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ADB Assists Healthy Business Competition in the Philippines

1/7/2020

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A philanthropist and business executive, Harvey Goldstein serves as chairman of PT Harvest International Indonesia. In this role he has facilitated trade and direct investments in ASEAN countries, including the Philippines, Indonesia, Singapore, and Thailand, totaling billions of dollars. Harvey Goldstein has collaborated with multilateral institutions such as the Asian Development Bank (ADB) to help bring progress in developing countries.

Founded in 1966, ADB is dedicated to eradicating poverty and assisting in sustainable growth in Asia and the Pacific Rim through grants, loans, technical assistance, and equity investments. In December 2019, the bank approved a $23.3 million loan to assist the Philippine Competition Commission (PCC) carry out the 2015 Philippine Competition Act (PCA). The project will aid in the capacity building of PCC and other government agencies tasked to implement PCA.

The funding will enable government staff to further their education and competence related to competition law through short-term courses, scholarships, and non-degree programs. A competition law and policy academic center of excellence will also be established. Through improved competition law enforcement, the project will aid the Philippine government to sustain the country’s economic growth, which is among the fastest in Southeast Asia
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    Harvey Goldstein is an American executive who has almost five decades of experience doing business and creating jobs in Southeast Asia.

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