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Philippine Competition Act
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. The act is intended to ensure efficient and fair market competition among businesses engaged in trade, industry, and all commercial economic activities. It prohibits anti-competitive agreements, abuses of dominant positions, and mergers and acquisitions that limit, prevent, and restrict competition. History A comprehensive competition law was first proposed in the late 1980s during the administration of President Cory Aquino. The Philippines was the only country in ASEAN without a competition law and the integration of ASEAN into a single market was an impetus to pass the act. Philippine Competition Commission The Philippine Competition Commission The Philippine Competition Commission (PhCC) is an independen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republika sang Filipinas * ibg, Republika nat Filipinas * ilo, Republika ti Filipinas * ivv, Republika nu Filipinas * pam, Republika ning Filipinas * krj, Republika kang Pilipinas * mdh, Republika nu Pilipinas * mrw, Republika a Pilipinas * pag, Republika na Filipinas * xsb, Republika nin Pilipinas * sgd, Republika nan Pilipinas * tgl, Republika ng Pilipinas * tsg, Republika sin Pilipinas * war, Republika han Pilipinas * yka, Republika si Pilipinas In the recognized optional languages of the Philippines: * es, República de las Filipinas * ar, جمهورية الفلبين, Jumhūriyyat al-Filibbīn is an archipelagic country in Southeast Asia. It is situated in the western Pacific Ocean and consists of around 7,641 islands t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ASEAN
ASEAN ( , ), officially the Association of Southeast Asian Nations, is a political and economic union of 10 member states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration between its members and countries in the Asia-Pacific. The union has a total area of and an estimated total population of about 668million. ASEAN's primary objective was to accelerate economic growth and through that social progress and cultural development. A secondary objective was to promote regional peace and stability based on the rule of law and the principles of the UN Charter. With some of the fastest growing economies in the world, ASEAN has broadened its objective beyond the economic and social spheres. In 2003, ASEAN moved along the path similar to the European Union (EU) by agreeing to establish an ASEAN community that consists of three pillars: the ASEAN Security Community, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2015 In The Philippines
2015 in the Philippines details events of note that happened in the Philippines in 2015. International events that are connected, or concerned with the Philippines are also included in this significant and important article. The year was designated by the Department of Tourism (Philippines), Department of Tourism as Tourism in the Philippines, Visit the Philippines Year. Incumbents * President of the Philippines, President: Benigno Aquino III, Benigno S. Aquino III (Liberal Party (Philippines), Liberal) * Vice President of the Philippines, Vice President: Jejomar Binay, Jejomar C. Binay Sr. (United Nationalist Alliance, UNA) * Philippine Congress, Congress (16th Congress of the Philippines, 16th): ** Senate of the Philippines, Senate President: Franklin Drilon, Franklin M. Drilon (Liberal) ** House of Representatives of the Philippines, House Speaker: Feliciano Belmonte Jr., Feliciano R. Belmonte Jr. (Liberal) * Supreme Court of the Philippines, Chief Justice: Maria Lourdes S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine Legislation
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republika sang Filipinas * ibg, Republika nat Filipinas * ilo, Republika ti Filipinas * ivv, Republika nu Filipinas * pam, Republika ning Filipinas * krj, Republika kang Pilipinas * mdh, Republika nu Pilipinas * mrw, Republika a Pilipinas * pag, Republika na Filipinas * xsb, Republika nin Pilipinas * sgd, Republika nan Pilipinas * tgl, Republika ng Pilipinas * tsg, Republika sin Pilipinas * war, Republika han Pilipinas * yka, Republika si Pilipinas In the recognized optional languages of the Philippines: * es, República de las Filipinas * ar, جمهورية الفلبين, Jumhūriyyat al-Filibbīn is an archipelagic country in Southeast Asia. It is situated in the western Pacific Ocean and consists of around 7,641 islands t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Competition Law
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust law (or just antitrust), anti-monopoly law, and trade practices law. The history of competition law reaches back to the Roman Empire. The business practices of market traders, guilds and governments have always been subject to scrutiny, and sometimes severe sanctions. Since the 20th century, competition law has become global. The two largest and most influential systems of competition regulation are United States antitrust law and European Union competition law. National and regional competition authorities across the world have formed international support and enforcement networks. Modern competition law has historically evolved on a national level to promote and maintain fair competition in markets principally within the territorial boun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Economic And Development Authority
The National Economic and Development Authority (NEDA; fil, Pambansang Pangasiwaan sa Kabuhayan at Pagpapaunlad) is an independent cabinet-level agency of the Philippine government responsible for economic development and planning. It is headed by the president of the Philippines as chairman of the NEDA board, with the Secretary of Socioeconomic Planning as vice-chairman. A number of Cabinet members, the Governor of the Bangko Sentral ng Pilipinas, the Chairperson of the Metropolitan Manila Development Authority, the Chief Minister of Bangsamoro, the Secretary of Information and Communications Technology, the Chairman of the Subic–Clark Area Development Corporation, and the National President of the Union of Local Authorities of the Philippines are members of the NEDA Board. The agency has been headed by Arsenio Balisacan since June 30, 2022. History and precursor agencies National Economic Council On November 15, 1935, the Commonwealth of the Philippines was inaugurated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arsenio Balisacan
Arsenio Molina Balisacan is a Filipino economist and academic serving as the Secretary of the National Economic and Development Authority (NEDA), the country's independent cabinet-level agency of the government which is responsible for economic development and planning. Prior to his appointment in the agency, he served as the chairperson of Philippine Competition Commission from Feb 1, 2016 to June 30, 2022, also as Philippine Secretary from May 2012 to January 2016 under the administration of President Benigno S. Aquino III. He concurrently served as Secretary of NEDA and as chairman of the boards of the Philippine Statistics Authority, Philippine Institute for Development Studies, Philippine Center for Economic Development, anPublic-Private Partnership Center Prior to his Cabinet appointment, he was professor and dean of School of Economics of the University of the Philippines Diliman and concurrently executive director of the Philippine Center for Economic Development. On se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of The President Of The Philippines
The Office of the President of the Philippines (OP; fil, links=no, Tanggapan ng Pangulo ng Pilipinas), is an administrative, advisory, and consultative government agency that aids the president of the Philippines in performing their duty as head of state and chief of the executive branch of government. The office is housed within the Malacañang Palace complex. History The Office of the President (OP) was created through Administrative Order No. 322, s. 1997. The order was issued following the submission of position papers by the officials of the Department of History of the University of the Philippines, and the Board of National Historical Institute which conducted deliberations and consultations in four meetings held at the Malacañang Palace from May 5 to June 25, 1997. The order established the office retroactively to the date of the date of the Tejeros Convention. The convention was held on March 22, 1897, which saw the election of Emilio Aguinaldo as President of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cory Aquino
Maria Corazon "Cory" Sumulong Cojuangco-Aquino (; ; January 25, 1933 – August 1, 2009) was a Filipina politician who served as the 11th president of the Philippines from 1986 to 1992. She was the most prominent figure of the 1986 People Power Revolution, which ended the two-decade rule of President Ferdinand Marcos and led to the establishment of the current democratic Fifth Philippine Republic. Corazon Aquino was married to Senator Benigno Aquino Jr., who was one of the most prominent critics of President Marcos. After the assassination of her husband on August 21, 1983, she emerged as leader of the opposition against the president. In late 1985, Marcos called for a snap election, and Aquino ran for president with former Senator Salvador Laurel as her running mate for vice president. After the election held on February 7, 1986, the Batasang Pambansa proclaimed Marcos and his running mate Arturo Tolentino as the winners, which prompted allegations of electoral fraud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Congress Of The Philippines
The Congress of the Philippines ( fil, Kongreso ng Pilipinas, italic=unset) is the legislature of the national government of the Philippines. It is bicameral, composed of a lower body, the House of Representatives of the Philippines, House of Representatives, although colloquially the term "Congress" commonly refers to just the latter, and an upper body, the Senate of the Philippines, Senate. The House of Representatives meets in the Batasang Pambansa Complex, Batasang Pambansa in Quezon City while the Senate meets in the GSIS Building in Pasay. The Senate is composed of 24 senators half of which are elected every three years. Each senator, therefore, serves a total of six years. The senators are elected at-large and do not represent any geographical district. In the current 19th Congress of the Philippines, 19th Congress, there are 316 seats in the House of Representatives. The Constitution of the Philippines, Constitution states that the House "shall be composed of not more ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine Competition Commission
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. The Philippine Competition Commission institutes a regulatory environment for market competition in order to protect consumers, whereby they are aimed to be given access to more options over what goods or services to patronize. It would also have the effect of creating competitive businesses that would encourage economic efficiency and innovation. The Philippine Competition Commission was formed on January 27, 2016. Since that time, the Philippine Competition Commission has formed offices through their mandate. __TOC__ History The Philippine Competition Act ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quasi-judicial
A quasi-judicial body is non-judicial body which can interpret law. It is an entity such as an Arbitration, arbitration panel or tribunal, tribunal board, that can be a public administrative agency but also a contract- or private law entity, which has been given powers and procedures resembling those of a court of law or judge, and which is obliged to objectively determine facts and draw conclusions from them so as to provide the basis of an official action. Such actions are able to remedy a situation or impose legal penalties, and they may affect the legal rights, duties or privileges of specific parties.''West's Encyclopedia of American Law'', edition 2. Copyright 2008 The Gale Group, Inc. Powers Such bodies usually have powers of adjudication in such matters as: * breach of discipline * code of conduct, conduct rules * trust in the matters of money or otherwise Their powers are usually limited to a very specific area of expertise and authority, such as land use and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
