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Bicolanos are Informed of Competition Policies




In raising awareness and stronger understanding of the national competition policies, the Philippine Competition Commission (PCC) conducted a roadshow on September 12 at Marison Hotel, Legazpi City.

The Bicolano stakeholders were informed of the salient features of the Philippine Competition Act and the functions of the PCC. The PCC seeks the support of Bicolano stakeholders in fulfilling its mandate of promoting competition in the market so that the business and consumer sectors, and the economy as a whole will benefit.

In his message, Executive Director Kenneth V. Tanate of the PCC, stressed the importance of a competition policy as a development strategy to achieve and sustain rapid and inclusive economic growth.

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Executive Director Kenneth Tanate presenting the Republic Act 10667 Philippine Competition Act and introducing the Philippine Competition Commission

Promoting competition in the Philippine market is one of the strategies of the Philippine Development Plan and Bicol Regional Development Plan 2017-2022. Both Plans seek to level the playing field by prohibiting anti-competitive agreements among business players, abuses of firms that dominate the market, and mergers of firms that restrict competition. This will ensure that the sustained gains from the strong economic performance will benefit all Filipinos. After all, the consumers are the ultimate beneficiaries of a policy environment where businesses openly compete, thus, contribute to realizing Ambisyon Natin 2040 of a “matatag, maginhawa, at panatag na buhay para sa lahat.”

The activity was actively participated by the regional line agencies, local government units, business sector, civil society organizations and other stakeholders.

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Philippine Competition Commission resource persons with agency partners from the Department of Trade and Industry (DTI) and National Economic and Development Authority Region 5

MichelleBrosas/NEDA5