THE Department of Finance wants the Development Bank of the Philippines (DBP) to focus on providing financing to big-ticket infrastructure projects as the rollout of the Real Estate Investment Trust (REIT) law scheduled next year will infuse more capital into the market. REITs are alternative investment options besides preferred shares and bonds that allow small and medium investors to participate in the property market. Republic Act 9856 instituted the REIT to enable real estate firms to place their assets in stock corporations where the public can invest in by purchasing shares in these businesses. “This will create for the REIT sponsor another set of capital, which I’m sure they will start reinvesting. Those are your clients now, we have expanded your market,” Dominguez told DBP officials.

Source: Manila Times February 27, 2020 16:41 UTC