( July 3, 2026, 03:23 GMT | Official Statement) -- MLex Summary: The Philippine Competition Commission fined the Boracay Business Administration of Scuba Shops and 39 member dive shops a combined 2.17 million pesos ($35,400) for operating a price-fixing cartel on Boracay Island, finding they violated Section 14(a)(1) of the Philippine Competition Act. In a statement Friday, the regulator said it ordered the association to stop enforcing agreements that set minimum prices for diving services, prohibited promotional giveaways and capped commissions for intermediaries. The commission rejected arguments that the arrangements promoted safety or industry stability, saying such justifications cannot excuse price fixing, and urged local governments to align tourism ordinances with national competition policy.Statement follows....
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