29 November 2021

1.         Chief Executive of the Competition and Consumer Commission of Singapore (CCCS), Ms. Sia Aik Kor, and Chairperson of the Philippine Competition Commission (PCC)^[1], Dr. Arsenio Balisacan have signed a Memorandum of Understanding (MoU) to facilitate cooperation on competition enforcement between CCCS and PCC.

2.         The MoU signifies the strengthening of the long-standing relationship between both competition authorities. The MoU will enhance effective enforcement of competition laws in Singapore and the Philippines through the establishment of a cooperation framework between both competition authorities. The MoU will also facilitate the exchange of information between CCCS and PCC, as well as enforcement coordination for cases of mutual interest.

4.         Chief Executive, CCCS, Ms. Sia Aik Kor said,

“CCCS and PCC have enjoyed an excellent relationship over the years, with both agencies meeting and engaging each other regularly under the auspices of the ASEAN Experts Group on Competition^[2]. The relationship between the two agencies has also grown through staff attachments and mutual visits.”

5.         A copy of the MoU is available on CCCS’s website^[3].

^[1] The PCC is an independent quasi-judicial body mandated to implement the national competition policy and enforce the Philippine Competition Act, which serves as the primary law in the Philippines for promoting and protecting market competition. For more information, visit www.phcc.gov.ph/.

^[2] The ASEAN Experts Group on Competition (“AEGC”) is an official body comprising representatives from the competition authorities and agencies responsible for competition policy and law in ASEAN Member States. It oversees cooperation activities relating to competition policy and law in ASEAN as well as implementation of measures under the ASEAN Economic Community Blueprint. CCCS represents Singapore at the AEGC and is the Chair of AEGC for 2018.

^[3] www.cccs.gov.sg