Businesses that demonstrate greed in times of crises--including the current phase of runaway fuel prices--will not be spared by the government. Thus, said Senator Francis "Kiko" Pangilinan, who on Black Saturday, April 4 reckoned that businessmen and traders must never profit from other people’s...
The Philippine National Police (PNP) on Friday, March 27, said it has stepped up its monitoring of liquefied petroleum gas (LPG) retailers as the number of gasoline stations forced to close due to supply problems climbed to 425. PNP Chief, Police General Jose Melencio C. Nartatez Jr. said the...
House Speaker Martin Romualdez (Ellson Quismorio/ MANILA BULLETIN) House Speaker Martin Romualdez has issued a stern warning to "profiteers" to moderate their greed amid the growing disparity between farm gate prices of agricultural products and...
Ako Bicol Party-list Rep. Jil Bongalon (left), PBA Party-list Rep. Migs Nograles (Ellson Quismorio/ MANILA BULLETIN) Ranking members of the House of Representatives intend to hold accountable the people behind the supposed profiteering on...
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) has strongly warned ‘profiteers’ of oil commodities that they will be penalized for illegal retailing activities in the calamity-stricken areas in Visayas and Mindanao. The energy department reported this week that several gasoline stations as well as depots in...
