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Philippine service contractors group settles with regulator to address anti-competitive practices

( October 10, 2024, 09:52 GMT | Official Statement) -- MLex Summary: The Philippine Competition Commission has accepted a 1.5-million-peso ($26,100) settlement from the Philippine Association of Legitimate Service Contractors, or Palscon, to address potential anti-competitive agreements in the organization. The settlement follows an investigation into Palscon's Code of Ethics, which contained provisions that could limit competition among its members. As part of the settlement, Palscon will revise its Code of Ethics, conduct competition law training for its members, and appoint a compliance officer to ensure adherence to competition laws.The full statement follows:...

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