Philippine Competition Act
The Philippine Competition Commission is a quasi-judicial body whose mandate is to enforce and implement the provisions of the Philippine Competition Act (Republic Act No. 10667),[1][2][3] which was signed into law by President Benigno S. Aquino III on July 21, 2015.[2][4]
It is intended to ensure efficient market competition and to level the playing field among businesses engaged in trade, industry, and all commercial economic activities.[2]
In January 2016, Arsenio Balisacan resigned from his post as Philippine Socioeconomic Planning Secretary and Director General of the National Economic and Development Authority to lead the Philippine Competition Commission.[2]
Composition
Upon its creation, five commissioners were appointed to the Philippine Competition Commission, sworn in on January 27, 2015:[5]
- Arsenio Balisacan (Chairperson)
- Stella Alabastro-Quimbo
- Johannes Bernabe
- Elcid Butuyan
- Menardo Guevarra
References
- ^ Venzon, Cliff (26 January 2016). "Aquino appoints new antitrust enforcer". Nikkei Asian Review. Nikkei Inc. Retrieved 28 January 2016.
- ^ a b c d "NEDA statement on Balisacan move to Competition Commission". BusinessWorld. BusinessWorld Publishing Corporation. 25 January 2016. Retrieved 28 January 2016.
- ^ "Republic Act No. 10667 - Philippine Competition Act". Official Gazette of the Republic of the Philippines. 21 July 2015. Retrieved 28 January 2016.
- ^ Viray, Patricia Lourdes (25 January 2016). "NEDA chief to head new Philippine Competition Commission". The Philippine Star. Retrieved 28 January 2016.
- ^ Sabillo, Kristine Angeli (27 January 2016). "Balisacan takes oath as competition commission head". Philippine Daily Inquirer. Retrieved 28 January 2016.
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