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GENERAL HEALTH OF ECONOMY The general health of Davao City's economy found a strong hold on inward investments and exports sectors levered back in the growth track after a dramatic rebound from the impact of global economic downturn. Among neighboring Asian city economies, Davao City has maintained most competitive position in attracting fresh investments and in penetrating foreign markets owing to its resilient exports base, peaceful business climate, better quality of life and rich pool of skilled workforce. With 1.2-Million people as primary market base, the city is conducive to business as evidenced by the presence of top 200 companies in the area. From a mere million-peso level investments poured in two decades up to 1992, investments peaked with an ample 63 percent growth in the succeeding years until the financial crisis erupted in mid-1997. The rush influx of investments begun to ebb in 1998 as an aftermath...

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