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.

Philippine proptech unicorn Revolution Precrafted bags deal in Bahrain

Revolution Precrafted has sealed more than $6.5-billion worth of deals overseas so far this year.

Philippine Digest: RedDoorz enters market; Govt plans $1bn Samurai bond

RedDoorz said it expects to grow its footprint to 100 properties across the Philippines.

PH pension fund GSIS to continue infra investments via Macquarie-managed vehicle

GSIS has committed to invest $314 million in Philippine Investment Alliance for Infrastructure (Pinai) fund,

Philippines: SPi Global acquires PE-backed KPO firm Scope

SPi acquires Scope from India’s Quatrro Group, whose investors include PE firm Olympus Capital Holdings Asia, VC firm Walden International and asset management firm The DE Shaw Group.

Revolution Precrafted’s Robbie Antonio says looking at IPO in 2020-21

The Philippine unicorn may look at a listing in the US, UK or Singapore.

Del Monte Philippines may postpone share listing as weak market dulls demand

The Philippines’ stock market is Southeast Asia’s worst performer this year, hit by rising inflation and a weak currency.

Philippine tycoon Gokongwei launches $200m venture to provide easy access to credit

The venture, set up last year by Gokongwei’s JG Summit Holdings Inc. and financial-technology startup Oriente, seeks to give credit through a digital platform to Filipinos.

PH Digest: LaLa World partners with Rebit; Grab to invest despite losses

Grab Philippines head Brian Cu said the company will continue to invest in the Philippines with a budget of $57 million) in the next 12 to 18 months.

Long overlooked, the Philippines starts to catch tech investors’ fancy

As valuations in markets such as Indonesia and Vietnam heat up, the Philippines could offer better value to investors.