2 weeks PCC cites SC ruling leveling field for foreign, local contractors MB |Biz
The Philippine Competition Commission (PCC) cited the Supreme Court’s (SC) ruling declaring certain anti-competitive regulations implementing the Contractors’ License Law unconstitutional, paving a level playing field for local and foreign firms to undertake construction activities in the Philippines.   In a 14-1 vote, the high court voided the nationality requirement in licensing rules set by the Philippine Contractors Accreditation Board (PCAB). “With the regulatory barrier struck down, competition among contractors should fall squarely on merit and not based on undue advantage based on nationality alone,” said PCC in a statement. The PCC, which is chaired by Commissioner Arsenio Balisacan, also ... more