A PYMNTS Company

Philippines: PCC secures $23.3-M loan from ADB

By  |  December 11, 2019

Antitrust watchdog Philippine Competition Commission (PCC) has secured a $23.3-million loan from the Asian Development Bank (ADB) to strengthen the commission’s institutional capacity.

    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.

    In a press conference at the ADB Headquarters in Pasig City, PCC Chairman Arsenio Balisacan said the ADB loan will be spent on the PCC’s “Capacity Building to Foster Competition Project.”

    “The PCC recognizes that its success as a young agency rests in its ability to strengthen the skills and competencies of its staff, work inter-operably across its network of competition champions and enforcers, and vigorously engage the public and private sectors in competition advocacy,” he said.

    Full Content: GMA News Online, Manila Standard

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