Philippine cities were included in the top 10 Asian Cities of the
Future Award 2007 by Singapore-based consulting firm AsiaBIZ Strategy
Quezon City placed seventh, Cebu City, eighth and
Davao City 10th on the top 10 which was topped by perennial powerhouses
Hong Kong (1st), Singapore (2nd) Taipei (3rd) and Melbourne (4th).
Rounding up the top 10 are Chinese cities Dalian (5th), Shijiazhuang (6th) and Guangzhou (9th).
awards were based on the results of survey among businessmen, who were
asked to rate over 200 Asian “big” and “small” cities according to
their standing in terms of business and investments opportunities.
Strategy Pte. Ltd. is a Singapore-based strategy and investment
promotion consultancy company which has interests in Asia’s 20 biggest
countries. The company said its consulting services has resulted in an
overall Fortune 500 client investment portfolio in excess of $2 billion
in Asia, excluding small- and medium-enterprises clients.
City also placed eighth on the top 10 list of Asian cities with the
best economic potential while placing third in the most cost-efficient
city in terms of doing business together with Cebu (4th) and Davao
Davao City is fifth in terms of quality of human
resources, followed by Quezon City. Cebu is seventh in terms of best
quality of life while Quezon City is tenth. None of the Philippine
cities barged into the top ten with the best infrastructure and
Cebu placed second in terms of quality of development and promotion, next only to Singapore.
Philippine city entered the rankings in the small cities category,
which was won by Alor Star in Malaysia and Newcastle, Australia.
Mari Yu of the Cebu Investments and Promotions Center (CIPC) said Cebu
City’s promotional efforts abroad and its concrete program for
investments and business is paying off and getting its deserved
“We just don’t act when investors have already
arrived. We have a year-round program to market Cebu and to improve the
business climate here,” Yu said.
He said CIPC was part of the
organizations “tested” by AsiaBiZ in terms of how they handle
investment inquiries and how efficient their international marketing
Yu, however, lamented Cebu’s infrastructure which he said is keeping Cebu backwards compared with its Philippine counterparts.
we are better off, compared to other cities in the Philippines, but
when we are put side-by-side Singapore and Hong Kong, we are down there
at the bottom,” he said.
He also said Cebu should be on top in
terms of quality of life for bringing a good balance of business and
economic opportunities with a very livable environment.
“We have all the amenities of Manila but with one-tenth the traffic and the pollution,” he said.