Expat Thailand News

Latest 10 news items tagged Thailand

16 Dec at 6 PM 2014

Australian expat slapped by Buddhist monk in Thailand

An expat English teacher received a nasty slap from a Buddhist monk in Thailand after he generously offered two women a double seat on the train he was travelling on. The incident occurred after the Australian, Jeff, offered two women the double seat he was sitting on from Bangkok to Phitsakulok when they got on the train. After the two women accepted the offer, Jeff moved over to sit on the single seat available next to the monk, but when he asked if it was “fine” to sit there, the monk took offence and slapped him across the...
13 Nov at 2 PM 2014

Taiwan best place for expat healthcare

Taiwan has been named the number one country in the world for expats in terms of having the cheapest and best medical facilities, according to a new survey. The research showed that almost seven in 10 expats in the east Asian country said healthcare costs them less than it did before they moved there - in comparison to the global average of three in 10. Furthermore, nearly two-thirds of expats in the country said the healthcare there was better than it was in their homeland, compared to the global average of just under four in 10. The...
10 Nov at 6 PM 2014

UK mafia gangs investing in property purchase scams in Thailand

For decades, tropical Thailand has been a retirement haven for UK expats for its cheap cost of living and year-round sunshine, but buying a condo has always been a risky business. It’s not just the government rules on the purchase of property by foreigners which can ruin the dream, it’s the continuing off-plan property scams perpetrated by dishonest expat developers. The latest to emerge involves a condo block in Pattaya’s Jomtien district – or it would be in Jomtien if it had been built! More than 100 would-be expats have...
7 Nov at 6 PM 2014

Expats find the girl of their dreams after moving overseas

Finding the perfect love match is now an officially-confirmed reason for migration to a far-off land, as many expats find once they’ve taken the plunge. One light-hearted result of this year’s HSBC Expat Explorer survey of over 9,000 expats settled all over the world is that many found the love of their life after leaving the UK. An average of 36 per cent of those surveyed admitted that they’d fallen for a local girl. Top of the tree for suitable partners was romantic Italy, with 57 per cent of respondents cohabiting happily...
4 Nov at 6 PM 2014

Harlequin pension saver victims hit with financial double whammy

Scammed retirement savers whose cash was lost in the Harlequin property crash are now facing up to ten years’ continuing charges by their pension providers. Affected investors who were persuaded to take out QROPS and SIPPS-wrapped products have not only lost every penny of their savings, but are being charged £500 per annum by the pension providers themselves. Ostensibly referred to as management charges, the totals taken by providers will add some £17 million to the estimated losses. Thousands of pension savers are affected,...
28 Oct at 6 PM 2014

US expat woes increase thanks to FATCA

A recent survey undertaken with a sample of US expats living in popular destinations revealed that almost three-quarters of respondents had considered voluntarily renouncing their citizenship to avoid the onerous FATCA requirements. The complications of endless form-filling, the threat of being barred from opening local bank accounts and the invasion of personal financial privacy have already resulted in an unprecedented number of US expat citizens giving up their passports. According to the survey, 73 per cent of respondents admitted...
27 Oct at 6 PM 2014

Survey shows Asian hubs offer more bang for the expat buck

The recently-published annual HSBC Expat survey has revealed that Asian locations offer the most affordable costs of living due to their cheaper accommodation, utility charges and groceries. The well-regarded survey, based on expats’ ability to afford essential services and goods as well as on average disposable incomes, saw Switzerland hit the number one position as regards overall quality of life. However, for mere expat mortals rather than retired bankers, Asian destinations won out on sheer affordability. Thailand and Vietnam...
21 Oct at 6 PM 2014

Expats turn their backs on international medical insurance due to soaring costs

A recent survey revealed that 25 per cent of UK expats no longer believe that costly international medical insurance is a necessity. Factoring in the ever-increasing expense of international health insurance is a headache for all but the wealthiest of expats, wherever in the world they’ve decided to make their new homes. Overseas private hospitals, especially in Asian countries, are businesses first and healthcare providers second. The 75 per cent of participants who bought health insurance seemed satisfied with the service...
15 Oct at 11 AM 2014

Foreign countries ramp up incentives to attract expat retirees

Senior citizens in first world countries such as the UK and USA are being offered a variety of retirement incentives such as tax breaks and easy visa options by an increasing number of states worldwide. The value of would-be expat pensioners to second and third world economies seems at last to be obvious to a good number of far-flung yet attractive destinations’ governments. American expats started the trend with an exodus across the country’s southern border to Mexico, with Ecuador now a favourite for its cheaper expat mortgages,...
14 Oct at 6 PM 2014

British banks closing accounts held by expats with no UK address

The recent move by British banks to close down long-standing current accounts owned by UK expats is causing major problems in overseas retirement destinations. A number of British banks, including Santander and Lloyds, have recently closed down the current bank accounts of expats living overseas, giving them little time to rearrange their finances and causing problems with pension payments, overseas withdrawals and purchases in the host country. The majority of destinations popular with UK expat retirees and those working on contract...