Floods shut down public life, stock market in Manila

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Manila floods1Heavy floods caused by tropical storm Trami that hit the Philippine capital of Manila on August 19 led to a closure of schools, government offices, businesses and the stock exchange in the 12-million-people city. A red alert was raised, the highest level of a warning system in which widespread floods are predicted.

Reports spoke of “neck-deep water” inundating some parts of Manila, people in shanty towns were seen standing on their corrugated iron roofs as fast-moving water swept through the windows of their homes. Underpasses in the business district have been flooded, and main roads were impassable.

The Philippine Stock Exchange halted equity trading and the central bank said there will be no currency or government bonds trading until further notice.

A number of flights departing from Ninoy Aquino International Airport, Manila main ariline hub, have been cancelled. the main highway to the south is under waist-deep  water, TV footage showed.

Farmland in the north of Manila has also been badly flooded, with reports saying the water in some ares was more than 1 meter high

The Philippines is regularly hit by tropical storms, and the subsequent severs floods are partly blamed on poor water management, increasing deforestation, chaotic urban planning, clogged drainage systems and defunct dams and floodgates.

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Reading Time: 1 minute

Heavy floods caused by tropical storm Trami that hit the Philippine capital of Manila on August 19 led to a closure of schools, government offices, businesses and the stock exchange in the 12-million-people city. A red alert was raised, the highest level of a warning system in which widespread floods are predicted.

Reading Time: 1 minute

Manila floods1Heavy floods caused by tropical storm Trami that hit the Philippine capital of Manila on August 19 led to a closure of schools, government offices, businesses and the stock exchange in the 12-million-people city. A red alert was raised, the highest level of a warning system in which widespread floods are predicted.

Reports spoke of “neck-deep water” inundating some parts of Manila, people in shanty towns were seen standing on their corrugated iron roofs as fast-moving water swept through the windows of their homes. Underpasses in the business district have been flooded, and main roads were impassable.

The Philippine Stock Exchange halted equity trading and the central bank said there will be no currency or government bonds trading until further notice.

A number of flights departing from Ninoy Aquino International Airport, Manila main ariline hub, have been cancelled. the main highway to the south is under waist-deep  water, TV footage showed.

Farmland in the north of Manila has also been badly flooded, with reports saying the water in some ares was more than 1 meter high

The Philippines is regularly hit by tropical storms, and the subsequent severs floods are partly blamed on poor water management, increasing deforestation, chaotic urban planning, clogged drainage systems and defunct dams and floodgates.

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