09.10.2008 - Philippines: REITs to encourage investments in stocks
From Bworldonline.com: Proponents of real estate investment trusts (REIT) are hoping that the new investment product will entice Filipinos — less than 1% of whom invest in the stock market — to let go of their cash even during hard times. Already experiencing phenomenal growth in Asia-Pacific, the REITs are said to benefit both the investor and the company. By investing only in profitable property companies, REITs are said to be shielded from volatile swings of the property market..... Full Article: Source