Residents are walking through the streets of Quezon City, Manila, Philippines, which were flooded last month due to the impact of the third typhoon of the season, 'Gaemi'. [Image source=Yonhap News]
Heavy rain in the Philippine capital region on the 28th (local time) caused foreign exchange trading to be suspended and government offices to be paralyzed, according to local media reports.
According to local media such as The Philippine Star, the Philippine government issued a heavy rain warning for the Manila metropolitan area, Zambales, and Bataan regions, and suspended government office work and all school classes. The Central Bank of the Philippines announced that foreign exchange trading would be suspended for the entire day accordingly.
Stock and bond market trading reportedly continued as normal. Philippine President Ferdinand Marcos warned that dams in the metropolitan area could overflow and cause flooding, urging residents in low-lying areas to be cautious. Manila meteorological authorities warned that the monsoon rainy season could trigger landslides and that heavy rain could also fall in other parts of northern Luzon Island, where Manila is located.
Local media reported that some areas, including Manila, have already experienced floods with water reaching waist level due to heavy rain. Last month, more than 30 people died in the Philippines due to landslides and floods caused by Typhoon Goni.
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