Balisacan takes oath as competition commission head

Arsenio Balisacan takes his oath as Philippine Competition Commission at the Malacañang Palace. PHOTO FROM MALACAÑANG

Secretary Arsenio Balisacan, former National Economic and Development Authority (Neda) director, took his oath of office as chairperson of the Philippine Competition Commission before President Benigno Aquino III on Wednesday.

A photo released to Palace reporters showed Aquino administering the oath in one of the rooms in Malacañang.

READ: Balisacan to head competition agency

The oathtaking supposedly transpired just before noon on Wednesday and after Aquino held a private meeting with Japan Emperor Akihito and Empress Michiko.

Palace on Monday announced that Balisacan is also taking on the role as chairperson of the PCC, with a term of seven years.

Appointed as commissioners of PCC are Stella Alabastro-Quimbo, Johannes Bernabe, Elcid Butuyan and Menardo Guevarra.

Alabastro and Bernabe will have a term of seven years while Butuyan and Guevarra will have a term of five years. CDG