TOKYO: Japan's biggest advertising agency and five other companies were indicted on Tuesday for allegedly violating an anti-monopoly law, in a corruption scandal over bid-rigging during the Tokyo Olympics.
PNA photo by Robinson Ninal Jr. MANILA - The Philippine Competition Commission (PCC) wants to determine the root cause of high retail prices of onions by investigating possible anti-competitive behavior. The PCC has started its probe for "possible cartel or abuse of dominance conduct" consistent with the House Resolution No. 681 filed by Marikina Representative Stella Luz Quimbo, a former PCC commissioner. "Since November 2022, the Philippine Competition Commission has been investigating the high prices of onion for possible cartel or abuse of dominance conduct," it said in a statement Thursday. The antitrust body said it launched its market assessment amid the skyrocketing onion retail prices, which it observed at an unusual price range of PHP600 per kilogram in December 2022. "As prices are seen to stabilize due to the imports and the SRP set last Feb. 6, the PCC is looking into the cause of such market anomaly in coordination with the sector regulators and o
The Department on Justice (DOJ) Antitrust Division has continued to be active in criminal enforcement over the last year, with a renewed focus on Section 2 enforcement.