71.   Nomura, a securities firm, has teamed up with Mitsui Fudosan, a big property company, to develop REITs.

72.   Other property companies have taken similar steps.

73.   Other property companies also declined as some curtail land acquisitions and construction until the economic turmoil eases.

74.   Other property companies such as Henderson Land Development Co. fell as investors fretted interest rates may head higher.

75.   Philippine stocks rose for the first time in four days as declining interest rates boosted the appeal of property companies.

76.   PHILIPPINE stocks rose, led by property companies, after the central bank governor said further cuts in interest rates are in store.

77.   Outside of the index, property company Pearl Oriental Holdings Ltd. was the third most actively traded stock by value.

78.   Overnight, Unim became the largest listed property company in Italy and the fifth-largest in Europe, ranked by market capitalization.

79.   Philippine stocks rose, paced by property companies, on hopes that a cut in bank reserves will lead to lower borrowing costs.

80.   Property companies also climbed in anticipation that the lower rates reduce construction costs and boost demand.