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​Philippine competition watchdog supports relaxing foreign ownership limits

( September 28, 2016, 02:42 GMT | Insight) -- Philippine Competition Commission Chairman Arsenio Balisacan said in a briefing with reporters that the regulator will study the mandated constitutional limits to foreign ownership in support of the administration’s goal of relaxing these restrictions, GMA News reports.Philippine Competition Commission Chairman Arsenio Balisacan said in a briefing with reporters that the regulator will study the mandated constitutional limits to foreign ownership in support of the administration’s goal of relaxing these restrictions, GMA News reports. He said the PCC plans to finish the study by the first quarter of 2017, parallel to the release of the National Competition Policy Review, which will identify areas of the economy where competition is most challenged. He also said the Philippines could expect more mergers and acquisitions as well as foreign direct investment ahead, despite concerns over President Rodrigo Duterte’s controversial statements, according to the Philippine Star....

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