Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

PCC turns to AI to detect uncompetitive behavior

by
September 24, 2024
in Top News
0
PCC turns to AI to detect uncompetitive behavior
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter

ARTIFICIAL INTELLIGENCE (AI) can help the government detect business activity that violates competition law, the Philippine Competition Commission (PCC) said.

“In terms of performing our mandate, I think the application of AI can help us monitor all possible business activity,” PCC Executive Director Kenneth V. Tanate told BusinessWorld on the sidelines of a forum on Tuesday.

AI can help monitor the production and entry of goods into the country and spot trends indicative of uncompetitive behavior, he said.

“If we see that there is a competition issue, through Generated AI information, we can easily investigate. We can pinpoint businesses that may commit violations of Philippine competition law.”

To accelerate the public’s adoption of AI, legislators must prioritize the passage of the Konektadong Pinoy bill, National Economic and Development Authority (NEDA) Undersecretary Krystal Lyn T. Uy said.

“AI needs internet to use. If many parts of the country are unconnected, then they will be unable to use the technology,” she said on the sidelines of the forum.

Previously called the proposed Open Access in Data Transmission Act, the measure seeks to provide affordable internet access by promoting fair competition and removing barriers to entry in the data transmission sector.

House legislators already approved the measure in December, while it awaits second reading at the Senate.

Only 33% of households have access to fixed broadband, with only 70% of the population with an active mobile broadband subscription, the World Bank said in a blog.

In the Philippines, the cost of fixed broadband charges represents 11% of per capita gross national income — double the ASEAN (Association of Southeast Asian Nations) average. 

The Philippines may unlock value estimated at P2.6 trillion annually if domestic business can introduce AI to their daily operations, NEDA Secretary Arsenio M. Balisacan said in July. — Beatriz Marie D. Cruz

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post

US biotech firm expands footprint in Philippines

Recommended

SM eyes increased sales as prices ease in 2025

SM eyes increased sales as prices ease in 2025

December 26, 2024
Guild Esports, backed by David Beckham, faces financial crisis after burning through £26.6M

Guild Esports, backed by David Beckham, faces financial crisis after burning through £26.6M

August 2, 2024
Benguet vegetables saved

Benguet vegetables saved

August 6, 2024
Malayan Insurance expects losses from typhoons to dent 2024 income

Malayan Insurance expects losses from typhoons to dent 2024 income

January 1, 2025
The most common online casino issues and complaints

The most common online casino issues and complaints

December 30, 2024
[B-SIDE Podcast] Amplifying brands: leveraging podcasts for business growth

[B-SIDE Podcast] Amplifying brands: leveraging podcasts for business growth

November 4, 2024

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Prince Silver

    Prince Silver

    March 11, 2026
    Questcorp Mining Completes Induced Polarization Survey at the Marisa Zone – North Island Copper Project

    Questcorp Mining Completes Induced Polarization Survey at the Marisa Zone – North Island Copper Project

    March 11, 2026
    Byron King: Gold, Silver, Oil/Gas — Stock Ideas and Strategy Now

    Byron King: Gold, Silver, Oil/Gas — Stock Ideas and Strategy Now

    March 10, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved