If found guilty, the traders could be fined a total of P2.4 billion.
In a press conference yesterday, PCC Enforcement Office director Christian Loren delos Santos said his office filed an administrative case before the commission against onion importers and traders for violating Section 14 of the Philippine Competition Act, which prohibits agreements between competitors that restrict or reduce market competition.
Named in the Statement of Objection are Philippine Vieva Group of Companies (Phil. Vieva Group), Tian Long Corp., La Reina Fresh Vegetables & Young Indoor Plants, Yom Trading Corp., Vegetable Importers, Exporters & Vendors Association of the Philippines (VIEVA Phils.) and Golden Shine International Freight Forwarders.
Also named as individual respondents are Lilia Cruz as vice president of Phil. Vieva Group, chairperson and president of Golden Shine and chairperson of VIEVA Phils.; Eric Pabilona as board member of Phil. Vieva Group, corporate executive officer of Golden Shine and corporate secretary of Tian Long; Renato Francisco Jr. as board member of Phil. Vieva Group, president of La Reina and chairman and president of Yom Trading; Letty Baculando, board member of Phil. Vieva Group and incorporator of Golden Shine; Mark Castro Ocampo, sole proprietor of Vegefru Producing Store; and Nancy Callanta Rosal, sole proprietor of Rosal Fruit and Vegetable Trading.
هذه القصة مأخوذة من طبعة September 06, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 06, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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