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
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 39th in the world
- Singapore falls to 14th 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 39th overall,” said Lee Quane, Regional Director – Asia at ECA International.
Lifestyle
Can Thailand learn from South Korea’s expanding soft power?
For many years, South Korea has been projecting its soft power on the global stage, mainly through the successful export of its teledramas, the increasingly popular K-pop music, Korean movies, and lately the Netflix show “Squid Game”.
The spillover from the South Korean entertainment business surge has even benefited Thailand. Thai singer Lalisa Manobal, born in the northeastern province of Buriram, recently launched her first single album. She is now a member of the South Korean girl group “Blackpink” formed by YG Entertainment.
(more…)Press Release
Feathers Fly Over: Cock-fighting is One of Thailand’s Most Popular Activities
Some Thai citizens are fighting to end this practice. The notion of animal welfare is slowly gaining momentum in the country. Their push saw the introduction of the first-ever animal welfare law to the applause of animal rights activists.
Cock-fighting is a popular sport in Thailand. If you thought that was a cliché, then consider the fact that top-fighting birds could cost up to 3 million baht, and gambling wagers are usually as large as 22 million baht.
(more…)
True and Dtac Merger Talks Highlight Necessity of Scale at Thai Telcos
The merger between True Corporation, a subsidiary of conglomerate Charoen Pokphand Group, and Total Access Communication (Dtac), a subsidiary of...
Vietnam’s Tay Ninh Province: Promising for Investors in the Greater Mekong Subregion
The SKER is one of four key economic regions which cover most economic and investment hubs in the country. The...
Pakorn Peetathawatchai, President, The Stock Exchange of Thailand (SET)
What measures has SET taken to support listed companies’ compliance with ESG standards?PAKORN PEETATHAWATCHAI: PAKORN: When we first began promoting...
Quarantine Exemption for Vaccinated Travelers in Thailand: What You Need to Know
Fully vaccinated travelers from 63 “low-risk” countries and regions can now enter Thailand without any quarantine requirements.
Thailand eases entry rules from 16 December 2021
What’s New: In addition to arrival by air, travellers will be allowed to enter by land (at Nong Khai’s border...
