Biz groups back probe into shuttered Misamis steel plant

Business groups in the Philippines are rallying behind a government investigation into Philippine Sanjia Steel Corp., a Chinese-owned firm, after its Misamis Oriental plant was closed due to the discovery of radioactive materials. The Philippine Iron and Steel Institute and other organizations are demanding thorough scrutiny to ensure public safety and maintain trust in the industry. This move underscores the growing concern over foreign-invested companies and their compliance with local regulations, highlighting the potential implications for future business operations and governmental oversight.