GMA News
Typhoon Ulysses shuts Philippine financial markets
Trading of foreign exchange and equities, among other financial market operations, was suspended on Thursday, November 12, 2020, due to Typhoon Ulysses.
The Bangko Sentral ng Pilipinas (BSP) announced the suspension of various operations, including those at the Security Plant Complex, the Philippine Payment and Settlement System (PhilPass), peso-US dollar trading, and monetary operations.
The Philippine Stock Exchange, Inc. (PSE) also suspended its trading operations.
The PSE's decision to suspend trading was contingent on the public storm warning signal in Metro Manila being downgraded from Signal No. 3.
Consequently, clearing and settlement activities at the Securities Clearing Corporation of the Philippines were also halted due to the suspension of Philpass operations.
Topics in this story
Explore more stories about these topics.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Philippine Stock Exchange index (PSEi) experienced a decline of 0.77% on Friday, closing at 6,969.88 points, influenced by escalating COVID-19 concerns and the destructive impact of Typhoon Ulysses.
Read more →
Light Rail Manila Corporation (LRMC) suspended operations of LRT-1, LRT-2, MRT-3, and PNR on Thursday, November 12, 2020, due to Typhoon Ulysses.
+1
Read more →
Several universities in Metro Manila, including Ateneo de Manila University (ADMU), Polytechnic University of the Philippines (PUP), and the University of Sto. Tomas (UST), have announced academic breaks.
Read more →
Severe Tropical Storm Ulysses has caused the cancellation of several domestic and international flights by Philippine Airlines.
Read more →
Malacañang has suspended work in government offices and classes in public schools across Luzon for Friday, November 13, due to Typhoon Ulysses.
Read more →