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Philippines: PCC sees competition improving with antitrust law

By  |  October 5, 2017

Perception about business competition in the Philippines has improved and is set to be even better as the competition law is now being enforced, the Philippine Competition Commission (PCC) said Thursday, October 5.

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    The Philippines scored 5.3 in terms of business competition, according to the Global Competitiveness Report, released by the World Economic Forum last month.

    “This is the highest score we have ever achieved in the last decade and we are optimistic that the coming years will see better numbers as the enforcement of the competition law gains traction,” PCC chairman Arsenio Balisacan said.

    Intensity of local competition is one of the indicators of under the goods market efficiency pillar of the Global Competitive Index in which the Philippines ranked 56th this year, a notch up from 57 last year.

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