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MANILA – Committee chairman Rodrigo Duterte, who revised the 1987 charter, made the competition watchdog a constitutional commission with the power to "break up" monopolies and cartels, his spokesman said Thursday. word. liberalize the economy "and" ensure that no business or family can again control an industry, "said spokesman for the advisory committee Ding Generoso
The Philippine Competition Commission, with a constitutional commission, "It will also be allowed to inspect mergers and acquisitions" so that we can be sure that when companies merge, there will not be any a single company controlling an industry. ", he said.
"If this comes to fruition and the Federal Competition Commission is created, this commission will now have extraordinary powers to examine all kinds of transactions, to ensure that" We, the Filipino consumer, do not suffer ", he told the ANC Early Edition
Established by the Philippine Competition Act in 2014, the CCP is an independent, quasi-judicial body that regulates anti-competitive behavior. Recently investigated the acquisition of Ride-Hage Grab service of his rival, Uber. He suspended his review after Grab made an offer of voluntary commitments to resolve competition concerns.
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