Presidential Spokesperson Ernesto Abella and Philippine Competition Commission (PCC) Chairman Arsenio Balisacan held a press briefing yesterday with the Malacañang Press Corps (MPC) at the New Executive Building in Malacañang.

Balisacan said “As the country’s antitrust body, we endeavor to crack down on cartels, break up monopolies, penalize and fine companies that are found guilty of anti-competitive behaviors.

The Competition Act is a game-changer for the Philippine economy. With the PCC as its main enforcer, we intend to leverage the powers vested in us by this law to hasten economic growth and enable the spread of this growth to all Filipinos.”