Philippine exchange greenlights short-selling for first time

Bourse aims to boost trading volumes, improve corporate governance

20231019 Philippine Stock Exchange

The Philippine Stock Exchange is one of Asia's oldest bourses, tracing its roots back to the 1920s, but has lagged behind other regional markets in allowing short-selling. © EPA/Jiji

RAMON ROYANDOYAN, Nikkei staff writer

MANILA -- The Philippines is set to launch short-selling on one of Asia's oldest exchanges, but some are casting a wary eye over the effort to boost trading volumes and enhance the country's weak corporate governance. 

Investors can bet against Manila-listed shares, starting Monday, in a first for the nearly century-old exchange, after the proposal plodded through years of red tape amid worries that it would spark frenzied price swings.

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