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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 26. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: manilabulletin - 🏆 25. / 51 Läs mer »