Philippine Competition Act

Philippine Competition Act
Congress of the Philippines
  • An Act Providing for a National Competition Policy Prohibiting Anti-Competitive Agreements, Abuse of Dominant Position and Anti-Competitive Mergers and Acquisitions, Establishing the Philippine Competition Commission and Appropriating Funds Therefor
CitationRepublic Act 10667
Territorial extentPhilippines
Enacted byHouse of Representatives
Enacted bySenate
Signed byBenigno Aquino III
SignedJuly 21, 2015
Status: In force

The Philippine Competition Act, officially designated as Republic Act No. 10667, is a Philippine law that was signed into law by President Benigno Aquino III on July 21, 2015, and established the quasi-judicial Philippine Competition Commission to enforce the act.[1][2][3][4] The act is intended to ensure efficient and fair market competition among businesses engaged in trade, industry, and all commercial economic activities.[3] It prohibits anti-competitive agreements, abuses of dominant positions, and mergers and acquisitions that limit, prevent, and restrict competition.[5]

  1. ^ Viray, Patricia Lourdes (January 25, 2016). "NEDA chief to head new Philippine Competition Commission". The Philippine Star. Retrieved January 28, 2016.
  2. ^ Venzon, Cliff (January 26, 2016). "Aquino appoints new antitrust enforcer". Nikkei Asian Review. Nikkei Inc. Retrieved January 28, 2016.
  3. ^ a b "NEDA statement on Balisacan move to Competition Commission". BusinessWorld. BusinessWorld Publishing Corporation. January 25, 2016. Retrieved January 28, 2016.
  4. ^ "Republic Act No. 10667 - Philippine Competition Act". Official Gazette of the Republic of the Philippines. July 21, 2015. Retrieved January 28, 2016.
  5. ^ Schnabel, Chris (July 13, 2015). "What consumers need to know about the PH Competition Act". Rappler. Retrieved June 14, 2016.