PSE declared 'safe' after bomb threat


Posted at Oct 21 2010 01:16 PM | Updated as of Oct 22 2010 05:03 AM

Scenes during the evacuation of Philippine Stock Exchange building in Makati City. by Martha Vinzons of ABS-CBN Business

MANILA, Philippines - Trading at the Philippine Stock Exchange (PSE) has resumed after authorities found no bomb and declared the area safe.

The exchange, located in Manila's main business district, was evacuated early Thursday after an employee received an anonymous call that claimed there was a bomb within the premises.

However, at around 12:15 p.m., police and the Makati bomb squad declared the area safe, and allowed traders and employees to return to the trading floor and their offices.

Trading resumed at 1 p.m. and would close after an hour. Normal trading hours run from at 9:30 a.m. to noon.

"We have cleared the tower and our teams are scouring the surroundings," said Jose Delos Santos, police chief for the southern district of Metro Manila.

"We would like to believe that it was a prank call but we take this as a serious matter."

The PSE index, which hit a record high of 4,253.75 on October 11, was up 1.3% at 4,245.61 when trade was halted around 10 a.m. Thursday. The index has risen 39 % this year. - Report from Maiki Oreta, ABS-CBN News; With Reuters