President Rodrigo Duterte on Monday ordered most of the 55 million people on the main island of Luzon, which includes the capital Manila, to stay at home for the next month after social distancing measures failed to keep people away from one another.
Monzon said the suspension was also “to ensure the safety of employees and traders in light of the escalating cases of the coronavirus disease.” The benchmark PSE index plunged 7.9 percent during shortened trading on Monday as investors reeled from the virus’ economic impact.
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