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Short selling is now permitted in the Philippines, with 52 PSE-listed stocks and one exchange-traded fund available for short sale
The news follows regulatory approval regarding critical components of securities borrowing and lending — short selling can only function if a securities borrowing and lending programme is in place
The archipelago nation is seeking approval for the use of offshore collateral before welcoming short selling to the market
The Philippine Stock Exchange (PSE) has secured the approval of the local Securities and Exchange Commission (SEC) to introduce short selling in the stock market