Bangkok’s financial centre status has slipped further, now ranking 93rd globally and third in Southeast Asia, trailing behind Singapore and Kuala Lumpur, according to the Global Financial Centres Index. Manila, Jakarta, and Ho Chi Minh City also lag in the rankings. Bangkok’s fall from its previous positions highlights challenges in financial technology development, where it’s ranked 102nd. Singapore continues to lead as Asia’s top financial hub, surpassing Hong Kong due to concerns over the rule of law under Beijing’s tightening grip. The study, encompassing 133 financial centres, shows stable economic outlooks among the top economies, with New York and London leading the global index. Singapore outperforms Hong Kong across all competitiveness criteria, reflecting its growing dominance as a financial epicentre in the region.
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