Metro Manila (CNN Philippines, July 7) — The country’s competition watchdog said its investigation into the onion price spike and allegations of agricultural smuggling and cartel has progressed since it began last November.
“While the details are highly confidential, we can confirm that the Enforcement Office has already gathered sufficient information to move the investigation forward,” the Philippine Competition Commission (PCC) said, days after President Ferdinand Marcos Jr. ordered the Department of Justice and the National Bureau of Investigation to launch its own probe.
READ: Marcos orders probe into hoarding, smuggling of agricultural products
The PCC added that it has \”existing memoranda of agreement with the DOJ and NBI, and the Enforcement Office will explore areas for coordination, particularly as regards investigation and law enforcement support.\”
The commission said it is also cooperating with the Department of Trade and Industry, the Department of Agriculture, and the Securities and Exchange Commission on the investigation.
