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The government also extended military support to Alfonso Lim, with one of his companies enlisting 150 soldiers and 50 security guards. The Philippine Military trained draftees, and Lim paid for their salaries and provided their weapons. [2] Herminio Disini, a Marcos crony known for his tobacco monopoly, also had dealings with agriculture and ...
The Philippine Competition Commission is an independent, quasi-judicial body created to enforce the act. It is attached to the Office of the President of the Philippines. [6] Five commissioners were appointed to the Philippine Competition Commission and sworn in on January 27, 2015: [7] Michael G. Aguinaldo (Chairperson) Marah Victoria S. Querol
The Philippine Competition Act (PCA) or Republic Act No. 10667 is the primary competition law of the Philippines. It aims to promote and protect market competition in the country. It protects the well-being of consumers and preserves the efficiency of competition in the marketplace. [3]
Massive lending from commercial banks, accounting for about 62% percent of external debt, allowed the GDP of the Philippines to rise during martial law. [72] Much of the money was spent on pump-priming to improve infrastructure and promote tourism. However, despite the aggressive borrowing and spending policies, the Philippines lagged behind ...
As required by the Bell Trade Act, a plebiscite was held in the Philippines to amend the Philippine Constitution to provide for "parity rights" between American and Philippine citizens. Prior to the plebiscite, the Constitutional amendment had to be approved by the Philippine Congress, which required a 3/4 vote by the Philippine House and ...
Google’s app store practices violate US antitrust law and the search giant has illegally operated a monopoly in Android app distribution, a federal jury said Monday evening. Federal jury says ...
Economist Murray Rothbard, noted for his espousal of anarcho-capitalism, argues that the state itself is a coercive monopoly as it uses force to establish "a compulsory monopoly over police and military services, the provision of law, judicial decision-making, the mint and the power to create money, unused land ('the public domain'), streets ...
A monopoly has considerable although not unlimited market power. A monopoly has the power to set prices or quantities although not both. [37] A monopoly is a price maker. [38] The monopoly is the market [39] and prices are set by the monopolist based on their circumstances and not the interaction of demand and supply. The two primary factors ...