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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 ...
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.
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
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 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 ...
(Reuters) - China's Alibaba said on Friday it had agreed to pay $433.5 million to settle a U.S. class-action lawsuit filed by investors alleging monopolistic practices by the e-commerce giant.
The following table lists Philippine laws that have been mentioned in Wikipedia or are otherwise notable. Only laws passed by Congress and its preceding bodies are listed here; presidential decrees and other executive issuances which may otherwise carry the force of law are excluded for the purpose of this table.
China summoned the Philippines' ambassador on Friday to express its objection to two new laws in the Southeast Asian nation asserting maritime rights and sovereignty over disputed areas of the ...