A currency dealer monitors exchange rates in a trading room at KEB Hana Bank in Seoul on March 13, 2020.
AFP/Jung Yeon-je
Trading suspension: Gov’t response to coronavirus emergency paralyzes local stock market
( - March 17, 2020 - 9:36am

MANILA, Philippines — Trading of local shares will be suspended starting Tuesday, March 17, “until further notice” after President Rodrigo Duterte expanded his existing lockdown of Manila to include the rest of Luzon.

In a memorandum, Philippine Stock Exchange President and CEO Ramon Monzon said the trading pause was meant to “ensure the safety of employees and traders in light of the escalating cases of the coronavirus disease.”

The PSE last Monday shortened the trading hours after Duterte sealed off the capital in a desperate bid to contain the virus, which infected 142 people in the Philippines and killed 12 as of reporting.

On Tuesday, Duterte declared an “enhanced community quarantine” over the entire Luzon, implementing a strict home quarantine for every household and suspending transportation. 

The newest measure also constitutes the “heightened presence of uniformed personnel to enforce quarantine procedures” while “provision for food and essential health services shall be regulated.” — Ian Nicolas Cigaral

As It Happens
LATEST UPDATE: April 4, 2020 - 4:09pm

Follow this page for updates on a mysterious pneumonia outbreak that has struck dozens of people in China.

April 4, 2020 - 4:09pm

The Department of Health reports 76 more local cases of the coronavirus disease 2019, bringing the official tally to 3,094 from the previous count of 3,018.

April 3, 2020 - 12:58pm

The Philippine Health Insurance Corp. assures the public that they will shoulder the full cost of treatment for all COVID-19 patients until April 14, 2020.

"The reason for this accommodation window is due to the novelty and the wide range of severity of the disease in the country for which no existing case rate or package based on accepted protocols has yet been established," it says in a statement.

Philhealth says they will issue a new set of guidelines after the final protocol is established.

April 3, 2020 - 10:22am

The UN General Assembly has approved a resolution calling for "international cooperation" and "multilateralism" in the fight against COVID-19, in the first text to come out of the international body since the pandemic's outbreak.

The resolution, which was approved by consensus, also stresses "the need for full respect for human rights" and that "there is no place for any form of discrimination, racism and xenophobia in the response to the pandemic." — AFP

April 3, 2020 - 8:04am

The cruise ship Zaandam, which has dozens of ill passengers on board and was not allowed to dock in several South American countries, arrivsd Thursday in port in Fort Lauderdale, Florida.

The liner was finally cleared for docking after long negotiations between Holland America Line, local and state officials, and the US Coast Guard, to ensure the safe disembarkation of the healthy — and the sick. — AFP

April 2, 2020 - 5:02pm

The Department of Health confirms 11 COVID-19 patients have died in the Philippines, raising the total number of fatalities to 107.

The Philippines also recorded 322 new coronavirus cases, bringing the national total to 2,633.

As of Thursday afternoon, one additional patient recovered from the deadly virus, bringing the total number of recoveries to 51.

  • Latest
  • Trending
Are you sure you want to log out?
Login is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

or sign in with