Universal Robina loses profiteering challenge

By Franco Jose C. Baroña

Nov 21, 2023 12:35 am

THE Supreme Court has junked a petition, filed by one of the country's largest food and beverage companies, that sought to declare the Price Act's anti-profiteering provision as invalid.

Universal Robina Corp. (URC) had 'failed to show the invalidity of the laws and issuances it assails,' the high court said in a decision that was promulgated on February 14 but only made public last week.

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