PCC fines MVP-linked firms P5.8M for late merger reports

MANILA, Philippines — Two companies linked to tycoon Manuel V. Pangilinan received a P5.8-million fine for repeatedly missing the reporting deadlines that the Philippine Competition Commission (PCC) imposed as part of a merger clearance. According to the antitrust watchdog, it found Pilipinas Enterprise Management Holdings Inc. (PEMHI) and Meralco PowerGen Corp. (MGen) liable for violating the