By Rob Starr, Content Manager, Big4.com
The Fifth Edition of PwC’s Cities of Opportunity study has Singapore climbing two places to 7th position out of 27 cities surveyed, ranking first in ease of doing business, and transportation and infrastructure.
“Singapore continues to be a key financial hub in Asia, and its high ranking reflects the city’s attraction as an economically competitive and easy place to do business. Apart from its strong trade network, infrastructure and skilled workforce, Singapore is also able to stay nimble to seize opportunities, which is a characteristic that helps it cope with economic uncertainty.” says Mr Gautam Banerjee, Executive Chairman of PwC Singapore. “The cities that are a magnet for people have global appeal, but at the same time they continue to act locally, meaning their residents have a collective experience that they share and enjoy.”
Singapore ranks within the top ten places for ease of doing business, economic clout, technology readiness, transportation and infrastructure and health, safety and security.New York and London finish in a virtual tie to lead overall scoring. While New York officially edges out London by one point across 10 economic indicators, the city wins in no individual category. Toronto, which finishes third, also shows great balance yet wins no category.