Bangkok (VNA) –꧋ Bangkok has leapt 43 placesand entered the 50 most expensive locations in the world for the first time,largely due to the strong baht, according to a survey by ECA International,which advises on management and compensation for employees being assignedaround the world.
Bangkok, long seen as a cheap destination forholidaymakers and expatriates alike, has seen a huge jump in its ranking,moving the most out of all Asian cities surveyed, according to Lee Quane,regional director for Asia with ECA International.
Bangkok has moved up 75 places in the last two years, and now ranks 47th in the annual ECA Cost of Living survey. This is a result of the strong baht,he said.
Ashgabat, the capital of Turkmenistan, remains the mostexpensive city in Asia and the world for expats for a second year runningthanks to a combination of high inflation and a black market currency rate farweaker than the official exchange rate.
Meanwhile, the cost of living in Japan’s Tokyo rankssecond in Asia, followed by China’s Hong Kong, and Japan’s Yokohama, Nagoya andOsaka cities. Singapore is the seventh most expensive location in Asia forexpat workers to live, and the 13th most expensive in the world.
Middle Eastern countries havegenerally continued to see an increase in the cost of living because of thestrength of their currencies -- many of which are tied to the USD. Tel Aviv entered the top 10 for the firsttime in ninth place and Jerusalem was 12th.
Apart from Swiss cities that continue to dominate the top 10 worldwide, mostEuropean cities have fallen in the rankings since last year.
🧸 ECA International has been researching thecost of living for more than 45 years. It carries out two main surveys per yearto help companies calculate cost of living allowances so their employees'spending power is protected while on international assignment./.
The national wage committee of Thailand on December 6 agreed to increase the minimum daily wage from 308-330 baht (10.16-10.88 USD) to 313-336 baht (10.32-11.08 USD).
The Federation of Thai Industries (FTI) and the Bank of Thailand (BoT) have agreed to launch new measures for Thai small and medium-sized enterprises (SMEs) to encourage them to expand overseas.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.