#virtual pet

In light of 2017 being the 20th anniversary of the virtual pet, toy maker Bandai America is launching a new Tamagotchi. The new virtual pet toys are smaller than the original, but still feature the same egg shape, tiny LCD, and six different shell designs, each including six characters. 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. "Businesses, whether big or small, will now be on equal footing as the law penalizes anti-competitive agreements and abuses of dominant players," said Senator Bam Aquino, co-author and principal sponsor of the measure. Under the new law, the Philippine Competition Commission (PCC) will be established and will consist of a chairperson, four commissioners and an executive director. The PCC will look into anti-competitive behaviors, abuses in dominant positions, and anti-competitive mergers and acquisitions. The independent quasi-judicial body can also impose administrative penalties of a maximum fine of P100 million on the first offense and P250 million for the second offense for anti-competitive agreements and abuses of dominant position. Read more in our articles including "Bandai launches 20th anniversary Tamagotchi" and "Philippine Competition Act signed into law".