THERE WILL BE no trading on the days after Christmas and New Year, following the announcement of work suspension of government offices on those days.
In a memorandum circular released late Tuesday, the Philippine Stock Exchange announced it suspended trading for Dec. 26 and Jan. 2, aside from Dec. 25 and Jan. 1, which both fall on a Monday.
This follows Malacañang’s declaration that aside from Christmas Day and New Year’s Day as regular holidays, government work will also be suspended on Dec. 26 and Jan. 2.
“In order to give the employees of the government full opportunity to celebrate the holidays with their families and loved ones, work in government offices and government-owned and controlled corporations, government financial institutions, state universities and colleges, local government units, and other agencies and instrumentalities is hereby suspended on 26 December and 2 January,” according to Malacañang memorandum circular no. 37. — Arra B. Francia
