The Philippine Competition Commission (PCC) will organize the 2019 Forum on Competition in Developing Countries (“2019 FCDC”) to discuss competition issues faced by the Philippines and other developing economies amid disruptive technological change. As countries climb the development ladder, innovations that drive the emergence of Industry 4.0 offer many unique opportunities to fast-track progress towards the technological frontier. Although platform technologies and applications boost market access and productivity especially for small market players or traditional sectors such as agriculture, innovations may also strengthen the market power of incumbent or dominant players.
The 2019 FCDC serves as a platform of discourse for competition authorities, sector regulators, industry players, and renowned experts on competition law and policy from the ASEAN+3 region. Focusing on the features of the local competition landscape, the 2019 FCDC will delve into the opportunities for small market players and risks to market competition that accompany technological disruptions. The 2019 FCDC will also explore ways by which competition authorities can effectively work with sector regulators amid dynamic and emerging business models that change how markets operate.
Welcome Remarks: Arsenio Balisacan, Chairman,Philippine Competition Commission
Technological Disruption: Issues and Challenges in Market Competition
The development of technologically sophisticated markets such as platforms has increased market efficiency by facilitating greater alignment between consumers’ preferences and production, as well as reducing transactions costs. In developing economies, platforms and electronic payment systems have allowed smaller players, entrepreneurs, and new market entrants to compete and grow at a rapid pace. Against this backdrop, how should competition authorities in developing economies deal with market dominant innovators vis-à-vis start-up companies with potential to grow quickly? What are the risks to market competition that must be guarded against and which must be anticipated by competition authorities and sector regulators?
Emmanuel Esguerra, Professor,
University of the Philippines School of Economics (TBC)
Ramon del Rosario, Jr., President and CEO, Philippine Investment Management, Inc.
Erika Fille Legara, Associate Professor, Asian Institute of Management
Rafaelita Aldaba, Assistant Secretary, Department of Trade and Industry
Tan Hi Lin, Director, Policy and Markets Division, Competition and Consumer Commission of Singapore
Raul Fabella, Professor Emeritus, University of the Philippines School of Economics
The Race between Platform Technologies and Competition Authorities
Electronic platforms have changed how businesses operate. New technologies can lend themselves to risks of anti-competitive conduct by entrenched market incumbents through algorithmic collusion, foreclosure and the exploitation of network effects. While the general principles of effective competition policy and regulation remain informative, there may be a need to reassess the tools of competition authorities and regulators especially in developing economies.
How can competition authorities and sector regulators keep pace with the rise of disruptive technologies without stifling the incentive of firms to innovate? Do the existing analytical tools sufficiently address these innovation-enabled abuses?
Johannes Benjamin Bernabe, Commissioner,
Philippine Competition Commission
Rosemarie Edillon, Undersecretary for Policy and Planning, National Economic and Development Authority
Lito Villanueva, Managing Director, FINTQnologies Corp.
Albert Tinio, President and CEO, G-Xchange Inc. (GCash)
Kurnia Toha, Chairman, Indonesian Business Competition Supervisory Commission
Nasarudin Bin Abdul Rahman, Member of the Commission, Malaysia Competition Commission
Amabelle Asuncion, Commissioner, Philippine Competition Commission
Head, Macroeconomics, Trade, and Investment Global Practice for Southeast Asia and Pacific Region,
The World Bank Group