THOSE looking for a cheap-as-chips place to base themselves are best to avoid Paris, Hong Kong and Singapore: all three have been crowned as the world’s priciest cities to live in. At the other extreme, economic gurus have pinpointed Caracas, the capital of crisis-hit Venezuela, as the least expensive due to its one million per cent hyperinflation and “social unrest”. Their findings were revealed following a biannual survey by the Economist Intelligence Unit – which compared costs in 133 cities, delving into more than 400 individual prices across 160 products and services. These include food, drink, clothing, household supplies, transport, utility bills and even domestic help and recreational costs. While the cost of an “average 1kg loaf of bread” will cost a measly 60p (US$0.77) in Caracas – a drop of about £1 in the past year – it’ll set you back more than £4 ($5.66) in Paris and £2.56 ($3.40) in Singapore, the … [Read more...] about World’s most expensive cities revealed where a loaf of bread costs up to £12 and the average haircut will set you back £90
Singapore most expensive city
Paris has been given the title of the world’s most expensive city along with Singapore and Hong Kong, according to The Economist Intelligence Unit's (EIU) 2019 Worldwide Cost of Living Survey. It is "not surprising" that the French capital was high up in the ranking as it has been in the top 10 since 2003, report author Roxana Slavcheva told Euronews. However, the fact that the city had jumped six places in two years was "not insignificant". The EIU considers and compares the average cost of more than 160 items — from food, toiletries and clothing, to domestic help, transport, and utility bills — in 133 cities across 93 countries. "While Paris offers value for money on things like alcohol, transport and tobacco, categories like personal care, recreation and entertainment, as well as household supplies tend to be the highest costs in European cities and Paris is not an exception here," Slavcheva added. London and Manchester, the two UK surveys included in the index, … [Read more...] about Europe is home to some of the most expensive cities in the world in 2019 — where are they?
By Aradhana Aravindan and Fathin Ungku SINGAPORE (Reuters) - Mohsin Khan is still at his job repairing aircraft hydraulics parts although the Singaporean turns 75 in a couple of months. His technical skills are prized by his employer, and as his eyesight deteriorated slightly, the company invested about two years ago in a S$11,000 (£6,273) laser-marker machine that uses a large screen to help emboss numbers in tiny font on metal plates. About 80 percent of the money was subsidised by Singapore's 'job-redesign' grant, one of several government schemes to help companies with older staff. For his employer, Aerospace Component Engineering Services (ACE Services), the grant helps retain workers like Khan whose skills are difficult to replace. Khan says he remains employed and paid a salary long after his contemporaries had retired. "I didn't want to be idling at home - doing nothing and spending money," he said. Tiny Singapore, one of the wealthiest nations in Asia, is seen as a test … [Read more...] about Ageing Singapore: City-state helps firms retain workers past retirement age
Distant locals and a difficult housing market are among the factors resulting in a poor ranking for Scandinavian capitals in a survey on life for internationals in major cities. Copenhagen was ranked 54th and Stockholm 69th overall in the Expat City Ranking, based on a survey conducted by InterNations, a worldwide community for expats. The Danish and Swedish capitals both ranked in the bottom 10 for finance and housing in the list of 72 cities, placing 63rd and 71st respectively. Although Copenhagen in particular fared far better in the work-life balance category, rating in 1st place while Stockholm was 24th, that was not enough to save the overall disappointing ranking for the two cities. Difficulty in settling as a newcomer was a further element of the survey in which the two cities did poorly: Copenhagen was found to be 61st and Stockholm 69th most difficult city in which to settle. The ranking, based on survey responses from 18,000 people living and working abroad, is … [Read more...] about Copenhagen, Stockholm given dismal rankings in expat city survey
By John Geddie and Aradhana Aravindan SINGAPORE (Reuters) - When James Dyson, the billionaire British inventor of the bagless vacuum cleaner, unveiled a plan to build an electric car plant in Singapore, it raised a few eyebrows. Not only does the land-starved city state have some of the highest average salaries in the world, but it has been nearly 40 years since Ford <F.N> closed its factory in Singapore, effectively ending car production on the Southeast Asian island. "It is a bit of a surprise because of the cost base and no other car manufacturing plant being here," said Shantanu Majumdar, a regional director at consultancy JD Power. Dyson said on Tuesday the decision was based on supply chains, access to markets and the availability of expertise, which offset the cost factor. But what other factors could have influenced the decision? Why not head straight to the biggest electric vehicle market in the world, China, like rival Tesla <TSLA.O>? Here's a look at some of the … [Read more...] about Why did Dyson pick Singapore to build its electric car?