PCC adjusts compulsory threshold notification

The Philippine Competition Commission has issued today PCC Advisory No. 2019-001 adjusting the compulsory threshold notification for M&A transactions. The Commission has raised the thresholds from PHP5 Billion to PHP5.6 Billion for the Size of Person (SoP) and from PHP2 Billion to PHP2.2 Billion for the Size of Transaction (SoT). Under the law, PCC is …
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Government Contemplates on Taking-over Hanjin’s shipyard

Defense Secretary Delfin N. Lorenzana said last Tuesday that he posed an idea to the President of turning Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) debt troubles into an opportunity for the Philippines to develop a shipbuilding industry. Read more on: https://www.bworldonline.com/govt-mulls-takeover-of-hanjins-shipyard/

MOU Between PH and Spain on Final Stages

The Duterte administration welcomed Spanish firms interested in the government’s “Build, Build, Build” infrastructure program. Two memoranda of understanding (MOU) entered the final stages which included grants for agro-food, infrastructure, and tourism projects. Read more at: https://business.inquirer.net/263687/mous-for-spanish-financing-to-ph-readied

Planned Tax Amnesty Bill

Finance Assistant Secretary Antonio Joselito G. Lambino II said that the planned tax amnesty bill was set to be delivered from Congress to the Office of President last Wednesday. According to him, once signed to law, the amnesty will grant amnesty one-time legal relief for those with unpaid taxes for years up to 2017. Read …
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