SECTION 1. Designation of Competition Authority. The DOJ is hereby designated as the Competition Authority with the following duties and responsibilities:
a. Investigate all cases involving violations of competition laws and prosecute violators to prevent, restrain and punish monopolization, cartels and combinations in restraint of trade;
b. Enforce competition policies and laws to protect consumers from abusive, fraudulent, or harmful corrupt business practices;
c. Supervise competition in markets by ensuring that prohibitions and requirements of competition laws are adhered to, and to this end, call on other government agencies and/or entities for submission of reports and provision for assistance;
d. Monitor and implement measures to promote transparency and accountability in markets;
e. Prepare, publish and disseminate studies and reports on competition to inform and guide the industry and consumers; and
f. Promote international cooperation and strengthen Philippine trade relations with other countries, economies, and institutions in trade agreements.
(Note: We hope Congress would soon pass the ANTI-TRUST LAW OF THE PHILIPPINES).
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