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The government also extended military support to Alfonso Lim, with one of his companies enlisting 150 soldiers and 50 security guards. The Philippine Military trained draftees, and Lim paid for their salaries and provided their weapons. [2] Herminio Disini, a Marcos crony known for his tobacco monopoly, also had dealings with agriculture and ...
The Philippine Competition Act (PCA) or Republic Act No. 10667 is the primary competition law of the Philippines. It aims to promote and protect market competition in the country. It protects the well-being of consumers and preserves the efficiency of competition in the marketplace. [3]
The Philippine Competition Commission is an independent, quasi-judicial body created to enforce the act. It is attached to the Office of the President of the Philippines. [6] Five commissioners were appointed to the Philippine Competition Commission and sworn in on January 27, 2015: [7] Michael G. Aguinaldo (Chairperson) Marah Victoria S. Querol
This is why by law, a monopoly is defined as an entity which has significant market power, which includes the ability to charge extremely high prices and prevent the entry of competition.
The Philippine economic nosedive of 1983 traces its roots to debt-driven growth, mostly during Marcos' second term and during the earliest years of martial law. [1] By 1982, the Philippines’ debt was at $24.4 billion, [1] but it had not seen much in terms of returns because of corruption and the poor management of the crony-monopolized ...
President Macapagal, too, aimed at self-sufficiency and the promotion of every citizen's welfare, through the partnership of the government and private sector, and to alleviate poverty by providing solutions for unemployment. Among the laws passed during the Macapagal administration were: Republic Act No. 3844 or the Agricultural Land Reform ...
Last month, the U.S. Department of Justice and several states proposed solutions to fix what it described as Google's illegal search monopoly that included forcing the company to sell Chrome.
Historical Marker for the Abolition of Tobacco Monopoly Laoag City, Ilocos Norte. In 1780, the tobacco monopoly was established, and the Filipinos, especially in the Ilocos and Cagayan Valley were forced to plant tobaccos and were given a specific quota to produce. Initially, tobacco farmers were treated fairly, but in the end, they abhorred ...