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The majority of monopolies linked to Ferdinand Marcos are managed by his close associates, also regarded as cronies by critics. [5] Former First Lady Imelda Marcos insinuated that the Marcoses controlled the majority of the industries in the Philippines. In a 1988 interview, she stated, "We practically own everything in the Philippines—from ...
Certain associates of former Philippine President Ferdinand Marcos, historically referred to using the catchphrase "Marcos cronies", [1] [2] [3] benefited from their friendship with Marcos – whether in terms of legal assistance, political favors, or facilitation of business monopolies, during his administration.
The Philippine Competition Act provides for the regulation of the country's markets to curtail anti-competitive behavior and punish cartels and other unfair monopolies. [ 19 ] Under Sec. 3 of RA 10667 , the Commission shall impose this Act against any person or entity engaged in any trade, industry and commerce in the Republic of the Philippines.
In economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement.
11. Thurn and Taxis Mail. The private company operated postal service back in the 1800s and enjoyed a monopoly on postal services. The company's dominance came to an end after Prussian victory ...
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
Gov. Gavin Newsom once talked big about forcing internet giants to pay for the products they heist and profit off. But last week he scuttled legislation to require payment for news stories.
Historical distortion regarding Ferdinand Marcos is a political phenomenon in the Philippines. Ferdinand Marcos was the country's president between 1965 and 1986.Distortion, falsification, or whitewashing of the historical record regarding this period, [1] [2] sometimes referred to using the phrases "historical denialism", "historical negationism", or "historical revisionism" as a euphemism ...