Top 10 Asian Cities of the Future 2007/08
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Three Philippine cities have been cited in the list of Top ten (10) Asian Cities of the Future for 2007-2008 as determined by the UK-based Foreign Direct Investment (FDI) Magazine.Cebu City has been named one of the Top 5 most cost effective as a result of having the lowest middle management salary costs, lowest senior management costs and lowest manual labour costs. Over-all, it ranks #8 Asian city of the future.
Davao City, on one hand, has been cited in the Top 5 best in human resources and ranks 10th over-all while Quezon City has eclipsed Cebu and Davao by being honored as one of the Top 5 best economic potential, 3rd most cost effective and ranking 7th over-all.
The cities have been judged according to economic potential, quality of life, cost effectiveness, human resources,infrastructure, business friendliness and foreign direct investment promotion strategy.
On FDI's previous list (2005-06), it recognized Naga City as the #1 most cost-effective city with Davao as the runner-up.
Here's the 2007-08 list of Top 10 Asian Cities of the Future:
1. Hong Kong
2. Singapore
3. Taipei City, Taiwan
4. Melbourne, Australia
5. Dalian, China
6. Shijiazhung, China
7. Quezon City, Philippines
8. Cebu City, Philippines
9. Guangzhou, China
10. Davao City, Philippines
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