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Phillipines: Aquino appoints new antitrust enforcer

By  |  January 25, 2016

Arsenio Balisacan, the Philippines’ economic planning secretary, is set to take charge of the country’s first commission devoted to dismantling monopolies and cartels. By fostering competition, the government aims to attract more investment.

Balisacan, who also serves as director-general of the National Economic and Development Authority, will resign effective Jan. 31 in order to lead the new Philippine Competition Commission. Emmanuel Esguerra, NEDA’s deputy director-general, will take over as the agency’s officer-in-charge, according to a statement released on Monday.

President Benigno Aquino appointed Balisacan to the PCC. The entity will be composed of four commissioners and a chairman, who will serve a single seven-year term.

Full content: Nikkei

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