This study traces risk discourses that shape the contours of the Philippine cosmetics industry from 2000 to 2013. For purposes of this study, Cruz examines select official textual mediations of four stakeholders in the cosmetics industry: 1) of the Philippine government through the Food and Drug Administration (FDA) and its Center for Cosmetic Regulation and Research (CCRR); 2) of the private sector through its print advertisements of select cosmetic products in women’s magazines; 3) of safe cosmetics advocacy groups through the Ecowaste Coalition; and 4) of Filipino women consumers through an online forum called GIRLTalk. Selected textual mediations will be used to surface, compare, and contrast over time the respective risk definitions of each stakeholder, in the ambit of health and well-being as well as quality of life of Filipino women. Dovetailing concepts of risk, body, and discourse, Cruz offers the analytical concept of toxic biopolitics—a systemic crisis of knowledge and legitimation in the cosmetics industry whose ethico-political implications are too personal to dismiss—in framing the analysis of the study.