Philippine Stock Exchange closes as country sees 11 days of monsoonal rains
The Philippines has seen 11 consecutive days of monsoonal rains, exacerbated by passing tropical cyclones, which has led to flooding in the capital of Manila and surrounding provinces of the island of Luzon.
Catastrophe modelling firm AIR Worldwide reported that Typhoon Saola passed to the northeast of the Philippines on 29 July, bringing widespread heavy rain to parts of Luzon and the central Visayas
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