Manila inches up in Financial Centers Index
The Philippine capital inched up a notch to 101st out of 121 financial centers in the 35th edition of the biannual Global Financial Centers Index (GFCI). The GFCI provides evaluation of future competitiveness of financial centers around the world and serves as a valuable reference for policy and investment decision makers. Manila’s GFCI score rose by 17 points to 631. Meanwhile, in a separate assessment of financial technology (fintech), the capital fell four places to 97th out of 116 financial centers.
