After being named as Asia’s most livable city, Davao City this time was named by Finance Direct Investment (FDI) magazine of the Financial Times Group as one of the Top Ten Asian Cities in the Future.
Only three cities in the Philippines made it to the top ten. Aside from Davao City that landed on the tenth rank, Quezon City ranked 7th while Cebu City on the 8th place.
The premier cities of Singapore and HongKong got the first and second ranks respectively,
Among others these cities were rated based on investment opportunities and governance.
The FDI’s locations of the future competition covers each region once every two years and the judges for the 2007-2008 survey were David Kinnear, president of DDC HRO, a provider of business process outsourcing in New York; James Ku, manager at the consultancy firm Tactus-Asia Ltd in Shanghai; Anupam Prakas, Asia Pacific leader, global business sourcing and business transformation, HR consultancy firm Hewitt Associates in India; and Larence Yeo, CEO of international consultancy from AsiaBiz Strategy in Singapore.
In the youngest citities category, Davao City made it to the top where Cebu City ranked 3rd and Quezon City on the 4th. The city of Davao ranked 2nd among the cities with lowest middle management salary costs and ranked third with the lowest senior management cost. It fall on the 6th place in terms of lowest manual cost category.
Davao City Councilor Leo Avila III who made the announcement during the January 8, 2008 regular session said that the result of the survey made by FDI is an indicator of how the global business views the city.
It is added feather to Davao City’s cap having been pronounced to be competent enough to be placed among the ranks of high placed cities in the world like Singapore and HongKong.
Anybody from here got something to be proud of and all Dabawenyos must live by how the world views this city from the South.