Wednesday, May 25, 2022

Asian cities more expensive, Bangkok up 37 places

Exchange rate fluctuations continue to be the major influence on cost of living movements over the past year, according to the latest survey conducted by ECA International, the world’s leader in the development and provision of solutions for the management and assignment of employees around the world. Thailand Business News

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Asian cities more expensive, Bangkok up 37 places

Domestic demand has also shown signs of life, but the severe weather, the withdrawal of consumption-based fiscal stimulus and political uncertainty should be a drag on growth. With a large fraction of the population still occupied in agriculture or working in rural areas, agriculture is a critical variable for the performance of household consumption.

Bangkok street
Exchange rate fluctuations continue to be the major influence on cost of living movements over the past year, according to the latest survey conducted by ECA International

Policies that could contribute to reducing Thailand’s dependence on foreign demand include a phased liberalization of the services sector, boosting transport infrastructure, a reform of educational curricula and improved access and quality of higher education to boost skills of the labor force, better integration of universities, firms and government, and improved social safety nets

In Vietnam, households use to held their savings in cash or real estate. With the opening of the stock market, you have seen a tremendous shift of funds into the capital market.
But for the smaller companies, you see much greater volatility in returns,’’ he said, adding that smaller firms on the SET with market cap below $200 million offer 40% to 60% lower long-term TSRs compared with their larger brethren.

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Thailand Business News is a comprehensive news service about Thailand with a business and financial perspective edited in Bangkok by Siam News Network

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