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
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