Philippine Competition Act | |
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Congress of the Philippines | |
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Citation | Republic Act 10667 |
Territorial extent | Philippines |
Enacted by | House of Representatives |
Enacted by | Senate |
Signed by | Benigno Aquino III |
Signed | July 21, 2015 |
Status: In force |
The Philippine Competition Act, officially designated as Republic Act No. 10667, is a Philippine law that was signed into law by President Benigno Aquino III on July 21, 2015, and established the quasi-judicial Philippine Competition Commission to enforce the act.[1][2][3][4] The act is intended to ensure efficient and fair market competition among businesses engaged in trade, industry, and all commercial economic activities.[3] It prohibits anti-competitive agreements, abuses of dominant positions, and mergers and acquisitions that limit, prevent, and restrict competition.[5]
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