Archive for November, 2010

Thailand best expat lifestyle in the World, survey says

Wednesday, November 24th, 2010

The worlds largest expat lifestyle survey, The Expat Explorer, has provided further insight into why many people choose to live in Phuket, Thailand.
Thailand was voted the top country by expats for overall experience and lifestyle.

Commissioned by HSBC Bank International, the Expat Explorer is the worlds largest and most comprehensive global survey of expats.

The worlds largest expat lifestyle survey, The Expat Explorer, has provided further insight into why many people choose to live in Phuket, Thailand.
Thailand was voted the top country by expats for overall experience and lifestyle.

Commissioned by HSBC Bank International, the Expat Explorer is the worlds largest and most comprehensive global survey of expats.

The Expat Experience is the second of the three reports which document the results of The Expat Explorer survey.

The Expat Experience focuses on peoples experiences when moving to their new country, integrating with the local society, their quality of lifestyle and a comparison with where they previously lived.

This year was the surveys third year and saw more than four thousand expats taking part.

One of the main sections of the report deals with quality of lifestyle, where participants rated accommodation, food, entertainment, healthcare, work, life balance, social life, commuting to work and opportunities for sport and travel.

The 4,127 people who took part in the survey ranked Thailand first, as the best overall expat experience.

Other countries scoring well in the survey were; South Africa which was voted the best country to start and set up a new life abroad and Spain which took the number one spot for the best country to integrate into.

At the other end of the scale, India received the lowest number of votes and ranked bottom in the three categories; overall experience, setting up and quality of life. Qatar was voted the worst country for overall integration.

 

source – www.prfire.co.uk

Thailand launches London ‘tuxi’

Wednesday, November 17th, 2010

The Tourism Authority of Thailand has launched a new promotional campaign that will see a fleet of vehicles dubbed ‘tuxis’ driving around the streets of England’s capital city.

Fifty London cabs have been decorated to look like a traditional Thai tuk-tuk, a form of transport that is popular among tourists visiting the country.

Featuring the strap line ‘See something amazing every day’, the special taxis were sent out onto the street after being officially launched at the Royal Thai Embassy in Kensington.

Among the first passengers to use the vehicles were Thailand’s ambassador and the governor of the country’s tourism organisation, who were transported to London’s ExCel centre for the first day of the World Travel Market.

As well as promoting Thailand, the taxis will give customers the opportunity to win a holiday with Thai Airways and Centara Hotels and Resorts.

source – www.news.opodo.co.uk

Asset managers see Thailand as great investment opportunity for 2011

Wednesday, November 17th, 2010

Thailand’s surging stock market has more room to run next year despite growing volatility in emerging markets, according to asset managers.
 
Strong economic fundamentals and little chance of an asset bubble mean that Thai equities still provide great investment opportunities, Aberdeen Asset Management believes.
 
Thailand is one of Asia’s best performers this year, bouncing back strongly from selling sparked by political violence in April and May to rise 40.1% to a 14 year high, fuelled by heavy local and foreign buying.
 
That’s more than three times as much as Hong Kong’s Hang Seng Index and as the MSCI’s measure of Asian stocks outside Japan, both up about 12%, but it is shy of Indonesia’s 44.3% rise this year.
 
Thailand’s fundamentals ‘are now supportive and underpin the record appreciation of the Thai baht which has reached 13 year highs against the dollar,’ said Adithep Vanabriksha, deputy chief investment officer who manages 27.7 billion baht (£578.5 million) in Thai assets for the British based firm.
 
‘Areas where we are positioned are commerce, insurance as well construction. Regionally, we plan to roll out two to three FIFs (foreign investment funds) next year whether in equities or fixed incomes,’ he added.
 
Aberdeen’s top holdings include wholesale operator Siam Makro, industrial conglomerate Siam Cement and hypermarket operator Big C Supercenter. Others include electronic makers Hana Microelectronics and insurance firms Bangkok Insurance and Thai Reinsurance.
 
Analysts expect further inflows of global capital into Thailand driven by a second round of US quantitative easing that could further support the Thai baht, which now trades at 29.95 per dollar, up 11.3% this year, as Asia’s second-strongest currency after the yen.
 
‘Looking at all the elements from balance sheets to growth stories or valuations to investment gains, talk of a bubble at this stage is still premature,’ said Vanabriksha, adding that he expects the market to find support from local investors looking for investment opportunities in long-term equity and retirement funds to reduce personal income taxes.
 
Aberdeen Long Term Equity Fund has gained 40.2% year, the company’s fund data showed. Its open ended Smart Capital RMF fund is up 40.24% year to date. Vanabriksha said Thai banks look expensive and Aberdeen has been ‘gradually adjusting’ its holdings to those with better yielding dividends and profits.
 
Property bubbles are still a worry in Asia, with Thailand the latest to announce tightening policies. ‘But the performance of this sector and the banks should benefit from such preventative measures over the long run,’ Vanabriksha said

 

source – www.investmentinternational.com