President Benigno Aquino III on Tuesday signed the Philippine Competition Act, a piece of legislation which establishes national competition policy in a bid to protect consumers and spur economic development, but previously stalled in Congress in the last two decades.

MANILA, Philippines - A senior administration lawmaker yesterday urged the Senate to pass the Political Parties Reform Bill that would institutionalize reforms in electoral campaign financing, promote fairness and transparency among candidates, and reduce opportunities for graft and corruption.Cagayan de…