Philippine Competition Commission files case against 12 onion importers for price collusion, seeking a PHP 2.4 billion fine.
The Philippine Competition Commission is filing a case against 12 onion importers and traders for allegedly controlling 50% of the country's onion imports, colluding to distribute supply and sharing sensitive business info, in violation of the Philippine Competition Act. A PHP 2.4 billion fine is recommended. This comes after President Marcos Jr. ordered investigations into onion price hikes during the 2022-2023 crisis.
August 25, 2024
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