Singapore among top five cities to attract creativity and enterprise: report

Singapore has been ranked among the top five cities in the world attract creativity and enterprise, according to the Global Power City Index.
Singapore has been ranked among the top five cities in the world attract creativity and enterprise, according to the Global Power City Index. ST PHOTO: ALPHONSUS CHERN

SINGAPORE - Singapore was among the top five cities in the Global Power City Index which ranks 40 global metropolises on their power to attract creativity and enterprise from around the world.

London took the top spot in the overall rankings, followed by New York, Paris and Tokyo according to the report unveiled on Wednesday by Institute for Urban Strategies of The Mori Memorial Foundation, a research institute established by Mori Building, Japan.

The Index evaluates a city's power to attract talented individuals and business enterprises and its ability to mobilise their assets in securing economic, social and environmental development. It ranks them on the basis of their economy, livability, environment, accessibility, reserach and development and cultural interaction.

Although ranked fifth in the overall list, Singapore was fast closing the gap with Tokyo due to its accessibility following increased international flights for passengers and cargo, the research found.

In individual lists, Singapore ranked fourth in promoting cultural interaction and accessibility, sixth in terms of economic prowess and environment conservation, and eighth in research and development.

Singapore "boasted an outstanding score for ease in securing human resources," the report said, as the city ranked second in attracting managers, fourth in attracting visitors, eighth in attracting researchers but a poor 40th in attracting actors.

London has maintained the top position since 2012 Olympics in all functions except livability and environment, the report said, while New York is held back from recapturing its top spot by poor scores in livability, environment and accessibility. Economy is the weakest spot for Paris,while Tokyo although the top Asian city in the list lags in cultural interaction and accessibility.

rupsk@sph.com.sg