MANILA, Philippines — Filipinos still lack familiarity with the importance of competition in the market, according to a Philippine Competition Commission official, who also cautioned that small businesses might be unknowingly engaging in anti-competitive activities due to lack of awareness. In a forum organized by the Philippine Institute for Development Studies, PCC Commissioner Stella Quimbo said “very few people” have an appreciation for competition concerns despite the ratification of the Philippine Competition Act two years ago. The PCC, created under Republic Act 10667 or the Philippine Competition Act, is an independent, quasi-judicial body mandated to implement the national competition policy by regulating anti-competitive conduct. To increase the awareness of Filipinos on the country’s competition policy, Quimbo said the PCC should strengthen its partnership with agencies, organizations, academe and the media. She added that the PCC also needs to work with the government to address policies that cause anti-competitive behavior among private firms.

Source: Philippine Star November 08, 2017 11:26 UTC