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REIT HEADLINES
Utilities increased Metro Pacific's earnings, looking into REITs A
Metro Pacific Investments Corp's earnings report reflected a Php1.93 billion profit for the first half of 2010. Furthermore, its hospital group is looking into putting up a real estate investment trust
SM Prime to borrow USD100mn if REIT listing fails
SM Prime is planning to tap the debt market or borrow money amounting to USD100 million if it fails to launch its REIT listing
RLC redevelops malls, appoints Citi and DBS as REIT arrangers
Robinsons Land Corporation plans to spend PHhp1 billion for the redevelopment of its five malls this year, along with appointing Citigroup and DBS Bank as arrangers for its planned REIT offer.
REITs to attract more foreign investors
Germain Daleau of MIPIM Asia talks about how the REIT law can attract more foreign investment to the Philipines
REIT perks and opportunities on hold as BIR stalls
Overseas Filipinos can expect a delay in investment opportunities offered by REITs as the BIR is still reluctant to pass the proposed rules and regulations.
SMPH likely to borrow USD150mn as REIT rules get delayed
Due to upcoming expansion plans, SM Prime may need to raise USD150 million if the REIT rules will still take longer from being passed by the tax authorities
SM Prime gets consultants for planned REIT offer
Ayala Land, who formerly announced a planned USD300million REIT offer, has tasked UBS to partner with JP Morgan to act as its joint advisors and global coordinators for the offer
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COMPANY NEWS
Araneta Center allotted Php50billion for redevelopment
The Araneta Group, which previously remarked its interest in having its own REIT, has allocated Php50billion to be used within 10 years for redeveloping its Araneta Center Complex.
Utilities increased Metro Pacific's earnings, looking into REITs
Metro Pacific Investments Corp's earnings report reflected a Php1.93 billion profit for the first half of 2010. Furthermore, its hospital group is looking into putting up a real estate investment trust
ALI increases target for product launches
Ayala Land Inc., has announced during the REIT Asia Pacific Summit that it increased its target unit launches from 9,275 to 12,000 units for 2010.
SM Prime to borrow USD100mn if REIT listing fails
SM Prime is planning to tap the debt market or borrow money amounting to USD100 million if it fails to launch its REIT listing
RLC redevelops malls, appoints Citi and DBS as REIT arrangers
Robinsons Land Corporation plans to spend PHhp1 billion for the redevelopment of its five malls this year, along with appointing Citigroup and DBS Bank as arrangers for its planned REIT offer.
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REIT NEWS
Fiscal initiatives as announced by the DOF
Know the initiatives planned by the Department of Finance by the new administration.
Financial reform receives backing from Sen. Angara
Sen. Edgardo Angara, author of the REIT law, presents to the Senate his financial reform agenda that will improve the investment climate in the Philippines.
Malaysian REIT managers offer new tax incentives
In a recent meeting of the Malaysian REIT Managers Association (MRMA), the REIT managers proposed an enhanced set of tax incentives to further encourage REIT investment in Malaysia
REITs in India may not push through due to delays
The Securities and Exchange Board of India (SEBI) may possibly abandon its plans of introducing REITs in India, as it hasn't finalized the draft guidelines that it has passed years ago
New tax system targets
Know the current tax challenges and targets set by the Aquino administration
SM bonds maintain high grade from PhilRatings
Philippine Ratings Service Corp. (PhilRatings) maintained the "PRSAaa" rating for Php10billion in corporate notes issued by SM Investments Corp.
Tax incentives to benefit property stock valuations
The tax breaks that will be granted for REITs can in turn provide gains in property stock valuations, although opposition might be faced by property firms in the next few months as the government wants to revisit the REIT regulations
more news >

IN THE SPOTLIGHT
Sen. Angara: Keynote Address
Author of the REIT law Sen. Edgardo Angara's speech during The 2nd Annual REIT Pacific Philippines Summit 2010
Angara: investment rate can be improved
Sen. Edgardo Angara expounds on the ways financial reform can attract more investments flowing into the country.
The right time to invest
Mr. Valentino Sy rounds up the reasons to why now is the right time to be investing in the Philippines.
A look on tax incentives
As the government and the business community are still in talks on REIT tax incentives, here's an examination of the points to consider in the relationship between tax incentives and investment.
Factsheet: Philippine REIT Listings
Get acquainted with the Philippine companies who are planning to issue their respective REIT offers.
Tax issues debate still ongoing
REIT progress has been stalled as of late as players wait for the implementing rules and regulations regarding tax by the Bureau of Internal Revenue.
more spotlights >

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