Philippine Competition Commission (PCC) Chairman Arsenio Balisacan has defended the Philippine Competition Act, debunking claims that the new competition law will be a burden to companies and enterprises due to additional requirements by the commission.

Responding to concerns from some business groups that the new law would add ‘red tape’ to the process of investing, Balisacan explained, “Clearly, the intention of the law is to make the business environment as conducive to investments as possible, providing a level playing field for all participants regardless of their size, and for the micro, small and medium enterprises (MSMEs) to be able to thrive and grow to become big players.”

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