The Philippine Stock Exchange (PSE) and the Banko Sentral ng Pilipinas (BSP) on Sunday announced the suspension of trading and clearing operations due to the transport strike on Monday.

"Following the announcement by Malacanang of work suspension in government offices, Bangko Sentral ng Pilipinas clearing operations for tomorrow, October 16, are suspended," the BSP said in a statement.

The PSE also suspended clearing and trading and settlement due to the suspension of operations of Philippine Payments and Settlements System (PhilPaSS).

There will be no trading and clearing and settlement at the PSE/SCCP tomorrow, October 16, due to suspension of operations in PhilPaSS. — Phil. Stock Exchange (@PhStockExchange) October 15, 2017

Malacañang announced Sunday the suspension of government work and classes at all levels in public and private schools nationwide on Monday.

Transport groups are set to hold their third nationwide strike this year on October 16 and 17 to protest the government's jeepney modernization program.