Western expatriates are leaving Asia
We noticed that our own Bill Lloyd of Asian Tigers Indonesia is quoted in the current issue of The Economist. The article is about the flow of expats out of Asia is very relevant to our industry. We hope you find this interesting and informative.
When Jakarta went into lockdown in April Asian Tigers Group, a moving company, received a flurry of business from wealthy expatriates who had fled overnight. Removal teams were led into deserted homes by maids or colleagues. Without the owners on hand to sort belongings, they found themselves stripping beds and packing dirty sheets into boxes alongside broken toys and other junk.
All the expats who want to move away have now done so and there are few new arrivals. Asian Tigers is laying off staff for the first time in its 35-year history. “Unless the tap turns back on we’re in a tough spot,” says Bill Lloyd, head of the group’s Indonesian operations.
If you want to read the full version, you can click hereor visit The Economist.
This article appeared in the Asia section of the print edition under the headline "Shipping out".