THE Supreme Court has affirmed the constitutionality of the provision penalizing profiteering under Republic Act No. 7581 or The Price Act. In a 24-page decision penned by Associate Justice Marvic Leonen, the Court en banc denied the petition of Gokongwei-owned Universal Robina Corporation (URC) seeking the reversal of the April…
Local flour millers will seek to extend the three-year definitive anti-dumping duty on wheat flour from Turkey on fears that “dumping” practices could resume once the punitive duty expires.
In a statement, Philippine Association of Flour Millers (PAFMIL) Executive Director Ric Pinca said local flo