Not mincing his words, Speaker Martin Romualdez told members of the alleged onion cartel--especially those who hold government positions--that they won't be spared by the House of Representatives. Romualdez gave this warning ahead of the House Committee on Agriculture and Food's resumption of its...
Economist-solon Marikina City 2nd district Rep. Stella Quimbo appears to have cracked the hoarding-price manipulation code that the likes of "Sibuyas Queen" Lilia Cruz (alias Leah Cruz) are allegedly employing. Quimbo managed to do so after only four public hearings of the House Committee on...
The Insurance Commission’s (IC) move to increase the minimum catastrophe insurance rates is an anti-competitive policy that will just incentivize cartels and pass on additional burdens to consumers in the form of price hikes. AGRI Party-list Rep. Wilbert Lee Thus, underscored AGRI Party-list Rep....
The Philippine Competition Commission (PCC) has joined the probe on the unusual high prices of onion for possible cartel or abuse of dominance conduct. In a statement, the anti-trust watchdog said their investigation started in December last year is consistent with the probe prompted by House...
A visibly irate Marikina City 2nd district Rep. Stella Quimbo asked a Department of Agriculture (DA) official during a House of Representatives panel briefing Wednesday Jan. 25 whether or not he believes there's a cartel in the local onion industry. Marikina City 2nd district Rep. Stella Quimbo,...
The Securities and Exchange Commission has issued advisories to warn the public not to invest their hard-earned money in three firms that are soliciting investments without the necessary permits from the regulator. Based on reports and information it gathered, the corporate watchdog issued warnings...
Is there a "cartel" in the local onion industry? Onions in a Quezon City supermarket, and Marikina City 2nd district Rep. Stella Quimbo (Ellson Quismorio/ MANILA BULLETIN) This is the question Marikina City 2nd district Rep. Stella Quimbo wants answered in House Resolution (HR) No. 681, which she...
House Ways and Means Committee Chair Rep. Joey Salceda wants to consider agricultural cartels, hoarding, and profiteering as economic sabotage. Sugar (Pixabay) “I want to give the government the legal basis to raid hoarders and cartels, and to punish them with the full brunt of the law. I...
The Department of Energy (DOE) is not ruling out the possibility that the oil price in the country is being by controlled by a cartel as the national government does not have a hand on the Philippine oil market.​ "Ang sinasabi ng iba, may kartel. Syempre pag kausap ko naman yung mga industry...
