Philippine Competition Act
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Through ASEAN
History
A comprehensive competition law was first proposed in the late 1980s during the administration of President Cory Aquino.
The Philippines was the only country in ASEAN without a competition law and the integration of ASEAN into a single market was an impetus to pass the act.
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Philippine Competition Commission
The Philippine Competition Commission is an independent, quasi-judicial body created to enforce the act. It is attached to the Office of the President of the Philippines. Five commissioners were appointed to the Philippine Competition Commission and sworn in on January 27, 2015:
- Michael G. Aguinaldo (Chairperson)
- Marah Victoria S. Querol
- Ferdinand M. Negre
- Michael B. Peloton
- Lolibeth R. Medrano
Arsenio Balisacan resigned from his post as Philippine Socioeconomic Planning Secretary and Director General of the National Economic and Development Authority to lead the Philippine Competition Commission. Guevarra left the Commission after he was appointed Senior Deputy Executive Secretary. He was replaced by lawyer Amabelle Asuncion.
In February 2023, President Ferdinand Marcos Jr. appointed Michael Aguinaldo as the new Chairperson of the PCC, replacing former Chairperson Arsenio Balisacan.