The Philippine Competition Commission (PCC) joins competition authorities worldwide in celebrating World Competition Day (WCD). With the theme “Artificial Intelligence, Consumers, and Competition Policy,” the 16th year of the WCD underscores both the opportunities and risks posed by AI, such as market concentration, algorithmic collusion, and consumer harms like bias and misinformation, while affirming the role of competition policy in safeguarding consumer welfare. Pursuant to Proclamation No.
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The Philippine Competition Commission has identified 3 red flags in determining which government contracts have been rigged to benefit preferred contractors. Atty. Caesar Jose Francisco, litigation division chief of the PCC Competition Enforcement Office, said the Department of Public Works and Highways has referred 12 government infrastructure contracts to the PCC to check for possible rigging. The contract prices range from P80 million to P300 million. | ABS-CBN News
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