PCC 2016 Annual Report: Scaling New Heights
About the theme: Scaling New Heights
Before the Philippine Competition Act (PCA) was enacted in 2015, competition-related policies in the country were widely fragmented. In the absence of a central competition authority, government regulators and agencies were mandated to enforce numerous competition-related laws in their respective sectors or industries. Despite the considerable number and varied nature of competition-related laws in the country, anti-competitive behavior in the market persisted. With the PCA, and the subsequent establishment of the Philippine Competition Commission (PCC), market competition will be taken to new heights. As an independent and quasi-judicial body, PCC sets its sights not only on enforcing the PCA but also on promoting and instilling a culture of competition through advocacy, capacity building, and research. PCC envisions to foster a market economy where businesses compete and consumers benefit.