THE COUNTRY`S competition policies must be reformed for fairness, the Philippine Institute for Development Studies (PIDS) said in a press release on Sunday.
“Competition policy reforms should be in place to level the playing field and prevent powerful interest groups and individuals from controlling the market,” PIDS said in the press release. The state think tank last week held a forum on competition reform with civil society groups Consumer Unity and Trust Society International and Action for Economic Reforms. At the forum, Justice Assistant Secretary and Office for Competition Head Geronimo L. Sy “confirmed the anti-competitive practices of powerful Filipino businessmen and revealed that a Filipino-Chinese business tycoon once used his influence to restrict the 13th Philippine Congress in passing a competition bill.”
