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The majority of monopolies linked to Ferdinand Marcos are managed by his close associates, also regarded as cronies by critics. [5] Former First Lady Imelda Marcos insinuated that the Marcoses controlled the majority of the industries in the Philippines. In a 1988 interview, she stated, "We practically own everything in the Philippines—from ...
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 provides for the regulation of the country's markets to curtail anti-competitive behavior and punish cartels and other unfair monopolies. [ 19 ] Under Sec. 3 of RA 10667 , the Commission shall impose this Act against any person or entity engaged in any trade, industry and commerce in the Republic of the Philippines.
The Philippines' exports income had begun growing in the early 1970s due to an increased global demand for raw materials, including coconut and sugar, [1] [15] and the increase in global market prices for these commodities coincided with the declaration of martial law, allowing GDP growth to peak at nearly 9 percent in the years immediately ...
Certain associates of former Philippine President Ferdinand Marcos, historically referred to using the catchphrase "Marcos cronies", [1] [2] [3] benefited from their friendship with Marcos – whether in terms of legal assistance, political favors, or facilitation of business monopolies, during his administration.
According to World Bank data, the Philippines' gross domestic product (GDP) quadrupled from $8 billion in 1972 to $32.45 billion in 1980, for an inflation-adjusted average growth rate of 6% per year. [40] Indeed, according to the U.S.-based Heritage Foundation, the Philippines enjoyed its best economic development since 1945 between 1972 and 1980.
The following table lists Philippine laws that have been mentioned in Wikipedia or are otherwise notable. Only laws passed by Congress and its preceding bodies are listed here; presidential decrees and other executive issuances which may otherwise carry the force of law are excluded for the purpose of this table.
The industry was deregulated in 1995 when President Fidel Ramos signed Republic Act No. 7925 (The Public Telecommunications Policy Act of the Philippines). This law opened the sector to more private players and improved the provision of telecom services are better and fairer rates, [1] leading to the creation of many telecommunication service ...