{"id":121757,"date":"2017-10-06T00:01:07","date_gmt":"2017-10-06T04:01:07","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=121757"},"modified":"2017-10-06T00:01:07","modified_gmt":"2017-10-06T04:01:07","slug":"pcc-ensures-promoting-competition-in-ph-market-2","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/10\/06\/pcc-ensures-promoting-competition-in-ph-market-2\/","title":{"rendered":"PCC ensures promoting competition in PH market"},"content":{"rendered":"<figure id=\"attachment_121639\" aria-describedby=\"caption-attachment-121639\" style=\"width: 490px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/Seal-of-the-Philippine-Competition-Commission-PCC.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-121639\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/Seal-of-the-Philippine-Competition-Commission-PCC.png\" alt=\"Seal of the Philippine Competition Commission (PCC) (Photo: Philippine Competition Commission - Philippine Competition Commission, Public Domain)\" width=\"490\" height=\"490\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/Seal-of-the-Philippine-Competition-Commission-PCC.png 490w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/Seal-of-the-Philippine-Competition-Commission-PCC-150x150.png 150w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/Seal-of-the-Philippine-Competition-Commission-PCC-300x300.png 300w\" sizes=\"auto, (max-width: 490px) 100vw, 490px\" \/><\/a><figcaption id=\"caption-attachment-121639\" class=\"wp-caption-text\">Seal of the Philippine Competition Commission (PCC) (<a href=\"https:\/\/commons.wikimedia.org\/w\/index.php?curid=60332242\">Photo: Philippine Competition Commission &#8211; Philippine Competition Commission, Public Domain<\/a>)<\/figcaption><\/figure>\n<p>MANILA &#8212; The Philippine Competition Commission (PCC) has ensured to continue promoting competition in the local market as the country improved its ranking in the latest Global Competitiveness Report of the World Bank.<\/p>\n<p>In a statement Thursday, PCC Chairman Arsenio Balisacan said the country\u2019s improvement in the global competitiveness index translates to an upbeat outlook of investors who are interested to enter and compete in the Philippine market.<\/p>\n<p>\u201cThis sets the stage for the business community to feel the impact of the competition law,\u201d Balisacan added.<\/p>\n<p>He stressed the need for the PCC to push for reforms to further enhance competition in the local market.<\/p>\n<p>\u201cWe recognize that competition is a key driver of competitiveness. When real competition is in effect, the economy bears witness to the benefits of their efficiency and, by extension, their competitiveness. And with real competition comes more affordable goods and services and better choices for consumers,\u201d he noted.<br \/>\n\u201cNow that PCC is here, the challenge is to secure significant reforms that will address the weaknesses in the current competition landscape, thereby promoting inclusive growth and consumer welfare,\u201d said the PCC chief.<\/p>\n<p>Last week, the World Economic Forum released the Global Competitiveness Report \u200e2017-2018, wherein the Philippines has leaped one notch from rank 56 to rank 57 in the previous year.<\/p>\n<p>The Philippines also recorded its highest score in the past decade in terms of intensity of local competition with a score of 5.3, an increase from a score of 5.2 in 2016 and 5.0 in 2007.<\/p>\n<p>\u201cThis is the highest score we have ever achieved in the last decade and we are optimistic that the coming years will see better numbers as the enforcement of the competition law gains traction,\u201d Balisacan said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; The Philippine Competition Commission (PCC) has ensured to continue promoting competition in the local market as the country &hellip;<\/p>\n","protected":false},"author":33,"featured_media":121639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[26252,26253,14545,3495],"class_list":["post-121757","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-arsenio-balisacan","tag-global-competitiveness-report-2017-2018","tag-philippine-competition-commission","tag-world-economic-forum","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/121757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=121757"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/121757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/121639"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=121757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=121757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=121757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}