DAVAO CITY (MindaNews / 6 Nov) – The inclusion of the city of Davao for two consecutive years in the 10 richest cities in the country says "much about the promising future of cities outside Luzon, especially those in Mindanao," Mayor Sara Duterte. said on Tuesday.
Davao emerged as the ninth richest, with total assets worth 13.18 billion yen, while Cebu reached the 4th place with P33.8 billion. The two are the only cities outside Luzon that have made the list.
Makati ranked first with P196.57 billion in total assets. Following behind Makati are the cities of Quezon (P68.3 billion), Manila (P38.68 billion), Pasig (P33.7 billion), Taguig (P19.64 billion), Caloocan (P17.01 billion), Pasay P16.66 billion) and Calamba (P12.41 billion).
In the category of provinces, the Valley of Compostela was considered the second richest of the country, with total assets in the amount of P18.95 billion, near Cebu (P34.13 billion).
Batangas was the third P15.57 billion in total assets; Rizal, P 14.02 billion; Negros Occidental, P12.89 billion; Zambales, P10455 billion; Bulacan, P10,451 billion; Palawan, P10.158 billion; Iloilo, P10.04 billion; and Pampanga, P9.53 billion.
"The city of Davao is also working to be debt free for the next two years. Despite this recognition, we are making every effort to ensure that we identify and reach out to those who are poor and to lift them out of poverty. Only then can we be truly happy to be a rich city, "she said in a statement.
Vale de Compostela governor Jayvee Tyron L. Uy said he was satisfied with his province's "unexpected inclusion" on the list.
"This recognition speaks in volume of the efficiency of the Provincial Government in the maintenance of its resources; resources that will be used to deliver social services and complete infrastructures quickly and efficiently, "he said.
Uy added that the provincial government has improved the provision of government services to its constituencies.
"Although this recognition may not be everything, but strong fundamentals as high assets will help us in our desire to fully develop our province … I am very pleased with this distinction. That cements our place as a viable business and investment destination in Mindanao, "he added.
The government attributed the province's efficiency to "highly competent government workforce, strong political leaders and a collaborative private sector. It is our collective efforts that have propelled us to the top. "(Antonio L. Colina IV / MindaNews)