Promise 99: Push for an Anti-Trust Law
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 6, 2015 - After eight Congresses, the House of Representatives has finally terminated debates on an anti-trust bill, moving the country one step closer to the passage of a fair competition or anti-trust law. (Continue reading)
January 1, 2014 - The House of Representatives aims to report to the plenary for debates at least six priority measures, including the proposed amendments to the Bangko Sentral ng Pilipinas law and the Anti-Trust Bill in the coming weeks. (Continue reading)
June 4, 2013 - President Aquino asked his party mates to help ensure a closer working relationship between Malacañang and the 16th Congress to push his reform agenda. The Philippine Chamber of Commerce and Industry sought the passage of economic measures, particularly the anti-trust bill, to level the playing field, attract job-generating investment and sustain economic growth. (Continue reading)
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)