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Philippines: Antitrust regime to pass this month

By  |  December 3, 2014

Both the House of Representatives and the Senate have approved of the proposed legislative package that would introduce antitrust laws to the Philippines, say reports, and experts believe the bill will be completely passed by the end of the year.

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    The House of Representatives cleared the bill Monday as lawmakers look to vote on several measures before the holiday break. The Fair Competition Act of 2014 as one of several bills that earned congressional support, say reports.

    The Philippines has been working to establish a comprehensive competition law ahead of its economic integration with the ASEAN countries; the Philippines is one of several members of the ASEAN group without competition laws in place.

    Because of this, economic experts have pressed the importance of passing the legislation before the end of the year.

    Full content: Business World Online

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