Economy
6 Firms Face P1.76 Billion Fines, Raps for Onion Cartel
The Philippine Competition Commission (PCC) has imposed a record P1.76 billion in fines and filed charges against six companies and their officers for operating an onion cartel, uncovered after prices surged to P800 per kilogram in late 2022.
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- PCC Fines Onion Importers Record P1.76 Billion for Alleged Cartel Behavior
The Philippine Competition Commission (PCC) has imposed a record P1.76 billion fine on several onion importers and traders for cartel behavior that allegedly caused local onion prices to surge to P800 per kilo in 2022. The ruling cites the systematic acquisition of import clearances and control over distribution.