PH better with more players in Internet, telco sector — Bam

In celebration of the World Competition Day, Sen. Paolo Benigno “Bam” Aquino IV said the Senate is moving forward with measures to remove barriers to competition in telecommunications and data transmission services.

aquino

Aquino said the Senate committee that chairs will tackle Senate Bill No. 171, otherwise known as the Open Access in Data Transmission Bill, next week.

“The price of Internet service in our country has been tagged as one of the most expensive in our region. Healthy competition is our best bet to promote affordability and finally improve services for the Filipino consumers,” said Aquino, who is the principal sponsor and co-author of Republic Act 10667 or the Philippine Competition Act in the Senate during the 16th Congress.

It was during Aquino’s tenure as chairman of the Committee on Trade, Commerce and Entrepreneurship that the Philippine Competition Act was passed into law. The landmark legislation took 25 years to pass.

The Philippine Competition Act is expected to eliminate cartels, and penalize anti-competitive agreements and abuses of dominant players in the markets that lead to high prices of goods and services.

In addition, the law promotes a culture of healthy competition that inspires ingenuity, creativity, and innovation in addressing market needs.

The measure will also prohibit anti-competitive agreements and abuses of dominant position that distort, manipulate, or constrict the operations of markets in the Philippines.

Comment on this post