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In the Philippines, price fixing between or among competitors is likewise per se prohibited, as provided under Section 14(a)(1) of the PCA. Violation of this provision carries the penalty of fine and imprisonment.
The PCA prohibits entering into anti-competitive agreements (e.g., price fixing, bid rigging), abusing a dominant market position, and entering into anti-competitive mergers and acquisitions (M&As). The PCA covers any person or entity engaged in trade, industry, and commerce in the Philippines. It also applies to international trade that may
The Philippine Competition Act (PCA) or R.A. 10667 is the primary competition law of the Philippines for promoting fair competition in the marketplace and protecting well-being of consumers in the process. The PCA was passed in 2015 after languishing in Congress for 24 years.
Here are some anti-competitive practices that can be harmful for consumers: Price Fixing Price Fixing Businesses agree to directly or indirectly fix purchase or selling price. Under fair market competition, the dynamics of supply and demand determine the prices of goods and services.
Key aspects of the new law. Prohibits entities from entering into anti-competitive agreements. Prohibits abuse of their dominant position by entities. Sets out a framework for the compulsory notification of mergers and acquisitions where the value of the transaction exceeds PHP1 billion (approximately USD21.7 million) .
In the Philippines, anti-competitive practices like price-fixing, predatory pricing, and bid rigging are prohibited. The government enforces laws to promote fair competition, protect consumers, and ensure a level playing field for businesses.
8 cze 2010 · The law prohibits anti-competitive agreements,1 including those that restrict competition as to price, and those that fix prices at an auction or bidding process. Under Section 4 of the PCA, an...
