Philippine Competition Commission

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]

References

  1. ↑ Venzon, Cliff (26 January 2016). "Aquino appoints new antitrust enforcer". Nikkei Asian Review (Nikkei Inc.). Retrieved 28 January 2016.
  2. 1 2 3 4 "NEDA statement on Balisacan move to Competition Commission". BusinessWorld (BusinessWorld Publishing Corporation). 25 January 2016. Retrieved 28 January 2016.
  3. ↑ "Republic Act No. 10667 - Philippine Competition Act". Official Gazette of the Republic of the Philippines. 21 July 2015. Retrieved 28 January 2016.
  4. ↑ Viray, Patricia Lourdes (25 January 2016). "NEDA chief to head new Philippine Competition Commission". The Philippine Star. Retrieved 28 January 2016.
  5. ↑ Sabillo, Kristine Angeli (27 January 2016). "Balisacan takes oath as competition commission head". Philippine Daily Inquirer. Retrieved 28 January 2016.


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