Philippines Cancels FX Trading, Government Work Amid Heavy Rain

Stock and fixed-income market trading open on Wednesday
Major dam in capital has overflowed, landslides likely

A partially flooded house following heavy rain in Metro Manila on Aug. 28. Photographer: Daniel Ceng/Anadolu/Getty Images

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By Manolo Serapio Jr

August 28, 2024 at 12:56 AM UTC

Updated on

August 28, 2024 at 7:23 AM UTC

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The Philippines suspended government work, canceled flights and shut currency trading on Wednesday as heavy rains flooded the capital and nearby areas.

Classes in public schools were also halted as the disaster management agency warned that rains triggered by the southwest monsoon may cause flash floods.