Organized by The Pinnacle Group International, the REITASIAPACIFIC – Philippines 2009 Conference was held at the Heritage Hotel Manila last September 30, 2009.
It discussed the future of REITs in the Philippines – how will it affect the equity market of the country, possible risks involved, the valuation of offshore and domestic IPOs, and identifying potential problems on the taxation, among related matters.
The Philippines, having a strong real-estate industry with an increase in expenditures of private real estate developers in terms of construction and developments of residential and commercial high-rise buildings, plus the influx of remittances by Overseas Filipino Workers, a booming tourism, and a growing number of offshore businesses, sees the current times as a good opportunity in having a bill on Real Estate Investment Trusts (REITs) in the country.
Authored by Sen. Edgardo Angara, a bill on Philippine REITs has already been deliberated upon in the Senate and House of Representatives since January of 2009. The said bill was already implemented and benefited countries like Australia, Belgium, Bulgaria, Canada, France, Germany, Italy, the Netherlands and also around Asia such as Japan, Korea, Malaysia, Singapore, Taiwan, and Thailand.
Delivering the key note speech was REITs author himself, Sen. Angara. Private and publicly listed real estate developers, legislators, regulators, and investment analysts were present to tackle further relevant issues on REITs.
Other speakers who graced the event were Mr. Francisco Ed Lim, Pres. & CEO, The Philippine Stock Exchange Inc., Mr. Jaime Ysmael, Senior VP & CFO, Ayala Land Inc., Mr Roy Melick, Chairman, Global Real Estate Group, Baker & McKenzie, Mr. Peter Mitchell, CEO, Asian Public Real Estate Association, Mr. David Moritz, Managing Director, Co-Head of Real Estate, S.E.A., Macquarie Capital Advisers, and Mr. Frederick Go, Pres. & COO, Robinsons Land Corporation.
A 2-day Fundamental of REITs Philippines Masterclass was held prior to the conference on September 28-29, 2009, also at the Heritage Hotel Manila.
Delegate fee (inclusive of lunch, refreshments, and conference documentation) was USD800 for conference plus masterclass. For PSE, MART, IHAP, APREA members, it was a 20%-discounted price of USD640. For foreign-based companies, however, fees were USD1200 and USD960 respectively.
The conference was supported by The Philippine Stock Exchange Inc. (PSE), Asian Public Real Estate Association(APREA), Investment House Association of the Philippines (IHAP) and Money Market Association of the Philippines (MART).
Sponsors of the event included: Macquarie Capital Advisers Real Estate, Quisumbing Torres, ATR Kimeng, and Baker & McKenzie; Associate Sponsors: DLA PIPER, ATCHISON Consultants, Standard Chartered, KPMG, Filinvest Land Inc., Robinsons Land Corporation; Media Partners: Business World, Philstar.com, MoneySense, Focus Economics, Asia Monitor, Emerging Markets Monitor and ChinaHedge.
To know more about the event organizers, you may reach their marketing team at +65 6846-2713, fax +65 6747-6131, or e-mail angel.rellama@tpgi.org.
It discussed the future of REITs in the Philippines – how will it affect the equity market of the country, possible risks involved, the valuation of offshore and domestic IPOs, and identifying potential problems on the taxation, among related matters.
The Philippines, having a strong real-estate industry with an increase in expenditures of private real estate developers in terms of construction and developments of residential and commercial high-rise buildings, plus the influx of remittances by Overseas Filipino Workers, a booming tourism, and a growing number of offshore businesses, sees the current times as a good opportunity in having a bill on Real Estate Investment Trusts (REITs) in the country.
Authored by Sen. Edgardo Angara, a bill on Philippine REITs has already been deliberated upon in the Senate and House of Representatives since January of 2009. The said bill was already implemented and benefited countries like Australia, Belgium, Bulgaria, Canada, France, Germany, Italy, the Netherlands and also around Asia such as Japan, Korea, Malaysia, Singapore, Taiwan, and Thailand.
Delivering the key note speech was REITs author himself, Sen. Angara. Private and publicly listed real estate developers, legislators, regulators, and investment analysts were present to tackle further relevant issues on REITs.
Other speakers who graced the event were Mr. Francisco Ed Lim, Pres. & CEO, The Philippine Stock Exchange Inc., Mr. Jaime Ysmael, Senior VP & CFO, Ayala Land Inc., Mr Roy Melick, Chairman, Global Real Estate Group, Baker & McKenzie, Mr. Peter Mitchell, CEO, Asian Public Real Estate Association, Mr. David Moritz, Managing Director, Co-Head of Real Estate, S.E.A., Macquarie Capital Advisers, and Mr. Frederick Go, Pres. & COO, Robinsons Land Corporation.
A 2-day Fundamental of REITs Philippines Masterclass was held prior to the conference on September 28-29, 2009, also at the Heritage Hotel Manila.
Delegate fee (inclusive of lunch, refreshments, and conference documentation) was USD800 for conference plus masterclass. For PSE, MART, IHAP, APREA members, it was a 20%-discounted price of USD640. For foreign-based companies, however, fees were USD1200 and USD960 respectively.
The conference was supported by The Philippine Stock Exchange Inc. (PSE), Asian Public Real Estate Association(APREA), Investment House Association of the Philippines (IHAP) and Money Market Association of the Philippines (MART).
Sponsors of the event included: Macquarie Capital Advisers Real Estate, Quisumbing Torres, ATR Kimeng, and Baker & McKenzie; Associate Sponsors: DLA PIPER, ATCHISON Consultants, Standard Chartered, KPMG, Filinvest Land Inc., Robinsons Land Corporation; Media Partners: Business World, Philstar.com, MoneySense, Focus Economics, Asia Monitor, Emerging Markets Monitor and ChinaHedge.
To know more about the event organizers, you may reach their marketing team at +65 6846-2713, fax +65 6747-6131, or e-mail angel.rellama@tpgi.org.
0 comments:
Post a Comment