New York has once again taken the top spot in the list of the world’s largest financial centers, according to a survey by Z/Yen Group Ltd. financial advisory company, which calculates the Global Financial Centers Index (GFCI).
New York has been in the lead since the fall of 2018. Compared to the previous version of the ranking, published in September last year, New York’s score increased to 764 from 763, and London’s, which ranks second, to 747 from 744.
The top three leaders are still Singapore with 742 points, followed by Hong Kong in fourth place and San Francisco in fifth. Shanghai moved up to sixth place, Geneva to seventh, while Los Angeles slipped two positions to eighth. Chicago retained its ninth place, while Seoul moved up to tenth, displacing Washington.
The most significant rise in the ranking was demonstrated by São Paulo (up 21 places) and Wellington (up 15), while Miami (down 14 places) and Helsinki (down 12 places) showed the sharpest drops.
Among the financial centers of Eastern Europe and Central Asia, Astana is in the lead (66th place).
The World Financial Centers Index was first published in 2007 and is updated every six months (the current edition is the 35th). The latest ranking was based on a survey of nearly 8.5 thousand respondents.
Authorities in Singapore have decided to abolish the requirement to present a certificate of vaccination against coronavirus or health insurance covering COVID 19 infection when entering the country, Asian media reported.
Such exemptions will take effect from February 13.
Mask wearing on public transport will be abolished but health care facilities will still require them.
Singapore’s Ministry of Health noted that about 80% of the population has received a minimum level of protection against the coronavirus through vaccination against COVID 19.
Last April, Singapore lifted much of the restrictions in place to combat the coronavirus.
On August 3, the State Service for Food Safety and Consumer Protection and the Ministry of Foreign Affairs of Ukraine agreed with the competent authorities of Singapore on certificates for the export of Ukrainian pet food, the agency’s website reported on Thursday.
“Now the Singapore feed market, which imports more than $170 million annually, has become accessible to Ukrainian producers thanks to the joint work of the Ministry of Foreign Affairs and the State Food and Consumer Service. The opening of new markets contributes to the development of the national industry, stimulates the creation of new jobs, and therefore makes us stronger,” he quotes State Food and Consumer Service of the Minister of Foreign Affairs of Ukraine Dmytro Kuleba.
The corresponding form of the certificate is published on the official website of the department.
Singapore’s Dachex Shipping Pte. Ltd became the winner of the third stage of the procedure for selecting the customer for the processing of customer-supplied raw materials for JSC Odesa Port-Side Chemical Plant.
According to a statement on the plant’s website, the company offered the best additional conditions for cooperation, namely: the conclusion of a financing agreement (interest-free loan) for up to $20 million for a period of two years.
As reported, on April 19, 2021, Odesa Port-Side Chemical Plant suspended the procedure for selecting a “customer” at the claim of trader United Energy LLC, part of the Privat Group. At the same time, the plant said that it would appeal this court ruling in order to return to making a decision on the winner of the selection procedure or holding the third stage – negotiations.
First Deputy Head of the State Property Fund (SPF) Denys Kudin told Interfax-Ukraine that the other day the court sided with the enterprise.
Before receiving a court verdict on a pause in the competition, the plant held an electronic tender for the tolling processing of raw materials and shipment of products that day, in which ten companies took part.
ccording to the protocol of the exchange, all 10 participants in the auction offered the lowest possible “zero” coefficient of limit, which is part of the formula for calculating the “additional remuneration.” Accordingly, at the next stage, the plant shall negotiate with all bidders to determine the winner.
The Cabinet of Ministers of Ukraine has approved a draft intergovernmental agreement with the Republic of Singapore and Iceland on air traffic.
According to the relevant government decrees, the Cabinet of Ministers authorized Chairman of the State Aviation Administration of Ukraine Oleksandr Bilchuk to sign the relevant agreement.
According to the explanatory documents, this decree is provided by the need to conclude intergovernmental agreements on air services with these countries, which makes it possible to create a contractual legal framework necessary for the implementation of regular air traffic between these countries and Ukraine. This will intensify bilateral cultural ties, as well as economic relations between the countries, the government authorities said in the documents.
The agreement will determine the procedure for regulating international flights, the procedure for appointing airlines on the routes, provides for the mutual recognition of crew member certificates and others.
Singapore has opened its market for Ukrainian pork. “For the first time since long a foreign market has opened for Ukrainian pork. Singapore’s regulator has accredited a Ukrainian enterprise for export of thermally processed/tinned pork and chicken meat,” the State Service of Ukraine on Food Safety and Consumer Protection said.
It also said that those were the first steps towards the opening of the global market for Ukrainian pork.
