PCC Public Advisory

 

System Maintenance Advisory: MAO E-Notification System

Please be advised that the MAO E-Notification System will undergo scheduled maintenance to implement system enhancements from 01 April to 06 April 2026. During this period, the system will be temporarily unavailable.

The last day for electronic submissions through the MAO E-Notification System will be on 31 March 2026 (5:00 PM).

If there are submissions due during the scheduled maintenance period, all concerned parties are advised to ensure the early submission of the necessary documents prior to the maintenance dates.

The enhanced MAO E-Notification System will resume normal operations on Tuesday, 07 April 2026.

For any questions or concerns, please contact the Mergers and Acquisitions Office via email at mergers@phcc.gov.ph or by telephone at +632 8771 9722 local 252.

Please be guided accordingly.

 

 

 

Advisory: LMS Rebranding to PCC eCLASS

In line with its rebranding efforts, PCC's Learning Management System (LMS), previously known as iCLP: Online Learning Hub on Competition Law and Policy, will now be called PCC eCLASS: Enhanced Competition Learning Activities Spaces.

Correspondingly, the platform’s domain name will be changed from iclp.phcc.gov.ph to eclass.phcc.gov.ph.

Please be advised that the LMS will be temporarily unavailable from March 27, 2026 (5:00 PM) to March 31, 2026 (11:59 PM) to facilitate this transition.

Beginning April 1, 2026, users may access PCC’s online courses through the new domain.

 

 

 

PCC Advisory: Trunkline Service Interruption

 

Close this Modal

/ Commission Decision No. 16-M-014/2018 Acquisition by City Savings Bank, Inc. and Union Properties, Inc. of Shares in PETNET, Inc.

Commission Decision No. 16-M-014/2018
Acquisition by City Savings Bank, Inc. and Union Properties, Inc.
of Shares in PETNET, Inc.

 

ABSTRACT:

The transaction involves the proposed acquisition by City Savings Bank, Inc. (City Savings) and Union Properties, Inc. (Union Properties) from Aboitiz Equity Ventures, Inc. the shares representing 51 percent of the outstanding capital stock of PETNET, Inc. (PETNET).

City Savings Bank, Inc. is a corporation registered with the Philippine Securities and Exchange Commission and authorized by the Bangko Sentral ng Pilipinas (BSP) to operate as a thrift bank. It is the thrift bank arm of Union Bank of the Philippines. Union Properties, Inc., on the other hand, is also a Philippine registered corporation engaged in property administration and management. PETNET, which operates under the trade name “PERA HUB,” is a corporation existing by virtue of the laws of the Republic of the Philippines and licensed by the BSP to engage in the businesses of remittance, money exchange, and foreign dealing and trading.

1678156128_Commission-Decision-No.-16-M-014-2018-CitySavings-PETNET.pdf

Back