The PCC said it has started the in-depth or Phase 2 review of the proposed acquisition by Globe Fintech Innovations Inc. (Mynt) of 100 percent of ECPay's issued and outstanding shares.
Mynt and ECPay notified the PCC of their proposed transaction on April 23.
A Phase 2 review of the proposed transaction is being conducted after the PCC Mergers and Acquisitions Office (MAO) found potential competition concerns in key markets including payment services, aggregator services and merchant solutions during the Phase 1 review.
هذه القصة مأخوذة من طبعة November 23, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 23, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
BSP profit soars to P109.7 B in 9 months
The earnings of the Bangko Sentral ng Pilipinas (BSP) stood at P109.7 billion as of September, nearly five times higher than the P22.3 billion in the same period last year amid higher interest income.
Residential developers urged to diversify geographically
Residential property developers are advised to set their sights on geographic diversification, given the stable take-up of units outside Metro Manila.
Debt-free Benguet Corp eyes new, expansion projects
Romualdez-led Benguet Corp. is now keen on engaging possible investors to explore new and expansion projects to diversify revenue sources after becoming debt free.
Meralco Headed for Banner Year
Power distribution giant Manila Electric Co. (Meralco) is on track to close 2024 on a high note, with electricity sales growing beyond target, setting the stage for a promising year ahead.
Last-Minute Buying Props Up Market
Last-minute buying from investors helped the local stock market finish in positive territory in its return from a two-day holiday break.
Budget Deficit Widens to P213 B in November
The government posted a wider budget deficit of P213 billion in November as revenue collections went down while state spending surged by double digits, according to the Bureau of the Treasury (BTr).
AsPac Subsea Cable Link Switched On
PLDT in regional telco consortium
Master of whistle
Romy Guevara will always be known as the country's basketball officiating guru with over 40 years of experience running the hardcourt.
Palawan Yurich Builders-Perpetual rules Jr MPBL 18-under
Palawan Yurich Builders ruled the 18-under division of the Junior Maharlika Pilipinas Basketball League (MPBL) by sweeping the best-of-three finals against North Division champion Rizal Province Switch Fiber last Monday at the Home of the Altas Gym in Pamplona III, Las Piñas City.
Abarrientos makes 'Clasico' extra special
It was his first \"Manila Clasico\" experience - on Christmas Day, with 12,198 in attendance at the Big Dome and against the team of his legendary uncle, Magnolia assistant coach Johnny Abarrientos, at that.
