Good competition laws will keep PH economy ‘fair’ — Dominguez
People won’t be scammed in markets with multiple options.
Finance Secretary Carlos Dominguez III threw his all-out support for the Philippine Competition Commission as it celebrated its second year of operations.
The technocrat said a healthy framework for business involves allowing competitors to offer their products and services, which in turn will generate the best deals and lowest prices for the public.
“Competition helps build the just economies we aspire for. These are economies of empowered citizens and analytical consumers. These are economies driven by the passion to do better and to create more value for less cost,” Dominguez said in a speech read for him by Finance Undersecretary Bayani Agabin at the 2018 Manila Forum on Competition in Developing Countries.
In turn, encouraging competition in the local market helps strengthen the Philippine economy given numerous options for consumers and businesses. Everybody wins.