2023 Annual Report: Off to a Fast Start
The new leadership at the Philippine Competition Commission (PCC) hit the ground running in 2023. Amid rising food prices, the PCC pitched in to the whole-of-government approach to combat inflation as it conducted its first-ever dawn raid against an alleged onion cartel. To cover more ground, it established new investigation stations and laid down novel measures to regulate competition in the digital era. The agency also ramped up merger reviews as the economic recovery fueled dealmaking among businesses. With the recovery from the pandemic slowdown opening up new avenues for strategic partnership, the PCC kicked off its champions program, as well as policy dialogues with key regulators amid the rollout of the National Competition Policy.
As new challenges emerge alongside continuous efforts to address market inefficiencies, the PCC stands ready to promote and protect fair market competition.
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