PSE suspends trading
MANILA, Philippines — The Philippine Stock Exchange has announced that there will be no trading on Tuesday.
PSE President and chief executive officer Ramon Monzon issued the memorandum of suspension early Tuesday.
"Please be advised that there will be no trading at the Philippine Stock Exchange and no clearing and settlement at the Securities Clearing Corporation of the Philippines today, September 12, due to the suspension of clearing and settlement operations in the Philippine banking system," the memorandum circular read.
PSE also made the announcement online.
There will be no trading and clearing and settlement at the PSE/SCCP today, September 12, due to suspension of bank clearing.
— Phil. Stock Exchange (@PhStockExchange) September 11, 2017
Aside from the PSE, the Malacañang also announced cancelation of work in government offices in Metro Manila, Region III, and Calabarzon due to the two weather disturbances, Typhoon Lannie and Tropical Depression Maring prevailing in the country. The suspension covers the Bangko Sentral ng Pilipinas.
Local government units and academic institution also called off classes due to the bad weather.