Philippine Stock Exchange president pushes for REITs

06/23/2008 | ReedFirstSource.com

The introduction of REITs into the Philippine real estate market could boost market liquidity and increase spending on infrastructure, Philippine Stock Exchange President Francis Ed. Lim said. "REITs have a potential in the Philippines due to the increasing demand for housing and BPO offices, as well as growing consumer spending and tourism," Lim said.

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