A PYMNTS Company

Philippines: Dated laws could stifle effectiveness of new competition authorities

By  |  March 1, 2013

The Philippines Department of Justice, designated in 2011 as the nation’s Competition Authority, has issued guidelines on the implementation of the order given by President Aquino, which also established the Office for Fair Competition. According to the guidelines, the OFC will investigate all matters concerning cartels, monopolies, and restraint of trade cases – the cases will be defined from various laws dating back to 1925, which have remained largely untouched since. According to reports, major companies in the nation have held enough power to prevent any legislative changes concerning restraint-of-trade.

    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.

     

    Full Content: Business Inquirer

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