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10667, otherwise known as the Philippine Competition Act ("PCA"), has been regarded to be revolutionary and game-changing. Almost three decades in the making, This Act shall be enforceable against any person or entity engaged in any trade, industry and commerce in the Republic of the Philippines. The Competition Act establishes the Philippines' first consolidated framework on competition policy, and has been over 20 years in the making. The Competition Are competition laws essential to achieve competition policy objectives, in the Philippines which does not yet have a competition commission, the.The Act seeks to (i) enhance economic efficiency and promote free and fair competition in trade, industry and all commercial activities; (ii) prevent economic It involves the regulation of the continuous struggle of companies for superiority by attempting to maintain fair competition so that all people and companies. The Philippine Competition Act (Republic Act No. 10667) and its Implementing Rules and Regulations. Republic Act No. 10667 (Philippine Competition Act).