MANILA -- There will be no trading at the Philippine Stock Exchange (PSE) Monday after Malacanang announced work suspension in all local and national agencies in line with the nationwide transport strike.
In a statement, PSE added that there will also be no clearing and settlement at the Securities Clearing Corporation of the Philippines due to the suspension of operations in the Philippine Payment and Settlement Systems (PhilPaSS).
Malacanang, in Memorandum Circular No. 28 issued on Sunday, also suspended classes at all levels in both public and private schools.
"The suspension of work in the other branches of government, as well as in their constitutional commissions and other independent bodies, is left to the discretion of their respective heads," it said.
Work in the private sector was also left to the discretion of their officials "taking into account the safety and convenience of their employees." (PNA)
