2nd, 2018

Philippine competition watchdog not yet notified about Grab-Uber deal

MANILA, Philippines — The Philippine Competition Commission on Monday reminded Grab Philippines that the country’s antitrust body must be notified should the.....»»

Category: newsSource:  philstarRelated NewsMar 27th, 2018

PCC green-lights ALI-RALI deal

THE COUNTRY’S anti-trust body has given the go-signal for two joint venture deals last week, one of which involves property giant Ayala Land, Inc. (ALI)’s partnership with Royal Asia Land, Inc. (RALI) to develop a mixed-use estate in Cavite. In a statement issued Thursday, the Philippine Competition Commission (PCC) said the partnership between ALI and […] The post PCC green-lights ALI-RALI deal appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 22nd, 2018

Anti-trust Body Issues Guidelines on SM-Goldilocks Deal

The Philippine Competition Commission (PCC) said it has issued a Statement of Concerns (SOC) to the parties involved in the planned acquisition of Goldilocks Bakeshop, Inc., the country’s largest bakeshop chain, by Sy-led SM Investments... The post Anti-trust Body Issues Guidelines on SM-Goldilocks Deal appeared first on MetroCebu News......»»

Category: newsSource:  metrocebuRelated NewsDec 17th, 2017

PCC approves JTI-Mighty deal

MANILA, Philippines - The Philippine Competition Commission (PCC), the government’s anti-trust body has approved Japan Tobacco Inc......»»

Category: financeSource:  philstarRelated NewsAug 29th, 2017

Grab to ask PCC to reconsider P12-M fine

MANILA, Philippines – Grab Philippines announced on Friday, October 26, it would file a motion for reconsideration with the Philippine Competition Commission (PCC) over the P12-million fine the antitrust body imposed on the company over its acquisition of Uber operations here.   In a statement, Miguel Aguila, ........»»

Category: newsSource:  rapplerRelated NewsOct 26th, 2018

Uber to challenge anti-competitive penalty in Singapore

SINGAPORE - Months after Uber Technologies sold its Southeast Asian business to the Singapore-based firm Grab, both the companies were slapped with a huge penalty by Singapore's competition wat.....»»

Category: newsSource:  manilanewsRelated NewsOct 22nd, 2018