Promise 99: Push for an Anti-Trust Law
Economy | 07/29/2010 5:06 PM
Aquino, in his State of the Nation Address on July 26, asked Congress’s support for an Anti-Trust Law that would guard against monopolies.
" Ayon po sa Saligang Batas, tungkulin ng estado ang siguruhing walang lamangan sa merkado. Bawal ang monopolya, bawal ang mga cartel na sasakal sa kumpetisyon. Kailangan po natin ng isang Anti-Trust Law na magbibigay-buhay sa mga prinsipyong ito. Ito ang magbibigay ng pagkakataon sa mga small- at medium-scale enterprises na makilahok at tumulong sa paglago ng ating ekonomiya."
March 15, 2013: House Speaker Feliciano Belmonte Jr. is confident that Congress will eventually approve the proposed anti-trust bill. He said the legislature “strongly supports initiatives enhancing national policies promoting fair and full competition in all commercial economic activities.” Under the bill, a Philippine Fair Competition Commission would be established to ensure that businesses do not abuse their “dominant position” and do not resort to noncompetitive and unfair arrangements and practices. (Continue reading)