Bomb threat halts trading at PSE


Posted at Oct 21 2010 11:01 AM | Updated as of Oct 21 2010 11:56 PM

Trading participants and office employees at the Philippine Stock Exchange in Makati City were evacuated as authorities scoured the building following a bomb scare. Photos taken by Martha Vinzons of ABS-CBN Business

MANILA, Philippines (3rd UPDATE) - Trading at the Philippine Stock Exchange (PSE) was halted Thursday morning after the PSE Tower One building on Ayala Avenue received a bomb threat, an ABS-CBN News Channel report said.

ABS-CBN Business correspondent Martha Vinzons who reports on the stock market said security guards initially asked some reporters to evacuate the Tower One and Exchange Plaza at the Ayala Triangle after receiving the bomb threat at around 10 a.m.

At 10:20 a.m., traders, tenants and employees were also asked to leave the building including the fountain area. They were asked to take the stairs instead of the elevators.

Vinzons said many of the employees and traders went to the adjacent garden area.

Police have already cordoned off the area and the Makati bomb squad has arrived as of posting time.

PSE president and CEO Val Antonio Suarez confirmed that trading at the PSE has been halted for security reasons.

"We implemented evacuation measures immediately for the safety of employees and trading participants. We will resume trading upon clearance from police authorities," he said.

"We're still trying to check the veracity of the report," PSE Chairman Hans Sicat told Reuters. "We have taken appropriate precautionary measures. Security personnel have been deployed."

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

The main stock index, which hit a record high of 4,253.75 on Oct 11, was up 1.3% at 4,245.61 when trade was halted. The index is up 39% this year. With a report from Liza Reyes, ABS-CBN News; and Reuters