Komisyon ng Kumpetisyon ng Pilipinas | |
Agency overview | |
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Formed | January 27, 2016 |
Headquarters | 25/F Vertis North Corporate Center I North Avenue, Quezon City 1105 |
Agency executive |
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Website | www |
The Philippine Competition Commission (PhCC) is an independent, quasi-judicial body formed to implement the Philippine Competition Act (Republic Act No. 10667). The PhCC aims to promote and maintain market competition within the Philippines by regulating anti-competition behavior. The main role of the PhCC is to promote economic efficiency within the Philippine economy, ensuring fair and healthy market competition.[1]
The Philippine Competition Commission creates a regulatory framework for market competition in order to safeguard consumers, with the goal of providing them with more alternatives for what goods or services to purchase. It would also have the effect of creating competitive businesses that would encourage economic efficiency and innovation.[1]
The Philippine Competition Commission was formed on January 27, 2016. Since that time, the Philippine Competition Commission has formed offices through their mandate.[2]