Markets closed due to 'Ruby'


Posted at Dec 08 2014 07:18 AM | Updated as of Dec 08 2014 06:24 PM

MANILA, Philippines -- The Bangko Sentral ng Pilipinas and the Philippine Stock Exchange suspended operations on Monday, due to typhoon "Ruby."

"Following the announcement by Malacanang of work suspension in government offices in Metro Manila, the Bangko Sentral ng Pilipinas said clearing operations for today (December 8), are hereby suspended," the central bank said in an advisory.

Under BSP guidelines, clearing operations are suspended if work suspension is announced before 9 am.

Due to the suspension on bank clearing, the PSE also said there will be no trading at the stock market on Monday.

"There will be no trading and clearing and settlement at the PSE/ Securities Clearing and Corp. Philippines today, December 8, 2014 due to the suspension of bank clearing," the PSE said.