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.
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
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