News Formal

Pandemic risks 'distorting' market competition: antitrust watchdog

  • 📰 ANCALERTS
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 50%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Pandemic risks 'distorting' market competition: antitrust watchdog COVID19

MANILA - The Philippine Competition Commission said Thursday the COVID-19 pandemic highlighted the need for policies that protect small businesses.

Anti-competitive behaviors during a crisis such as untimely mergers and acquisitions might advantage of closing firms, PCC chairman Arsenio Balisacan told ANC. "There is risk of lessening competition and distorting market structures due to public responses to the crisis. Competitive processes during the recovery build robust foundation for sustained and inclusive growth," Balisacan said.

The PCC was asked to comment on stimulus bills that are pending in Congress, Balisacan said. It is also working with lawmakers on competition law and policy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OVP expands online market service to Pasig CityVice President Leni Robredo’s office has expanded its e-market project to cover 12 areas in Pasig City amid the coronavirus pandemic.
Source: manilabulletin - 🏆 25. / 51 Read more »