Hopes up on Reit law revival to attract investors

THE Philippine Stock Exchange Inc. (PSE) hopes Real Estate Investment Trust-related or Reit offerings would attract investors to the equities market given the promise of the incoming Duterte Administration to revive the seemingly dead law and implement it even if doing so could initially translate into lower tax collections.

“We want to change the thinking that a reduction in revenue is the way it should be interpreted, rather than encourage business activities that would in fact result in more economic activities where you can recover the foregone revenues anyway,” incoming Finance Secretary Carlos Dominguez 3rd said in an interview.