Thresholds for compulsory merger and acquisition (M&A) reviews have been raised for a second time to reflect economic growth, the Philippine Competition Commission (PCC) announced on Thursday.

The “size of transaction” and “size of party” limits — the latter referring to the revenues/assets of the ultimate parent of at least one of the firms involved — were raised to P2.2 billion and P5.6 billion, respectively, from P2 billion and P5 billion.