Financial markets shut Monday due to transport strike

ABS-CBN News

Posted at Oct 15 2017 07:49 PM | Updated as of Oct 15 2017 09:32 PM

The Philippine Stock Exchange (PSE) and the Banko Sentral ng Pilipinas (BSP) on Sunday announced the suspension of trading and clearing operations due to the transport strike on Monday.

"Following the announcement by Malacanang of work suspension in government offices, Bangko Sentral ng Pilipinas clearing operations for tomorrow, October 16, are suspended," the BSP said in a statement.

The PSE also suspended clearing and trading and settlement due to the suspension of operations of Philippine Payments and Settlements System (PhilPaSS).

Malacañang announced Sunday the suspension of government work and classes at all levels in public and private schools nationwide on Monday. 

Transport groups are set to hold their third nationwide strike this year on October 16 and 17 to protest the government's jeepney modernization program.