DTI, PCC ink pact for info sharing

THE Department of Trade and Industry (DTI) and thePhilippine Competition Commission (PCC) on Friday signed a memorandum of agreement (MoA) on information sharing and cooperation to boost competition and promote consumer welfare. -

want to be assured that there is a good number of players.” He added that competition resulted in competitive prices and would put cartels in check.

Arsenio Balisacan said policies of the two agencies were related. Cooperation between them is needed

“The effectiveness [of our policy] is so much conditioned with other policies of agencies [on trade

Balisacan said.

scheme is set in place to allow information sharing on matters relating to their operations. “Where one party receives or otherwise becomes aware of any matter that falls within the jurisdiction of the other party or the regulatory mandate of both par-

shall promptly inform the other party of such matter.”

be able to provide the information requested which is subject to the tenors of the Data Privacy Act and

the BSP’s projected growth rate of 3.0 percent for the year — to MoA said. The information and documents asked should be “relevant and necessary to the effective enforcement” of the memoran-

In case a party asks for assistance

should help on the matter relating to the Philippine Competition Act

that it is within the limitations of the party helping.

The MoA also states that “Subject to resource and operational con-

activities for the purpose of promoting coordination and cooperation under this agreement.” remittances for the year came from Commenting on the latest - re-