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.
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,”
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.
THAI airways to sell training center building to raise more funding
THAI airways has been hit hard by limited travel due to the COVID-19 pandemic, which comes as they were entered bankruptcy protection and sit on the verge of liquidation.
THAI airways is selling its Laksi training center building, in the Bangkhen district of Bangkok, its Nok-Air shares, its Bangkok Aviation Fuel Services (BAFS) shares and Boeing 737- 400 engines, after the bankruptcy court gave the go-ahead to do so.(more…)
Can the Subscription Economy Save Financial Services?
Going back to the pre-Covid “normal” is not an option for financial services. Fortunately, the rise of the subscription economy points towards frontiers of untapped growth for the sector.
As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: US banks are expected to suffer US$318 billion in net loan losses by the end of 2022, according to Deloitte.(more…)
How Thailand could Use satellite tech to help farmers in crisis
Without effective global warming policies, the 3.5 million rice farming households in Thailand are bearing the brunt of the climate crisis
Traveloka to launch financial services in Vietnam and Thailand
Traveloka, which says it has 40 million active monthly users, is developing “buy now, pay later” services for Vietnam and...
Singapore’s Resilience Package: Support for Businesses and Jobs in 2021
The maximum loan quantum for domestic projects is S$30 million (US$22.7 million) and the government’s risk-share of loans is up...
US pledges to enhance cooperation with Mekong subregion’s countries
The US will bolster support for countries in the Mekong subregion through the Mekong-US partnership, US Principal Deputy Assistant Secretary...
1.7 million Thais without smartphones register for "Rao Chana" benefits
The Rao Chana scheme has seen a large number of Thais who don't have smartphones visiting the branches of Krung...
BoI allows private sector in border logistics center
NAKHON PHANOM (NNT) – The Thailand Board of Investment (BoI) has agreed to allow the private sector getting involved in...
Thailand Post joins Prompt Song app to buy supplies at market for restaurants
BANGKOK (NNT) – Thailand Post Distribution Co., Ltd. has joined with the Prompt Song application to buy supplies at a...