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.

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.