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On 13 September 2022, the Philippine Competition Commission (PCC) adopted Resolution No. 18-2022 Adjusting the Merger Notification Thresholds provisionally modifying the thresholds for companies to notify mergers and acquisition to the PCC. Under the Resolution, parties to a transaction should notify a merger or acquisition to the PCC if it exceeds PHP 2.5 billion pesos (USD 43 million) a company party to the transaction is worth more than PHP 6.1 billion pesos ($106.35 million). The Resolution comes into effect on 16 September 2022.
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