A PYMNTS Company

Philippines: PCC Chairman supports new antitrust body

By  |  July 22, 2018

Philippine Competition Commission (PCC) Chairman Arsenio Balisacan said on Friday, July 20, that he backs the creation of a Federal Competition Commission under the Consultative Committee’s proposed constitution.

    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.

    Currently, the Philippines’ Consultative Committee formally turned over its proposed draft constitution to President Rodrigo Duterte. Under the proposed draft constitution, the PCC would be replaced with a constitutional body with “more teeth” in curbing unfair trade schemes.

    “The proposal includes making the [PCC] into a Federal Competition Commission and make it a constitutional body to give it more teeth and independence, and [the] power to address highly anti-competitive practices,” he said.

    Full Content: Rappler

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