THE Philippines’ stocks and currency trading were suspended for the second day in a row on Tuesday because of the torrential rains and flooding brought by monsoon rains.
“There will be no trading and clearing and settlement at the PSE/SCCP today, August 20 due to the suspension of bank clearing,” The Philippine Stock Exchange, Inc. (PSE) said in an advisory posted on its website.
Also, the Philippine Dealing & Exchange Corp. (PDEx), in a notice posted on its website, said “clearing and settlement operations” for the day are also suspended.
“As confirmed by the BAP (Bankers Association of the Philippines), FX trading on the PDEx platform is suspended today, 20 August 2013. FX trades for settlement date today will be settled next business day, 22 August 2013, per convention,” it said. PNA