Latest 2023 Notification Thresholds for Mergers and Acquisitions under the Philippine Competition Act (as of 01 March 2023)

In PCC Memorandum Circular No. 04-2023, No. 02-2020 dated 16 February 2023, the Philippine Competition Commission modified and increased the notification thresholds for mergers and acquisitions.

MC No. 18-001

PCC Advisory No. 2019-001

Commission Resolution

No. 02-2020

MC No. 04-2023

Size of Party

Exceeds Five Billion Pesos


Exceeds Five Billion Six Hundred Million Pesos


Exceeds Six Billion Pesos (Php6,000,000,000)

Exceeds Seven Billion Pesos (Php7,000,000,000)

Size of Transaction

Exceeds Two Billion Pesos


Exceeds Two Billion Two Hundred Million Pesos


Exceeds Two Billion Four Hundred Million Pesos (Php2,400,000,000)

Exceeds Two Billion Nine Hundred Million Pesos (Php2,900,000,000)

Date of Effectivity

01 March 2018

01 March 2019

01 March 2020

01 March 2023

Parties to a merger or acquisition shall be required to notify in compliance with Section 17 of the Philippine Competition Act (PCA) when the above adjusted Size of Party and Size of Transaction thresholds are met.

The adjusted threshold for Size of Transaction shall also apply to joint venture transactions.

Click here to read the entire PCC Memorandum Circular No. 04-2023.

This article amends the following articles:

Disclaimer: The information in this website is provided for general informational purposes only. No information contained in this post should be construed as legal advice from Platon Martinez or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or other professional advice on the particular facts and circumstances.