PCC hits DA chief over price hike call

Competition regulators on Friday scored the Agriculture department for proposing collective poultry price hikes, saying this would violate the law.

“While the Philippine Competition Commission (PCC) recognizes the Department of Agriculture’s timely efforts to proactively assist poultry raisers, an agreement among competitors to collectively raise prices is considered anti-competitive and illegal under Section 14(a) of the Philippine Competition Act,” PCC chairman Arsenio Balisacan said in a statement.