Sugar crushed

SAMANTHA POBLACION

The past month rendered an important and interesting decision from the Philippine Competition Commission (PCC). On Feb. 12, 2019, the PCC denied the prospective acquisition by Universal Robina Corp.-Balayan (URC) of the sugarcane milling and refinery assets of Central Azucarera Don Pedro Inc. (CADPI) and its parent entity Roxas Holdings Inc. (RHI).