Manila slips in financial center ranking
Manila slid five spots to 100th out of 119 global financial centers in the 31st edition of the biannual Global Financial Centers Index (GFCI) that assesses the competitiveness of financial centers around the world. The country’s total GFCI rating also went down by a point to 546. A separate assessment on financial technology (fintech) ranked the Philippine capital at 77th out of 113 financial centers in terms of how respondents perceive the competitive environment and fintech offerings. Manila fell two spots from 75th place in September last year.
