Antitrust authorities have initiated a review of Grab’s purchase of Uber’s Southeast Asian operations, noting that the deal “may likely lessen, prevent or restrict competition substantially.” In a decision issued on Tuesday, the Philippine Competition Commission (PCC) directed its Mergers and Acquisitions Office (MAO) to launch a motu propio investigation as both Uber and Grab […]
Read MoreMANILA, Philippines — Prices of retail goods in the National Capital Region (NCR) rose by 3.8 percent in February from 3.5 percent the previous year as most commodity groups posted higher increments, the Philippine Statistics Authority (PSA) said. Increases were registered in a majority of the commodity groups particularly food (5 percent), beverages and tobacco […]
Read MoreMANILA, Philippines — Inflation likely accelerated to 4.1 percent last month based on 2012 prices, driven by higher tobacco, non-alcoholic beverages and energy costs, the Department of Finance (DOF) said yesterday. In its latest economic bulletin, the DOF said the consumer price index (CPI) – under the rebased 2012 series – may have settled at […]
Read MoreMANILA, Philippines — Metro Pacific Investments Corp. (MPIC) has acquired a 49 percent stake in Tuan Loc Water Resources Investment Joint Stock Co. (TLW) for roughly P2 billion. The transaction allows MPIC, through subsidiary MetroPac Water Investments Corp., to “expand into Vietnamese industrial water concessions.” TLW is one of the largest water companies in Vietnam, […]
Read MoreMANILA, Philippines — In an in-depth report, the debt watcher said the upward pressures on inflation due to the impact of the new tax reform law are transitory in nature and is expected to ease next year. “We believe that overheating risks in the Philippines are not yet material. Our view is based on expectations […]
Read MoreSINGAPORE/KUALA LUMPUR: The Philippines competition watchdog said on Monday it is looking at whether the deal by Uber Technologies to sell its Southeast Asia business to rival Grab will substantially reduce competition. “The Grab-Uber acquisition is likely to have a far reaching impact on the riding public and the transportation services. As such, the PCC […]
Read More
Thailand
