Proposed legislation that aims to ban monopolies and anticompetitive conduct advanced in the Philippine Congress Tuesday as the House of Representatives’ Appropriations Committee approved of the bill.
Reports say the Philippine Competition Act would overhaul the nation’s antitrust regulation by establishing the Philippine Competition Commission with powers to sanction and penalize anticompetitive behavior. Its chairperson would be appointed by the President with a term duration of six years; four other commissioners will act below the chairperson.
Despite the approval, reports say the bill will still need clearance from two other congressional committees and will face various debates by lawmakers.
The legislation was co-authored by Representative Anthony G. Del Rosario.
Lawmakers have worked to establish a comprehensive competition law as the nation strengthens its economic and political ties with the Association of Southeast Asian Nations, the regional partnership that is also looking to introduce an overarching competition policy to its members.
Full content: Business World Online
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Japan’s Prime Minister Criticizes US Block on Nippon Steel-US Steel Deal
Feb 17, 2025 by
CPI
UAE Cabinet Announces New Merger Control Filing Thresholds Effective March 2025
Feb 17, 2025 by
CPI
UK Regulator Warns Topps Tiles Acquisition Could Hurt Competition
Feb 17, 2025 by
CPI
FTC Chair Andrew Ferguson Backs Trump’s Authority to Remove Commissioners
Feb 17, 2025 by
CPI
South Korea Suspends Downloads of Chinese AI App DeepSeek Over Data Privacy Concerns
Feb 17, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon