tine.
Digital and alternative arrangements will be used for the "timely and efficient conduct of its merger review and investigation functions," the PCC said in a statement.“With the pandemic, Philippine markets will witness changes and restructuring in the form of mergers, consolidations, or even exit of firms.
“With the guidelines amid the community quarantine in place, PCC stands ready to enforce its merger review and investigation mandate during this critical period. This ensures that transactions do not substantially lessen competition in the market that might cause higher prices, fewer choices, or lower quality of goods and services,” he added.
The antitrust body reviews mergers and acquisition deals to guarantee that transactions would not result in lessening of competition in the sectors they are involved in.