Philippines Shuts Schools, FX Trading Due to Storm Yagi

Bad weather disrupted Philippine schools, state offices and foreign exchange trading for the second time in a week, with the government warning of floods and landslides due to storm Yagi and the monsoon rains. Government work and classes in public and private schools in Metro Manila were suspended, according to government advisories on Facebook. FX trading will halt from noon, the bankers association said. Some local Philippine Airlines Inc. and Cebu Air Inc. flights were canceled, according to airport authorities. The disruptions come five days after heavy monsoon rains flooded parts of Metro Manila and other areas of the Philippines. In July, more than 30 people died as Typhoon Gaemi brought floods and landslides. Yagi, called Enteng in the Philippines, is packing maximum sustained winds of 75 kilometers per hour and gusts of up to 90 km/hour, according to local weather bureau Pagasa. The storm may make landfall over Isabela or Cagayan province in northern Luzon this afternoon or tonight, it said. <br/>