Unfair laws distort competition-Kaira
Friday, October 23, 2015
Kaira
Competition Authority (CA) chief executive officer, Thula Kaira stated at press briefing on Tuesday that competition can be distorted not just by business conduct, but also by laws and policies that are in place.
“Such laws and policies may be discriminatory in application and/or create entry conditions that frustrate competition,” he said.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...