PCC wary of emerging rice cartels as gov’t imposes P50 per kg price cap

THE Philippine Competition Commission (PCC) said cartels could emerge among rice importers in response to the government’s P50-per-kilogram (kg) price cap on imported rice. Director Christian Loren B. de los Santos of the Competition Enforcement Office (CEO) warned members of the Philippine Rice Importers’ Association (PRIA) in a May 20 dialogue to make independent commercial […]