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Asian cities dominate GFCI 29

New York, London, and Shanghai maintain the top 3 spots followed by Hong Kong, Singapore, Beijing, Tokyo, and Shenzhen The world’s financial systems are starting to stabilise with vaccines being rolled out on a daily basis and things are going back to normal. The pandemic had a significant impact on financial markets and this is reflected in the latest Global Financial Centres Index (GFCI) where Asian cities dominated the rankings. Of the top 10 financial centres, only Frankfurt’s rating improved by 12 points, while the other hubs dipped in ratings. Overall, the index scores are lower compared to 2019, but the average

February 12, 2024 No Comments

News

Trump scrubbed out of Indonesian leisure project

The trajectory of Donald Trump’s plans to establish The Trump Organization’s presence in Indonesia has taken an unexpected turn, encountering various obstacles along the way. Overview of the Project: Originally envisioned as a sprawling Rp35tn (S$3.2bn) leisure complex, the project aimed to introduce an array of residential homes, country clubs, and leisure resorts to Southeast Asia. In collaboration with Indonesia’s MNC Group, it aspired to create “the first integrated Trump Resort and Residencies in Asia.” Initial Enthusiasm: The initial stages of the project were marked by enthusiasm, with Donald Trump Jr. gracing a pre-launch event in August 2019. The event

February 10, 2024 No Comments

News

The London Resort planning application proceeds to examination phase

The ambitious London Resort project, envisioned as a world-class entertainment destination, celebrates a significant achievement as it successfully progresses through the rigorous Planning Inspectorate application process. This milestone marks a pivotal step forward in the realization of a project poised to transform the landscape of leisure and tourism in the UK. As the first entirely commercial Nationally Significant Infrastructure Project (NSIP) of its kind, the London Resort holds the promise of unleashing substantial economic benefits, with forecasts projecting a staggering £50 billion in gross economic activity (GVA) over its initial 25-year period. Moreover, the project is anticipated to catalyze the

February 2, 2024 No Comments

Featured

Global Britain ready for the world stage

There has been much speculation around the ‘Global Britain’ slogan adopted by the UK, but the vision is now clearer with the recent publication of the Integrated Review of UK’s Defence, Security, Development and Foreign Policy. More than just branding, ‘Global Britain’ is a forward-thinking and tech-driven roadmap towards domestic and international resilience. Britain’s declaration of its international ambitions comes at a time when liberal alliances are fraught, nations struggle from societal polarisation, and democracy is being undermined. Thus, it is heartening to see the Review underscore the UK’s unique strengths and why the world welcomes this incarnation of Global Britain. The

March 25, 2021 No Comments