Connect with us

Business

Bangkok 61st most expensive city to live in

Bangkok is ranked 61st place in the list of the world’s priciest cities in 2014, according to the Economist Intelligence Unit’s latest Worldwide Cost of Living survey.

Published

on

Bangkok is ranked 61st place in the list of the world’s priciest cities in 2014, according to the Economist Intelligence Unit’s latest Worldwide Cost of Living survey.

Coming on top of the list of 131 global cities surveyed in the bi-annual report is Singapore. It has dethroned last year’s champion, Tokyo, to become the world’s most expensive city in 2014. The cheapest city on the 131-city list on the survey is Mumbai, India.

Bangkok is more expensive than its neighbor, Kuala Lumpur, which comes in  90th place.

When looking at the most expensive cities by category it is interesting to note that Asian cities tend to form the priciest locations for general grocery shopping, with Tokyo still the most expensive
location for everyday food items. However, European cities tend to be priciest in the recreation and entertainment categories, perhaps reflecting a greater premium on discretionary income.

10mostexpensiveciies

EIU attributed currency appreciation, solid price inflation and high costs of living for Singapore’s dubious new distinction. It said car costs have very high related certificate of entitlement fees attached to them, which makes Singapore significantly more expensive than any other location when it comes to running a car.

“As a result, transport costs in Singapore are almost three times higher than in New York. In addition, as a city-state with very few natural resources to speak of, Singapore is reliant on other countries for energy and water supplies, making it the third most expensive destination for utility costs,”

it said. Singapore is also the priciest city in the world to buy clothes.

The cheapest cities in the ranking have a familiar feel to them, both in terms of geography and consistency. While Asia is home to some of the world’s most expensive cities, the region is also home
to many of the world’s cheapest cities too. Within Asia the best value for money is in the Indian subcontinent (defined as India, Pakistan, Bangladesh, Nepal and Sri Lanka). Mumbai is the cheapest
location in the survey and three of the four cheapest cities surveyed hail from Pakistan, India and Nepal.

10leastexprensivecitiesEIU

Comments

Business

Thailand ranked 3rd in ASEAN on Economic Freedom Index

Thailand has a business freedom index of 85.3 out of 100. This is a big improvement over last year, which helped to increase the country’s overall score to 69.7, a 0.3 point jump from last year.

Published

on

Thailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries and 42nd in the World on the most recent on Economic Freedom index. Singapore tops the list for the second consecutive year, followed by New Zealand and Australia.

Loading...
(more…)

Continue Reading

Business

Why Thai Firms Should Care About the Career Stage of China’s Officials

In Chinese bureaucracy, large-scale leadership turnover happens every five years, right on the heels of the Party’s National Congress: think of it as a window of opportunity for promotions, but with a few constraints

Published

on

Governments typically set a wide range of goals. This is reasonable and expected: For a society to grow sustainably, social stability-related targets are just as critical as economic ones.

Loading...
(more…)

Continue Reading

Business

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry

Last year, Thailand removed cannabis and hemp leaves from its list of banned narcotics (seeds and buds remain banned).

Published

on

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry over the next five years, but farmers stand to make little from growing the herb, experts say.

Loading...
(more…)

Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,819 other subscribers

Trending