Manila rose two places to 102nd out of 120 global financial centers in the 39th edition of the biannual Global Financial Centers Index (GFCI) by London-based thinkManila rose two places to 102nd out of 120 global financial centers in the 39th edition of the biannual Global Financial Centers Index (GFCI) by London-based think
Manila climbs two spots in financial center ranking
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Manila rose two places to 102nd out of 120 global financial centers in the 39th edition of the biannual Global Financial Centers Index (GFCI) by London-based think tank Z/Yen as part of its Long Finance initiative. Despite the improvement, the Philippine capital still remained the laggard among its peers in the Southeast Asian region. In a separate assessment of countries as financial technology (fintech) providers, Manila retained the 93rd rank out of 116 financial centers. The GFCI evaluates the future competitiveness of financial centers and is used as a reference for policy and investment decision-makers.
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