Lifestyle

Thailand sees major drop in cost of living rankings following the effects of Covid-19

The only Thai city that remains in the global top 100 most expensive locations is Bangkok, but even the Thai capital fell 16 places in the rankings to 39th overall

Published

4 months ago

December 15, 2020

Pr News

Thai and Vietnamese locations fell by at least ten places in the rankings this year as the pandemic hit local economies.

Thai locations dropped by at least ten places in this year’s global rankings, with Bangkok falling by 16 places to 39^th in the world
Singapore falls to 14^th most expensive location for overseas workers, overtaken by Danish and Swiss locations as the Singapore dollar weakens
Hong Kong remains the most expensive location for expatriates to live in, despite falling rental prices
Tokyo comes in second in the global rankings, with New York in third place

These are the key findings of the latest global Cost of Living research published by ECA International, the world’s leading provider of knowledge, information and software for the management and assignment of employees around the world.

“Both the Thai baht and Vietnamese dong weakened significantly against other major currencies during the Covid-19 pandemic, partly due to a major blow to the tourism industry as fewer visitors travelled to the region. Rental costs also fell due to the weaker demand.

The only Thai city that remains in the global top 100 most expensive locations is Bangkok, but even the Thai capital fell 16 places in the rankings to 39^th overall,” said Lee Quane, Regional Director – Asia at ECA International.

Lifestyle

Thailand remains 54th in World Happiness Report’s ranking

As one would expect with lockdowns and physical distancing, the pandemic had a significant effect on workforce well-being. Falling unemployed during the pandemic is associated with a 12% drop in life satisfaction.

Published

2 weeks ago

March 22, 2021

Olivier Languepin

The 2021 World Happiness Report marks a sombre moment as COVID-19 continues to rage on a little more than a year since it was declared a pandemic by the WHO.

(more…)

Lifestyle

Gambling in Asia: Thailand and more

There is a large demand for gambling throughout Asia, which is detailed below in a comparison between various countries, such as Thailand and more.

Published

1 month ago

March 5, 2021

Pr News

One of the fastest growing industries in the world is the gambling industry. It is currently worth around $443.2 billion, and is expected to continue climbing to an estimated $647 billion by 2027.

(more…)

Health

Skin-lightening products market to reach US$31 billion by 2024

In emerging Asian and African economies, the natural aspiration to enhance one’s circumstances has led to rapid growth in the market for skin-lightening products, which is projected to reach US$31 billion by 2024.