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Dollar-peso spot trading suspended due to Taal Volcano eruption
The Bankers Association of the Philippines (BAP) suspended foreign exchange trading on January 13, 2020, due to the Taal Volcano eruption.
The Philippine Stock Exchange (PSE) also suspended trading, clearing, and settlement activities for the same day.
Malacañang ordered the suspension of classes in all levels and government work in Metro Manila, Calabarzon, and Region 3.
These suspensions were implemented to ensure the safety of employees and traders amid the volcanic ash emissions.
Phivolcs raised Taal Volcano to Alert Level 4, warning of a possible hazardous explosive eruption.
The eruption caused ashfall that affected Luzon and reached Metro Manila, leading to cancellations of domestic and international flights.
Banks were advised to prioritize employee safety, particularly in areas near Batangas.
Evacuations were ongoing in several towns around Taal Volcano since Sunday morning.
Taal Volcano's last recorded eruption was in 1977.
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The Bankers Association of the Philippines (BAP) advised its member banks to prioritize employee safety amidst the Taal Volcano eruption.
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Classes and government work in Batangas province remain suspended on Tuesday, January 14, 2020, due to the heightened activity of Taal Volcano.
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Classes in all levels in Metro Manila, Calabarzon, and Central Luzon were suspended for Tuesday, January 14, 2020, due to the Taal Volcano ash eruption and ashfall.
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The Philippine Institute of Volcanology and Seismology (Phivolcs) raised Taal Volcano's alert level to 4, indicating the possibility of a hazardous explosive eruption.
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The Philippine Stock Exchange index (PSEi) firmed up on Friday, January 17, 2020, gaining 69.4 points or 0.91 percent to close at 7,722.58, as surface activity in Taal Volcano appeared to have calmed.
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