PH financial markets resume ops Tuesday

Trading and settlement at the Securities Clearing Corportion of the Philippines will also resume Tuesday, the PSE said in a statement. (Photo by Patrick Roque – Taken using my camera with model DSC-HX5V, CC BY-SA 3.0)

MANILA— Trading at the Philippine Stock Exchange (PSE) resumes Tuesday even as Malacanang again suspended work in government offices in line with the second day of the nationwide transport strike.

Trading and settlement at the Securities Clearing Corportion of the Philippines will also resume Tuesday, the PSE said in a statement.

“BSP’s (Bangko Sentral ng Pilipinas) Philippine Payments and Settlement Systems (PhilPaSS) has confirmed it will be operating despite the announcement of suspension of work in government,” it added.

The BSP, in a statement, said PhilPaSS is on normal clearing operations for the day “to support the banking and financial sectors.”

Malacanang, in Memorandum Circular 29 issued Monday night, announced another day of suspension of work in all government agencies and all levels of classes in both public and private schools nationwide to ensure the safety of state workers and students not only from the transport strike but the inclement weather.

Suspension of work in other branches of government as well as the private sector was left to the discretion of their officials.