fbpx

Philippine Competition Act will open the market to new telco players

The Philippine Competition Act is finally done at the bicam level which means it’s up for signing by the President to be enacted as a law.


This is the longest running bill in Congress and the current landmark bill passed by the 16th Congress. It’s been around since the 8th Congress (1990s).

The Senate version, Senate Bill 2282, was sponsored by Sen. Paolo Benigno Aquino IV and unanimously approved (13-0) last December 2014.

The Philippine Competition Act will make sure that no business entity would have an unfair advantage over its competitors so that consumers would enjoy the benefits of a free market.

According to the office of Sen. Bam Aquino, the Philippine Competition Act will open the telco industry to new and/or international players among many other industries which has few big players.

In the case of our Internet industry, it will hopefully help in the entry of new players, and will then help us in having more choices, higher quality and cheaper prices for our Internet connection.

The law will penalize unfair practices such as:

* Directly or indirectly fixing, controlling or maintaining of prices
* Setting, limiting, or controlling the production of goods and services to the detriment of consumers

SC-PHCompetition-Ratified-short

Many other industries will be affected, among them the SM Malls which have been doing a lot of anti-competitive practices (pushing Bonus brands over competitors).

Official statement of the Office of Sen. Bam Aquino is posted here.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 984 other subscribers
Avatar for Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

36 Responses

  1. Avatar for denise denise says:

    Kahit naman magkaroon ng iba pang telcos, inaacquire din ng dalawang telco giants dahil natatabunan din, kaya wala ding silbi kahit magkaroon pa ng mga bago. Look at what happened to Islacom and Red Mobile. Ang ABSCBN mobile is a mobile virtual network operator of Globe kaya same thing.

  2. Avatar for robzzzsy robzzzsy says:

    What about tuition fees on Schools and Universities, covered din ba?

    • Avatar for kannuchi kannuchi says:

      Pakibasa po title ng article, pati na yung link sa official statement of the senator.

  3. Avatar for Delacruz Juan Delacruz Juan says:

    Wow! an ingenius political brochure, politicians are evolving

  4. Avatar for butch butch says:

    tagal na ng anti-trust law sa amerika dito sa pilipinas ngayon pa lang magkakaroon ng ganitong batas.

Leave a Reply
JOIN OUR TELEGRAM DISCUSSION

Your email address will not be published. Required fields are marked *