Ditas Lopez

Philippine stock exchange gets regulatory approval for short selling

The SEC approval comes at a time when local stocks are under pressure from an exodus of foreign funds and concerns about the nation’s accelerating inflation and peso depreciation against the dollar.

GMR-Megawide venture challenges tycoons’ Manila airport bid with $3b offer

The venture has challenged a $6.7 billion bid from a group that includes billionaires John Gokongwei and Lucio Tan.