Philippine Competition Commission Fines Onion Cartel Record P1.76 Billion
The Philippine Competition Commission (PCC) has imposed a record P1.76 billion fine on an onion cartel for alleged anti-competitive practices. This move aims to restore fair competition in the market and address the impact of high food prices on consumers.
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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.