In the early 1950s, the Philippines was just recovering from the rubbles of the second world war. Fertility was high, averaging about seven to eight births per woman (UN 2017). Living conditions, however, were poor. An infant born around that time was expected to live for only 55 years. Much of the population were therefore comprised of children, with a little more than half of the country’s whole ...

Mergers and acquisitions are business activities that affect the market environment and consumer welfare. According to the Philippine Competition Act, a merger occurs when: (1) two or more entities, previously independent of each other, merge into a new entity and cease to be distinct or (2) an existing entity absorbs another entity, with the result that the latter ceases to be distinct. Companies ...