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AGRI Party-list Rep. Wilbert T. Lee believes that the Insurance Commission’s (IC) move to increase the minimum catastrophe insurance rates is an anti-competitive policy that will just incentivize cartels while passing on additional burdens to consumers as it will result in soaring prices of basic commodities. The lawmaker from Sorsogon stated this during the Feb. […]
A panel of the House of Representatives approved a measure that would strengthen the Philippine Competition Commission (PCC) by amending some provisions of Republic Act 10667 or the “Philippine Competition Act.” The House Committee on Economic Affairs, chaired by AAMBIS-OWA Partylist Representative Sharon Garin, approved the substitute measure consolidating House Bills 6243 and 5906, which […]