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Thailand, Singapore are getting more expensive for expats

THAILAND and Singapore were among the biggest risers in a recent survey of most expensive locations in the world for expatriates. Multinational human resource consultants ECA International, in its recently released Cost of Living survey, revealed that Thailand rose 32 places this year to enter the top 100 most expensive locations for the first time. ECA International Regional Director Lee Quane said over the past five years, the Thai capital Bangkok has climbed more than 80 places to 90th place in the company’s cost of living rankings. SEE ALSO: Why the Philippines might trim its number of expats soon “The Thai baht has strengthened in recent years, as the economy has expanded and the political landscape has stabilised,” Quane said in the report. “This means that Thai locations are now significantly more expensive for expat workers than they have been in the past.” ECA, which has been conducting research into cost of living for more than four decades, carries out two main surveys on the expatriates per year. The surveys were meant to help employers calculate cost of living allowances so that their employees’ spending power is not compromised while on international assignment, comparing “a basket of like-for-like” consumer goods and services commonly purchased by assignees in over 450 locations worldwide. ... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, Thailand, Singapore are getting more expensive for expats, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you Thailand, Singapore are getting more expensive for expats

 

 

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Published By: ASIAN CORRESPONDENT - Tuesday, 18 December

 

 

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