Thai cities continue to be among the biggest risers in the Cost of Living rankings, with Bangkok rising 43 places and entering the top 50 most expensive locations for the first time, at 47th place.
This was one of the findings of the latest Cost of Living survey published by ECA International, the world’s leading provider of knowledge, information and software for the management and assignment of employees around the world.
Bangkok, long seen as a cheap destination for holidaymakers and expatriates alike, has seen a huge jump in its rankings, moving the most out of all Asian cities surveyed.Lee Quane, Regional Director – Asia for ECA International
This is largely the result of a strong Thai baht. We have seen Thai cities moving significantly up the rankings over the past few years – Bangkok has moved up 75 places in the last two years alone while Chiang Mai moved up 56 places in the same period.”
ECA International has been conducting research into the cost of living for more than 45 years. It carries out two main surveys per year to help companies calculate cost of living allowances so that their employees’ spending power is protected while on international assignment.
The surveys compare a basket of like-for-like consumer goods and services commonly purchased by assignees in over 480 locations worldwide. Certain living costs, such as accommodation rental, utilities, car purchases and school fees are usually covered by separate allowances. Data for these costs are collected separately and are not included in ECA’s cost of living basket.
Thailand’s illegal gambling market
Police in Thailand are tasked with monitoring illegal gambling. Raids regularly take place that result in fines and or jail time for people found to be hosting or playing in illegal gambling events.
Almost every form of gambling is illegal in Thailand and has been since 1935. But while the neon flashing world of online gambling was still the stuff of science fiction in the prelude to World War Two – when Thailand’s gambling laws were made – the remote sector is still banned in the country.(more…)
Cloud kitchens heat up in Asia Pacific
Revenue from online food delivery in Asia will hit US$58.4 million this year, and is projected to grow 10.5 percent in the next four years, data from research firm Statistica shows.
Instead of eating out or cooking at home, more people are ordering in. And the insatiable appetite for food delivery business is fuelling the growth of cloud kitchens in Asia’s biggest markets.(more…)
Bangkok drops to 20th spot on expat-friendly cities ranking
Bangkok experienced a significant drop in 2019 compared to the 2018 edition of the list, where Thailand’s capital ranked 5th worldwide and 4th in Asia.
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