MANILA -- Clearing and settlement under the Philippine Payments and Settlement System (PhilPaSS), as well as the cash servicing operations of the Bangko Sentral ng Pilipinas (BSP), remain open Tuesday despite work suspension in government offices in the National Capital Region (NCR).
In a statement, the central bank, however, said that Treasury operations, including trading and settlement on the overnight deposit facility, overnight lending facility, and the overnight reverse repurchase facility as well as US dollar and Peso trading “will be closed.”
“It will be a NON-RESERVE DAY in so far as computing for the reserve position of 23 April 2019,” the BSP said.
And because of the work suspension in government offices a day after parts of Luzon were shaken by a powerful earthquake past 5 p.m. Monday, the BSP said “all reports due may be submitted on 24 April 2019 without penalty.”
Malacañang suspended work in government offices in the NCR on Tuesday to lessen demand for public transportation during the day and to give building administrators time to inspect the structural integrity of their offices.
Meanwhile, the operation of the train systems in the metro, which was suspended early Monday evening, resumed Tuesday morning.
The Light Rail Transit 1, on its Twitter account, said that as of 11:44am, 23 trains and 79 light rail vehicles (LRVs) “are running today at a safe speed of 40kph (kilometer per hour) and 4.2 minutes interval.”
LRT 2, in turn, said that as of 5:30 a.m., Tuesday seven trains and 28 coaches are “running with seven minutes headway.”
Also, MRT-3 said 16 trains are operational and 15 trains are running with seven minutes headway as of 11 a.m. Tuesday.
The Department of Transportation, in a tweet, said that “with structural and track inspections completed for LRT-1, LRT-2 and MRT-3 and Philippine National Railway, all lines were found fit for operations.” (PNA)
