Culture
PCC Files Charges vs. Firms Behind Alleged Onion Cartel
The Philippine Competition Commission (PCC) has filed administrative charges against six firms and their officers, accused of forming an "onion cartel" that artificially inflated onion prices to as high as P800 per kilogram in late 2022, signaling a crackdown on market manipulation.
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- PCC slaps onion cartel with record fine of P1.76B
The Philippine Competition Commission (PCC) has imposed a record P1.76 billion fine on members of an onion cartel for illegal market allocation in the import, cold storage, and wholesale distribution of onions. The penalties follow a House probe into price manipulation after onion prices surged in late 2022.