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Money / Breaking News
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Philippine shares close 0.68% lower

Share prices closed 0.68 percent lower Monday as investors took profits selectively after recent gains, dealers said.

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Monsod to NGOs: Focus on oil smuggling, not oil firms
by Tetch Torres

Civil society groups must focus its attention on oil smuggling, which costs the country between P25 billion to P35 billion a year in losses, rather than on oil companies, said former National Economic Development Authority (Neda) chief Solita Collas-Monsod.

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Oil above $78 in Asian trade

Oil prices moved above $78 a barrel in Asian trade Monday as a weaker US dollar helped boost demand, analysts said.

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Recession triggers upheaval in British business

British business will reshape the way it works as a consequence of the recession, with innovative lending practices and commercial models emerging, the nation's top employers' body said Monday.

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New import rules on bulk cargo take effect Jan. 4

The government has moved to January 4 next year the effectivity of the new rules and procedures on imported shipments involving bulk and break-bulk cargoes.

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