PCC five years on
The Philippine Competition Commission commemorated the fifth anniversary of its establishment on February 1 without much of a celebration. We have the pandemic to blame for that, even though the agency has continued to function and carry out its mandate during the past year’s lockdown. It is a bit of a shame because the PCC has been, in the five years of its existence, lauded in international circles for the quality of its rules and guidelines, and the soundness of its decisions particularly in the review of large mergers and acquisitions. Notably, as early as its third year, the PCC had been featured in the 2019 Global Trends Monitor published by PaRR, a competition news and analysis company, as the fifth-ranked competition agency in the Asia-Pacific region in terms of merger review, anti-trust enforcement and policy development.