A PYMNTS Company

Philippines: Call for competition law refreshed

By  |  October 14, 2013

A Philippine lawmaker has refreshed the call for established competition law with a version of the Philippine Fair Competition Act, say reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    House Speaker Sonny Belmonte submitted the legislation, House Bill 1133, to the House Committee on Trade and Industry. The bill reportedly establishes a presidential competition authority with powers to investigate allegations of competition abuses and prosecute individuals and companies.

    According to reports, Belmonte’s submission comes as another version of the Fair Competition Act is pending within the House of Representatives.

    Full Content: Solar News

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.