Watch out London, Singapore is next in line as best financial hub

SINGAPORE (Sept 7): Singapore is next in line if London loses its status as leading business hub in the world.

The Asian island nation ranks behind London as the best global city, PricewaterhouseCoopers said in a new study, based on social and economic data published before the UK voted to leave the European Union. The Cities of Opportunity Index places Singapore ahead of Paris and Amsterdam, two European cities that are seeking to attract foreign businesses if they decide to shift jobs out of London.

Superior technology, low taxes and efficient transport and infrastructure systems helped Singapore to overtake New York and move one notch higher in the rankings since the previous study in 2014, according to PwC.

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