简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The Philippines halts FX and bond trading but reopens the stock market after Typhoon Gaemi's impact. Safety and mobility concerns influenced the decision.
The Philippines paused currency and fixed-income trading on Thursday due to Typhoon Gaemi, which just blew across the nation. However, the stock market has reopened for business, offering some normality among the interruptions.
The Bangko Sentral ng Pilipinas (BSP) issued the suspension, citing its most recent evaluation of the safety and mobility conditions. In a Facebook post, the central bank stressed the importance of protecting the well-being of market participants and the general public. The Philippine Dealing and Exchange Corporation endorsed this move by suspending fixed-income trading.
Despite the suspension of these markets, the Philippine Stock Exchange said in a post on X that equities market activity will resume on Thursday. This measure aims to stabilize financial operations and allow investors to manage their portfolios.
The decision comes after Manila halted government and educational operations on Thursday. Heavy monsoon rains created a landslide that displaced at least half a million people, illustrating Typhoon Gaemi's devastating effect. After wreaking havoc in the Philippines and Taiwan, the typhoon is now heading toward China.
The storm has wreaked havoc, causing extensive power outages in hundreds of thousands of homes, flooding streets, and at least five deaths. Authorities prioritize safety and recovery activities as the country tries to restore order in devastated regions.
You may access the daily news of the financial market here.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Bank Negara Malaysia (BNM) has updated its Financial Consumer Alert List (FCA List) by adding 12 more entities, reinforcing its efforts to warn the public against unregulated financial schemes. Check if your broker made the list!
TradingView has launched a mini app on Telegram, making it easier for users to track market trends, check price movements, and share charts.
Georgia man James Schwab charged in Danbury kidnapping tied to $230M crypto heist. Plot targeted couple for ransom after Miami altercation with son.
Bybit announces the closure of its NFT marketplace, citing efforts to streamline offerings. Discover the latest trends in the declining NFT market and its shift to utility-based growth.