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

 

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/ Commission Decision No. 21-M-005-2017 Acquisition by Alipay Singapore Holding Pte. Ltd. of shares in Globe Fintech Innovations Inc.

Commission Decision No. 21-M-005-2017
Acquisition by Alipay Singapore Holding Pte. Ltd. of shares in Globe Fintech Innovations Inc.

ABSTRACT:

Alipay Singapore Holding Pte. Ltd. (“Alipay”) and Ayala Corporation (“Ayala”) propose to acquire, by subscription, new common shares of Globe Fintech Innovations, Inc. (“Mynt”) [collectively, the “Parties”]. Mynt is currently wholly owned by Globe Capital Venture Holdings, Inc. (“Globe Venture”), which is in turn a wholly owned subsidiary of Globe Telecom, Inc. (“Globe Telecom”).

Upon closing of the proposed transaction, Alipay, Globe Venture and Ayala will hold 45.0%, 45.0% and 10.0% respectively of the issued and outstanding share capital of Mynt on a fully-diluted basis.

Ant Financial Group operates data and technology platform to provide digital financial services to consumers and small merchants. Businesses operated by Ant Financial Group include thirdparty payment service platform Alipay (primarily through Alipay.com Co., Ltd.), wealth management platform Ant Fortune Information Technology (primarily through Ant Lemaibao (Shanghai), Shanghai Zhaocaibao Financial Information Services Co., Ltd., and Ant Wealth (Shanghai) Financial Information Services Co., Ltd., independent third-party credit scoring system Zhima Credit (primarily through Sesame Credit Management Co., Ltd.) and online banking service provider MYbank (through Zhejiang E- Commerce Bank Co., Ltd, in which Ant Financial owns a 30% equity stake).

Currently, Ant Financial Group’s businesses are primarily located in China. Ant Financial Group’s third-party payment services are now supported in 70 overseas markets, with in-store payments covering more than 100,000 retail stores abroad and support the settlement of 18 currencies.

Ayala Corporation is a business group in the Philippines. Ayala’s portfolio includes Ayala Land, Bank of the Philippine Islands, Globe Telecom, and Manila Water. Ayala also has interests in power generation, transport infrastructure, industrial technologies, healthcare, and education. The Ayala group has a combined market capitalization of USD40 billion, comprising 20% of the market capitalization of the Philippine Stock Exchange Composite Index.

Mynt is a fully-owned subsidiary of Globe Telecom that provides fintech solutions to consumers, merchants, and organizations. It operates two fintech companies: (i) G-Xchange, Inc. (“GCash”), a micropayment service that transforms the mobile phone into a virtual wallet, and (ii) Fuse Lending, Inc., a tech-based lending company.

Globe Telecom is a telecommunications company in the Philippines, offering mobile, fixed, broadband, data connections, internet and managed services. Its principals are Ayala Corporation and Singtel.



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