MARCH 2019 | International Law Alerts | International Economic Law

A new study by the World Bank showed lack of competition in the Philippine market continues to hamper the country’s economic growth. But the Philippine antitrust body insists, reforms are already underway to address the issue of monopolies in key markets.

The World Bank is calling for greater market competition in power, transport, telecommunication and professional services, saying greater diversity in these sectors can boost economic growth by 0.2 percentage point annually.