Philippine bourse’s short selling plan to proceed, says chief

MANILA, Feb 6 (Bloomberg): The Philippine Stock Exchange will allow short selling as soon as issues on borrowing and lending of securities before the Securities and Exchange Commission and tax bureau are resolved, President Ramon Monzon said.

"As soon as we get the approvals, we will launch our short selling product,” Monzon said in an e-mailed reply to questions. "The probability of a GameStop incident happening in the Philippines is quite small, if not nil.”