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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.
Republic Acts - AN ACT PROVIDING FOR A NATIONAL COMPETITION POLICY PROHIBITING ANTI-COMPETITIVE AGREEMENTS, ABUSE OF DOMINANT POSITION AND ANTI-COMPETITIVE MERGERS AND ACQUISITIONS, ESTABLISHING THE PHILIPPINE COMPETITION COMMISSION AND APPROPRIATING FUNDS THEREFOR.
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
3 lip 2019 · When businesses subvert the market and agree to fix prices and restrict competition, they are engaging in anticompetitive behavior that often leads to higher prices for end-consumers or less incentive for businesses to innovate.
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.
9 paź 2013 · THE PRICE ACT. AN ACT PROVIDING PROTECTION TO CONSUMERS BY STABILIZING THE PRICES OF BASIC. NECESSITIES AND PRIME COMMODITIES AND BY PRESCRIBING MEASURES AGAINST UNDUE. PRICE INCREASES DURING EMERGENCY SITUATIONS AND LIKE OCCASIONS. Sec. 1. Short Title. – This Act shall be referred to as the “ Price Act.”. Sec. 2.
Without genuine competition, a handful of products and suppliers could end up controlling the market through anti-competitive practices such as fixing prices, restricting supplies, and abusing...
