Sunday, March 26, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Money

Anti-trust body seeks more partners in govt

Julito G. RadabyJulito G. Rada
December 24, 2017, 6:35 pm
in Money
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

THE Philippine Competition Commission, mandated under the Philippine Competition Act to review mergers and acquisitions, is seeking more partnerships with other government agencies next year.

Chairman Arsenio Balisacan, in a briefing at the sidelines of the signing of an agreement with Bangko Sentral ng Pilipinas Friday, said the partnerships would foster competition among businesses.

“We have partnered with the Securities and Exchange Commission, Commission on Audit, Philippine Statistics Authority and now the BSP.  There are still a number of agencies lined up for next year,” Balisacan said.

He said the tie-up with Bangko Sentral would foster competition amid the changing landscape of the banking industry. Balisacan and BSP Governor Nestor Espenilla Jr. signed the agreement.

ADVERTISEMENT

“The PCC and BSP have common interests in the regulation of bank and non-bank financial institutions. In regulating banks, the PCC acknowledges that while financial institutions serve as the intermediary for money, banking and credit that businesses rely on, they themselves operate as businesses, too,” Balisacan said.

“This partnership is a strong push towards efficient regulatory approach concerning the banking and financial industry. BSP’s mandate is in promoting and maintaining stability in the monetary and financial system, while PCC’s obligation is in promoting free and fair competition,” he said.

Bangko Sentral, being the country’s monetary authority, provides policy directions in the areas of money, banking and credit. It supervises operations of banks and exercises regulatory powers over non-bank financial institutions with quasi-banking functions.

The PCC, being the anti-trust and competition authority, is mandated to prohibit anticompetitive conduct, agreements, or mergers, and impose administrative penalties on erring institutions or individuals across industries, including the banking and financial sector.

Tags: Anti-trustPhilippine Competition Commission
ADVERTISEMENT
Julito G. Rada

Julito G. Rada

Related Posts

Liquid financial system gives BSP room to increase interest rates—HSBC

byJulito G. Rada
March 22, 2023, 7:35 pm
0
8
HSBC PH names new president, CEO

By Julito G. Rada Hongkong and Shanghai Banking Corp. said Wednesday the liquid domestic financial system is giving the Bangko...

Read more

BSP’s term deposit facility fetches higher rates

byJulito G. Rada
March 22, 2023, 7:10 pm
0
8
Policy rate kept at 2% in MB’s last meeting this year

The P280 billion offered by the Bangko Sentral ng Pilipinas in its weekly term deposit facility auction on Wednesday was...

Read more

Medalla: Local banks to withstand shocks from US lenders’ collapse

byJulito G. Rada
March 20, 2023, 8:00 pm
0
8
Electric cars gain record market share in European Union

Bangko Sentral ng Pilipinas Governor Felipe Medalla said Monday the strong domestic banking system can withstand the possible shocks from...

Read more

PNB reported P11.6-billion net income in 2022

byJulito G. Rada
March 20, 2023, 7:20 pm
0
8
PNB eyeing new license to operate a digital bank

Philippines National Bank said Monday net income fell 63 percent in 2022 to P11.6 billion from P31.69 billion in 2021...

Read more

Bank marketers group seeks stronger tieup with BSP

byJulito G. Rada
March 16, 2023, 6:55 pm
0
8
Social media frenzy causes bank-busting panic, collapse

The Bank Marketing Association of the Philippines wants a stronger partnership with the Bangko Sentral ng Pilipinas in 2023 in...

Read more

Remittances increased by 3.5% to $2.76b in first month of 2023

byJulito G. Rada
March 15, 2023, 7:20 pm
0
8
Policy rate kept at 2% in MB’s last meeting this year

Remittances continued to rise in 2023, following a 3.6-percent growth in 2022 that supported the recovery of the economy. The...

Read more

Print Edition

View More

Recent Posts

  • Mangyans get S&T livelihood projects
  • Orani mayor: Dialysis Center to rise in town
  • 34 more students hospitalized after Cabuyao school fire drill
  • Cooling off
  • Ping: Paid menstrual leave may do more harm
  • Siege of Lipa
  • Residents say ‘yes’ to SJDM split into four
  • Go supports bill on cash gifts to more seniors

Advertisement

Latest News

Siege of Lipa

byDanny Pata
March 26, 2023, 10:03 pm
0
8
Ping: Paid menstrual leave may do more harm

Members of the Republica Filipina Reenactment Group reenact Katipuneros using a Spanish bronze cannon during the siege of Lipa in...

Read more

Residents say ‘yes’ to SJDM split into four

byManila Standard
March 26, 2023, 10:00 pm
0
8
Kin of drug war victims ask ICC to resume probe

Residents of Barangay Muzon in San Jose Del Monte, Bulacan approved the split of the village into four, the Commission...

Read more

Go supports bill on cash gifts to more seniors

byMacon Ramos-Araneta
March 26, 2023, 9:55 pm
0
8
Tolentino lone guest at PSA’s online forum

Senator Bong Go said he is supporting a proposed measure which will allow senior citizens over the age of 80...

Read more

Lawmakers propose solutions to medical act impasse

byRio N. Araja
March 26, 2023, 9:50 pm
0
8
Kin of drug war victims ask ICC to resume probe

Two ranking members of the House of Representatives have proposed solutions to the impasse on proposed legislation to replace the...

Read more

Party-list lawmaker files House measure to expand powers of nutrition council

byRio N. Araja
March 26, 2023, 9:45 pm
0
8
Nutritional info on food service menus pushed

Agri Party-list Rep. Wilbert T. Lee filed a measure to expand the powers and functions of the National Nutrition Council...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App