#Philippine Competition Act

10667, also known as the Philippine Competition Act. 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. Under the new law, the Philippine Competition Commission (PCC) will be established and will consist of a chairperson, four commissioners and an executive director. In addition to the Philippine Competition Act, the President has also signed the Foreign Ships Co-Loading Act which will reduce logistics costs for producers, create a more efficient import and export system, and lead to lower prices for consumers. 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. 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. Read more in our articles including "Philippine Competition Act signed into law" and "Philippine Competition Act will open the market to new telco players".