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Local affiliate of Toronto-based Colliers involved in complex built on Myanmar military land

Hkun Lat/Getty Images
A local affiliate of Colliers International, the international property management company headquartered in Toronto, is a leasing agent for a high-end building in Myanmar built on land owned by an arm of the country’s military.
The Sule Square complex is located on land owned by the Quartermaster General Office of the country’s army (officially known as Tatmadaw), which is tasked with securing supplies for its forces – including, activists say, the bullets and artillery used to kill more than 700 civilians since the Feb. 1 coup.
Colliers, which operates in Myanmar through an affiliate, has maintained its interest in the property despite years of efforts by United Nations experts to push foreign companies to sever ties with a military that has a long history of killing its own people, including Rohingya Muslims and anti-coup demonstrators. ....

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US stimulus hopes keep equities aloft

US stimulus hopes keep equities aloft
published :
13 Feb 2021 at 04:00
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Recap: Global stocks and emerging markets hovered near record highs as investors bet on more US pandemic relief spending, despite signs of fresh US-China tension, while European stocks fell with retail and energy shares posting losses.
The SET index moved in a range of 1,503.19 and 1,529.49 points before ending a holiday-shortened week at 1,508.35 on Thursday, up 0.8% from the previous week, in daily turnover averaging 92.12 billion baht.
Foreign investors were net buyers of 3.11 billion baht. Brokerage firms bought 2.82 billion, while retail investors purchased 1.42 billion baht. Institutional investors were net sellers of 7.35 billion baht worth of shares. ....

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Industrial estates set to expand

Industrial estates set to expand
Colliers projects growth at 5-10% in 2021 buoyed by state investment and stimulus
published :
8 Feb 2021 at 06:44
The Map Ta Phut Industrial Estate in Rayong falls within the Eastern Economic Corridor.
Despite risks from the travel ban, a delay in vaccine distribution and new tensions in US-China trade, the Eastern Economic Corridor (EEC) and e-commerce are expected to continue spurring industrial property growth, in part thanks to stimulus plans and government investment in infrastructure and transport projects.
Phattarachai Taweewong, director of research and communications at Colliers International Thailand, said the industrial estate business in 2021 should improve compared with last year. ....

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Reduced homebuyer fees help market stay active

Reduced homebuyer fees help market stay active
4
published :
28 Jan 2021 at 09:02
4
A renewal of the reduced property tax measures for another year can help boost housing demand and purchasing power, says a property consultancy, even as the cut in transfer and mortgage fees remains capped at 3 million baht a unit.
Phattarachai Taweewong, director of research and communications at Colliers International Thailand, said the measures help developers and consumers.
The cut in transfer and mortgage fees from 2% and 1%, respectively, to 0.01% should not be capped for units priced 3 million baht and lower, he said.
It should be applied to all price ranges, or at least up to 10 million baht. ....

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