Philippines: Issued ruling in PPC investigation into Grab Philippine's acquisition of Move It

On 18 October 2022, the Philippine Competition Commission issued an interim ruling on its initial assessment of Grab Philippine's acquisition of Move It, noting that the transaction likely did not breach the thresholds for compulsory notification under Republic Act No. 11494. The Commission highlighted that the parties can proceed without waiting for approval, though the Commission reserves the right to conduct a motu proprio review if there are concerns about a substantial lessening of competition in the relevant markets.