Connect with us

Foreign

Philippine Stock Exchange to reopen trading floor on June 1

Published

on

The Philippine Stock Exchange (PSE) will reopen its trading floor on Monday following the easing of coronavirus lockdown restrictions in the capital Manila.

The PSE trading floor has been closed since March 19 after Philippine President Rodrigo Duterte placed Metro Manila under lockdown to halt the spread of COVID-19.

“While our floorless or offsite trading from March 19 to May 29 has proven to be efficient and seamless, we decided to reopen and resume trading on the floor to convey a strong message to the investing public that things are back to ‘normal’ in the capital markets,” PSE President and CEO Ramon Monzon said in a statement Sunday.

“Hopefully, the optics of the reopening will contribute to the restoration of the general public’s much-needed confidence in the recovery of our economy,” he added.

Monzon said health and safety guidelines will be strictly enforced on the trading floor to ensure social distancing.

He said that temperature checks will be enforced on the traders prior to entry in the floor and midway through the trading session. They will also be required to submit daily health declarations prior to entry.

To comply with physical distancing requirements, Monzon said only one trader per booth will be allowed compared to two or three traders per booth before.

He added that all persons inside the trading floor will be required to wear masks at all times and no congregation in any area within the floor will be allowed.

PSE will also provide hand sanitizers at strategic areas on the floor and will diligently perform the disinfecting protocols, he added.

“The above measures may be inconvenient and troublesome but we trust the traders will understand and appreciate that all these are being done to safeguard their health and well-being,” Monzon said.

He said that the PSE will continue to observe shortened trading hours from 9:30 a.m. to 1 p.m. until further notice.

“Trading hours may remain abbreviated but the PSE will do what it can as a stock market operator to support initiatives towards the country’s economic recovery,” Monzon added.

The Philippines now has 18,086 confirmed COVID-19 cases, including 957 deaths and 3,909 recoveries.

(XINHUA)

Nnn: :is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

Ethiopia: UNHCR faces funding shortfall to meet Coronavirus related needs of refugees   President Buhari approves new Merit Award Board Britain to publish report on Russian influence after PM Johnson thwarted Police nab 2 over alleged culpable homicide in Niger  ANAMMCO donates hands free washing device to Enugu Govt Police arrest 1,583 suspected thugs, drug peddlers in Kano Immigration partners NDLEA on drug test, rehabilitation for personnel FG moves to fund indigenous inventions FCTA to harness unexploited opportunities in livestock sub-sector Community Policing Committees inaugurated in Edo NASC queries National Assembly Clerk for insubordination Flood  ravages Lapan Gwari community, destroys over N1bn property Kebbi State Govt. condoles with Zuru Emirate over ex-lawmaker’s death AFAN hails CBN plan to ban forex on maize importation Council commends Plateau State on Coronavirus drugs Anambra reassures farmers of support to access credit facilities Use skills acquired to fight poverty, Coordinator tell outgoing corps members UK accuses Russia of trying to hack, steal Coronavirus vaccine data Enugu Govt. distributes palliatives to physical challenged in 17 LGAs Gabon now has first female Prime Minister Man faces trial over alleged N1.4m fraud Alleged N21.2m car fraud lands 2 men in court Coronavirus: FAO warns over rise in hunger in Africa Coronavirus protocols: New FRSC commander reads riot act to erring drivers in Lagos, Ogun Agriculturist urges public to embrace farming to combat food scarcity Dabiri-Erewa congratulates Prof. Egbu on his appointment as VC of UK university Man,18, docked over alleged unlawful possession of generator No positive case of Coronavirus among our members- Kwara PSN China confiscates more than 132,000 illegal children’s publications Ondo election: APC constitutes Primary Election, Appeal Committees Woman, 40, docked over alleged N6m fraud NEPC, ITC train 2000 women entrepreneurs for international competitiveness- Awolowo Flush out bad elements among you, Customs boss tells importers, agents Ministry, NGOs distribute food items to over 100 households in Kaduna Military arrests 7 sea pirates, impounds smuggled rice, destroys oil thieves camp in S/South – DHQ World War II bomb unearthed near Hong Kong’s old airport UNICEF renews commitment to combat child marriage in South Sudan N40bn probe: Reps C’ttee orders arrest of NDDC acting MD 1.3m more Americans file jobless claims in one week Communal conflicts: Police arrest 16 suspects, recover weapons in Adamawa Coronavirus:NOA seeks partnership with churches, others in Imo 602 repentant Boko Haram terrorists take oath of allegiance-DHQ Okonjo-Iweala thanks Buhari, House of Reps, ECOWAS for support as WTO DG race enters selection phase Police discover decomposing body of kidnap victim in Rivers Man in court for allegedly abducting neighbour’s wife, children Insecurity: President Buhari despatches security chiefs to North West 3 Zambian lawmakers tested positive for Coronavirus Race for WTO top job: Okonjo-Iweala thanks Buhari, ECOWAS, others for support Desist from sending wrong signals on reopening of schools- Delta Govt Teenager, 13, drowns in Kano