Question & AnswerQ&A (PROCLAMATION NO. 384)
The 5th of December of every year is declared as National Competition Day.
The Department of Justice is designated as the Competition Authority under Executive Order No. 45 (s. 2011).
The Office for Competition was created under the Department of Justice.
Sections 13 and 19, Article XII of the 1987 Constitution guide the State's trade policy.
The Constitution requires the State to regulate or prohibit monopolies when the public interest so requires.
The main objective is to observe and promote competition policy and to highlight the benefits of competitive markets and the harmful effects of anti-competitive practices.
The experience of the Association of South East Asian Nations (ASEAN) influenced the observance.
The DOJ-Office for Competition is tasked with planning and implementing activities for National Competition Day.
National Competition Day aligns with the observance of World Competition Day.