6 firms in ‘onion cartel’ face P1.76-B fines, raps

MANILA, Philippines —After a yearslong investigation, the Philippine Competition Commission (PCC) has imposed a record P1.76 billion in fines on six businesses and their officers for operating an onion cartel that was uncovered after onion prices surged to as much as P800 per kilogram in late 2022. At a press conference on Thursday, the antitrust