NEWS
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 August 3, 2010
Know the current tax challenges and targets set by the Aquino administration



Philippine Ratings Service Corp. (PhilRatings) maintained the “PRSAaa” rating for Php10billion in corporate notes issued by SM Investments Corp.



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.



Know the initiatives planned by the Department of Finance by the new administration.





The Philippine Stock Exchange (PSE) and leading property firms have expressed their dismay on REIT rules being delayed.



Finance Secretary Cesar Purisima said that the department will participate heavily in the drafting for the REIT rules and regulations to minimize tax revenue erosion



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



Finance Secretary Cesar Purisima stated that around PHP250 billion are lost from revenue due to tax evasion. The department is planning to look on the case of REITs as the tax breaks further erode the revenue base.




In a recent seminar on Malaysian REITs, REIT managers stressed the need to educate investors on the benefits of REIT as it introduces more opportunities in the market.




Performance of REITs is definitely on the rise, recovering from a period of decline from the financial crisis.



Ortigas & Co. Limited Partnership has expressed interest on a REIT offer to raise funds for its Greenhills shopping complex.



From the mid-year report of the National Association of Real Estate Investment Trusts (NAREIT), US REITs have raised USD22 billion worth of offerings during the period.



According to the National Association of Real Estate Investment Trusts (NAREIT), US REITs have performed better than most equity instruments for the first half of 2010.



Some pointers from a U.S. REIT fund manager on how to select which REITs to invest on.



Know the good and bad points when investing in US REITs.




Some pointers from a U.S. REIT fund manager on how to select which REITs to invest on.



Ayala Land Inc. reportedly is considering on increasing its REIT offer from USD350mn to USD450mn.



Megaworld might take up an IPO for REIT pending the REIT performance of bigger property developers planning the same route.



Be informed on the protective or safeguard measures for the REIT investors as is stated in the REIT Law and its implementing rules and regulations.



Robinson Land Corporation (RLC) indicated that it might offer USD300mn in REIT papers for the second half of 2010.



Ayala Land Inc. has expressed interest in raising a minimum of USD 300million by setting up a REIT to cover additional projects.



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