Bangkok

Bangkok now in the Top 10 list for most expensive Asian locations for expats

Published

7 months ago

March 17, 2019

The Thaiger & The Nation

Bangkok now in the Top 10 list for most expensive Asian locations for expats | The Thaiger

Bangkok has, for the first time, made it into the list of Asia’s top 10 most expensive locations for expats.

A rise in average rental prices this year caused by an influx of expats from China and an increase in tourism traffic have hit expats and put the city in 10th place on the annual list, with an average US$3,880 (122,757 baht) monthly rental cost for an unfurnished three-bedroom apartment.

The finding are from ECA International, a leading provider of knowledge, information and software for the management and assignment of employees around the world.

“Increases in rents reflect a continuation in foreign investment in Thailand. Thailand remains a popular regional destination for many multinational corporations,” said Lee Quane, regional director for Asia at ECA International.

“However, they have been joined by newly globalising companies from China, which has led to a higher demand for rental accommodation from an expatriate population that typically rents in a relatively small geographical area in central Bangkok.

“Furthermore, the growth in tourism in Bangkok has also had an impact on rental prices, given the increase in the number of properties being converted from long-term to short-term rental to cater to this demand.”

Rental prices for expats in Singapore have dropped by 1.3% to an average of US$4,215 (130,509 baht) per month.

Singapore remains in Asia’s top 10 most expensive locations for expatriate rents, and is in the top 25 most expensive locations for expats rents globally.

Hong Kong is the most expensive location in the world, with an average monthly rental cost of US $10,929 (345,777 baht).

Globally, New York and Tokyo are in second and third place respectively.

SOURCE: The Nation

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Related Topics:Asia cost of living Expats expensive

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ASEAN

Bangkok and Nonthaburi to get 2 extra holidays during ASEAN summit

Published

1 day ago

October 16, 2019

May Taylor

Bangkok and Nonthaburi to get 2 extra holidays during ASEAN summit | The Thaiger

November 4 and 5 have been approved as official holidays for Bangkok and Nonthaburi as a result of the 35th Asean Summit and Related Summits being held at Impact Arena Muang Thong Thani in Bangkok.

Deputy government spokeswoman Traisulee Traisoranakul confirmed yesterday that the measure was being taken in an effort to alleviate traffic problems in both areas during the summit, adding that other state enterprises and the Bank of Thailand could implement the holidays for their subsidiaries at their own discretion and on a case-by-case basis.

“Government agencies in Bangkok and Nonthaburi will stop working on these dates. Meanwhile, state enterprises and the Bank of Thailand will consider announcing November 4 and 5 as holidays for their subsidiaries on case-by-case basis.”

“However, government agencies which have a necessity to provide urgent or previously scheduled services to their clients that cannot be postponed may stay open on November 4 and 5, depending on the decision by the heads of these departments.”

Some other public or regional holidays coming up…

SOURCE: The Nation

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Bangkok

Colourful European ecstasy tablets targeting Thai youth

Published

1 day ago

October 16, 2019

The Thaiger

PHOTO: CTN News

The Narcotics Control Board are warning about cartoon-character labelled ecstasy pills that are being smuggled from Europe and heading for Thailand and a growing market of younger users. Some of the colourful pills had been cast as characters from Minions movies and The Simpsons.

The Office of the Narcotics Control Board deputy secretary-general Niyom Termsrisook told reporters about the ecstasy pills following the arrest of a woman in Pathum Thani, just north of Bangkok, last week. The woman was arrested with about 28,000 cartoon-character ecstasy pills on October 8. Niyom said they had been tracked back to a European supplier.

“The pills were produced in France and the Netherlands. Drug dealers have also been expanding their markets to south east Asia. The drugs are smuggled through airports in Cambodia and Vietnam.”

“The pills are stored in Cambodia before being smuggled through natural border passages to Thailand.

Niyom alleged the smugglers were victims of human traffickers hired by African traffickers.

He said that local sellers of the ecstasy pills are targeting young pub goers as the drugs have a sex-stimulant property.

A source at the ONCB said a quantity of cartoon-character ecstasy pills was earlier seized at Suvarnabhumi airport in the capital. The pills were smuggled from the Netherlands where they were priced at 60 baht per pill.

SOURCE: Chiang Rai Times

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Bangkok

Thai High Speed Railway linking airports now to be signed off on October 25

Published

2 days ago

October 15, 2019

The Thaiger

The State Railway of Thailand and the Charoen Pokphand Group-led consortium are putting pen to paper and signing the contract for the high-speed train project on October 25.

The much-discussed high speed railway will link Suvarnabhumi, Don Mueang and U-Tapao international airports. The new SRT board was approved by the Thai cabinet today.

Deputy PM Anutin Charnvirakul says he is confident the contract will now be signed, adding that he has already met with Supachai Chearavanont, CEO of the CP group, and assured him of the government’s full cooperation and support.

The Charoen Pokphand-led consortium won the bid to develop the 224-billion baht high-speed train infrastructure as a signature project for the government’s flagship Eastern Economic Corridor (EEC) high-tech investment hub. The train service is scheduled to be operational in 2024 (The Thaiger is taking bets now).

Recently, however, the CP-led consortium raised concerns over land expropriation and eviction problems and asked for the government to share the risk on this issue. The Transport Ministry has already rejected the request putting the onus on CP as part of the proposal.

Mr. Anutin explained that, in any large infrastructure project involving expropriation of land, it is usual for the government or state agency not to be able to hand over the land to the contractor all at once. In such cases, the contracted completion date can be moved back.

He said the CP-led consortium should proceed with the high-speed train project without further delay because 70% of the land is ready to be handed over.

Meanwhile, the deputy PM admits that he didn’t know why the entire SRT board resigned en masse, delaying the signing of the contract, and denied that he had put pressure on the board to quit. He also denied that Transport Minister Saksayam Chidchob, also of the Bhumjaithai party, objected to the SRT board’s mass resignation because the latter wanted the contract to be signed quickly.

SOURCE: Thai PBS