Amazon To Invest $2B In Affordable Housing In Its Biggest Employment Markets

One of the most sought-after office employers in the U.S. has taken a step toward recognizing a negative side effect of its job creation. Amazon has announced a pledge of $2B toward the creation and preservation of affordable housing in its home city of Seattle, the location of its second headquarters in Arlington, Virginia, and the home of its "National Operations Center of Excellence" in Nashville, Tennessee, the Wall Street Journal reports. Amazon will distribute the large

Long-term investment optimism

Three in four Thai firms to increase investment despite weak business sentiment, HSBC survey finds Buffeted by the pandemic and other headwinds, the majority of companies in Thailand are focusing on intra-regional trade to grow in the post-Covid world, according to HSBC. Of the Thai businesses that participated in the latest HSBC Navigator survey, 65% are currently trading within Asia Pacific, the bank said. Meanwhile, mainland China continues to hold importance as an investm

K PLUS brings financial convenience to expats in Thailand

Thailand is a popular destination for expatriates from across the globe. The country’s vibrant atmosphere, lovely people and interesting culture draw many foreigners to settle here. Based on Foreign Workers Administration Office, Department of Employment, Ministry of Labour data, 143,487 foreign professionals and skilled workers were living in Thailand as of end-October 2020. The Expat City Ranking 2020, issued by InterNations, places Bangkok 30th out of 66 cities featured in

Economic fire continues to rage

The struggles and successes amid the pandemic may be permanent. Fighting the pandemic and keeping the ailing economy going have been almost insurmountable tasks for Thailand this year. The Bank of Thailand has forecast a GDP contraction of 7.8% in 2020, crucially weighed down by the outbreak. After wading through the first lockdown and fending off new local infections for months, a sudden spike in new infections this week is expected to drag businesses back towards the circli

Thailand's economic outlook for 2021

The Thai economy will grow next year after contracting by almost 10% this year. Next year, the Thai economy is expected to expand 3 to 4% from this year. It will not be until the end of 2022 before the Thai economy returns to its pre-Covid level of 2019. However, if there is another wave of Covid-19 in Thailand, or if effective vaccines are delayed, the recovery could be slower than anticipated. The recovery is contingent upon a rebound in tourism and exports. Should large-sc