Buriram Expats
Buriram Province - General Category => Jobs, economy, banking, business, investment in Buriram => Topic started by: Tassie on July 31, 2019, 02:07:38 AM
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I have read that Thai exports dropped by a massive 5.9% in 2018 and continue to fall in 2019. Tourists are now avoiding holidays in Thailand and choosing other cheaper destinations.
Thai immigration is forever creating new rules for permanent expats so if they keep it up expats will vote with their feet. Many will leave for the Phillipines where the US dollar is today trading at 58.24 pesos and the British Pound is trading at 61.79 pesos.
Indices Difference Info
Consumer Prices in Philippines are 25.44% lower than in Thailand
Consumer Prices Including Rent in Philippines are 31.17% lower than in Thailand
Rent Prices in Philippines are 49.21% lower than in Thailand
Restaurant Prices in Philippines are 15.61% lower than in Thailand
Groceries Prices in Philippines are 33.33% lower than in Thailand
Local Purchasing Power in Philippines is 31.79% lower than in Thailand
Regards
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I believe that Cambodia has taken the Top Prize for the 4th year in a row in the Cost of Living Category of the Annual Global Retirement Index scoring full marks of 100 out of 100 this year .
https://internationalliving.com/countries/cambodia/
But as our House is brought and paid for, I cant see any financial incentive for me to move there as any money saved would be taken up in rent .That is unless the baht drops to under 30B to the GBP !!!
For anyone thinking of moving to SE Asia to Retire than Cambodia is worth a first port of call.
Known as the 'Kingdom of Wonder', Cambodia is a place where retirees can upgrade their lifestyle to one of luxury on a modest budget.
Long term Visa's are easier to come by than Thailand and the low costs let expats in Cambodia live richly on a poor man's budget. moneysmile
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Indices Difference Info
Consumer Prices in Philippines are 22.27% lower than in Cambodia
Consumer Prices Including Rent in Philippines are 26.67% lower than in Cambodia
Rent Prices in Philippines are 41.93% lower than in Cambodia
Restaurant Prices in Philippines are 18.87% lower than in Cambodia
Groceries Prices in Philippines are 24.16% lower than in Cambodia
Local Purchasing Power in Philippines is 127.68% higher than in Cambodia
Regards
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Indices Difference Info
Consumer Prices in Philippines are 22.27% lower than in Cambodia
Consumer Prices Including Rent in Philippines are 26.67% lower than in Cambodia
Rent Prices in Philippines are 41.93% lower than in Cambodia
Restaurant Prices in Philippines are 18.87% lower than in Cambodia
Groceries Prices in Philippines are 24.16% lower than in Cambodia
Local Purchasing Power in Philippines is 127.68% higher than in Cambodia
Regards
It's not always case that the cheapest is the best ,other consideration have to be taken into account like ;)
http://www.retire-on-650-month.com/retirement-in-Cambodia-compared-to-Philippines-and-Thailand.php
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The article you presented was written some years ago. The Phillippines has a very good medical system compared to backward Cambodia. English is the primary language taught in schools in the Phillippines so translators are not required. A greater choice of western food is available in most shopping malls. Western food in supermarkets in Cambodia is very limited.
There is no comparison to the Phillippines in terms of beautiful islands and beaches. (Over 7,000 Phillippine Islands) (74 Cambodian Islands)
Living in the Philippines as a Retired Expat
Perks for expats include a government agency dedicated to retired expats, and the surrounding culture is welcoming to foreigners. Other incentives for 60+ expats include:
Duty-free import of $7,000 worth of household goods
Exemption from airport travel taxes
Your retiree visa does not expire, and you can leave and return to the country without having to reapply for residency
Regards
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Sounds OK Tassie but I have never been to the Philippines but I'm sure your right in all that you say. :)
What about Vietnam ???
Anyway I wouldn't worry to much as I have an Ex-Bank-manager friend that assured me the Baht will be back up to 50B to the GBP soon :biggrin:
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Smithy, the Phillippines are absolutely stunning. Like eveywhere, some places are better than others. Due dilligence and investigation, to pick the right place, is essential.
Indices Difference Info
Consumer Prices in Philippines are 2.27% lower than in Vietnam
Consumer Prices Including Rent in Philippines are 10.16% lower than in Vietnam
Rent Prices in Philippines are 34.64% lower than in Vietnam
Restaurant Prices in Philippines are 5.31% higher than in Vietnam
Groceries Prices in Philippines are 9.39% lower than in Vietnam
Local Purchasing Power in Philippines is 9.95% lower than in Vietnam
English is not widely spoken in Viet Nam
www.youtube.com/watch?v=LrU2OWxl8lc
Regards
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If you like to eat then experience the LEGENDARY All You Can Eat Buffet in Manila Philippines - Spiral Buffet Review
www.youtube.com/watch?v=n9JVbbRBqfY
Regards
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When are you packing your bags and moving Tassie :biggrin:
I remember when I lived in Koh Samui for 3 years, if you look at You Tubes it looks like paradise on earth, In fact its not that great but there are still a few hidden places on Samui that are nice.
Anyway I brought my lottery ticket today, so tomorrow I could be looking at moving away from the Village to somewhere with the sea lapping at my feet thumbup
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Smithy, I have already spent big in Thailand and will probably expire here but I will definately go back to the Phillippines for holidays.
Regards
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Smithy, I have already spent big in Thailand and will probably expire here but I will definately go back to the Phillippines for holidays.
Regards
To be honest I wish you had never brought this subject up!!
I've been talking with the Wife over the last few days about the falling Baht and whether or not to move to Vietnam, Philippines , Malaysia or Cambodia !!!ll All this has done is cause argument's , bad feeling's , disagreement's and tear's
The problem is ...... 'I want to move to Cambodia'..... and she wants ' to come with me ' :laugh: :laugh: :laugh:
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Smithy, I love your reply, I?m still laughing.
Depending upon ones age and health, I would give Cambodia a clear and resounding miss.
If I could sell my assets my wife said she would be happy to move to an island recreational fishing life in the Philippine?s.
I have a gut feeling and I might be completely wrong but I think that the Thai Immigration and the Thai Government really doesn't want us expats here unless one is a multi-millionaire.
El Nido and Coran are more than double the price of Puerto Princesa.
www.youtube.com/watch?v=el6dwXWS_00
www.youtube.com/watch?v=56_MEV8ClLg
Regards
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What an idyllic and simple no hassle life and they all speak English, no translators needed
www.youtube.com/watch?v=ZWDoBTllzwo
Regards
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What an idyllic and simple no hassle life and they all speak English, no translators needed
www.youtube.com/watch?v=ZWDoBTllzwo
Regards
I had almost 2 weeks on Palawan a couple of years back. A truly beautiful laid back Island for sure.
With friendly people all over, with the exception of El Nido, a place that has been a victim of it's own success
And only want's to grab your tourist $$
The Bay walk in Puerto Princessa is every bit as good, if not better than the video shows, and I feasted there many times.
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:( :( :(
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The Thai Baht is over valued by about 40%. Exports are crashing and tourists are evading the high cost of holidays and choosing other less expensive destinations. When Nero fiddled while Rome burned what music are they playing in Bangkok?
Regards
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Well Thailand is stuck in the 70?s so take your pick.
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Well Thailand is stuck in the 70?s so take your pick.
Would you please explain the comment.
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Sounds OK Tassie but I have never been to the Philippines but I'm sure your right in all that you say. :)
What about Vietnam ???
Anyway I wouldn't worry to much as I have an Ex-Bank-manager friend that assured me the Baht will be back up to 50B to the GBP soon :biggrin:
I think he said Christmas.......
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Sounds OK Tassie but I have never been to the Philippines but I'm sure your right in all that you say. :)
What about Vietnam ???
Anyway I wouldn't worry to much as I have an Ex-Bank-manager friend that assured me the Baht will be back up to 50B to the GBP soon :biggrin:
I think he said Christmas.......
https://vclock.com/timer/christmas-day/2030/
:laugh:
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Smithy, I wouldn't trust my future to a hunch from an ex bank manager, even though his forcast is honourable.
I expect everyone will have to be vigilant.
Regards
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Smithy, I wouldn't trust my future to a hunch from an ex bank manager, even though his forcast is honourable.
I expect everyone will have to be vigilant.
Regards
There is an element of sarcasm and banter in Smithy's post. A bit of a long standing joke.
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Smithy, I wouldn't trust my future to a hunch from an ex bank manager, even though his forcast is honourable.
So you know him as well :D :D :D
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Smithy,
I have been extraordinarily lucky during my life as everything I ever bought did not entail getting a loan from a Bankster. If I didn't have the cash then I didn't own it and that includes cars and houses. I lived within my means.
If the Thai Immigration want Ferangs and their money out of Thailand then they are going about it in the right way. The financial flood gates are now wide open.
Thailand is financially haemorrhaging and the expert elite are playing the fiddle and the rest of us can choose our own fate. The Thai baht is 40% over valued.
Regards
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Smithy,
I have been extraordinarily lucky during my life as everything I ever bought did not entail getting a loan from a Bankster. If I didn't have the cash then I didn't own it and that includes cars and houses. I lived within my means.
If the Thai Immigration want Ferangs and their money out of Thailand then they are going about it in the right way. The financial flood gates are now wide open.
Thailand is financially haemorrhaging and the expert elite are playing the fiddle and the rest of us can choose our own fate. The Thai baht is 40% over valued.
Regards
I think many of us fall into that category of not using credit( bank Loans/mortgage) to live in Thailand.
I sold my house in the UK 20 years ago and moved to Thailand and like you everything I have has been paid for in cash
I did buy a new Honda Wave 2/3 years ago for 38k. I paid 20k and 6k a month for 3 month. I did this as they were offering 3 months interest free credit .I could have paid 38k outright but with interest free credit it would be silly not to take up the offer.
Many are having to tighten their belts with these crazy exchange rates!!!
I've lived in Thailand for nearly 20 years and for 5 of those years Me and My Wife lived on less than 10K a month so I know how to live on a tight budget. Because of those 5 years I still live a frugal lifestyle of about 25k a month and now manage to save over 50% of my monthly income.
Like many of us I have no rent as our house is brought and paid for and my only main bills are Internet and Electric ( about 2500 B ) . I don't smoke or drink ( and I only swear if it slips out :biggrin: ).
I do my yearly Visa Extention in Savannakhet so I don't have to show the Thai Immigration money in the bank each year. But if that route was to close I have money in the UK I could bring over to boost my Thai bank account to meet their requirements .
I remember my good friend Tommynew saying to me a year or so ago that if the Baht fell below 42 he would struggle. I told him there is no way the Baht would drop below that , that shows you how much I know about the exchange rate crisis !!! Unfortunately he died back in May but only after going to Savannakhet in February to get his yearly Visa as he couldn't meet the Thai Immigration visa extension requirements any more.
All we can do is just hope and pray that the exchange rates become more favorable in the near future !!! :( or as you have suggested move to pastures new .
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Because of those 5 years I still live a frugal lifestyle of about 25k a month and now manage to save over 50% of my monthly income.
Someone asked me how do you live on 12,500 a month. :o
What I meant to say is I spend about 25k a month and save about the same from my monthly income .
But I can assure anyone that you can live on 10/12k a month but it is living on survival mode. :biggrin: