SUMMARY
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MANILA, Philippines – The Philippine Stock Exchange (PSE) announced the suspension of trading on Wednesday, July 16, as Typhoon Glenda (Rammasun) passes by Metro Manila.
“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 tomorrow, July 16, due to the suspension of clearing and settlement operations in the Philippine banking system,” a PSE announcement said.
Government work and classes in the National Capital Region have also been suspended on Wednesday.
The Philippine Atmospheric, Geophysical, and Astronomical Services Administration placed Metro Manila under Storm Warning Signal No. 3 in its 11 pm update on Tuesday, July 15.
This means the capital should brace for winds of 101-185 km/h.
Glenda is expected to cross Metro Manila before noon Wednesday. – Rappler.com
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