![]() ![]() In addition, the city has been the center of developments in commerce and real estate. Furthermore, it has political achievements such as the place where President Rodrigo "Roa" Duterte the first Mindanaoan president in the Philippines became mayor for seven terms (Embassy of the Philippines, n.d.), making Davao City as one of the safest in Southeast Asia (Ray, n.d.), and the launching of the ASEAN summit in Davao and was said to be a "symbolic morale boost" (Gonzales, 2016). As stated by PSA, Davao City grew by 10.9% in 2017 due to service sectors and industries (Colina, 2018). In the Philippine context, Davao City, considered to be one of the major cities that played a role in contributing to the country's economic progress. New York, where it houses the New York Stock Exchange and important financial institutions in Wall Street (Investopedia, n.d.). ![]() Cities usually play the role of being the house of corporations, small businesses, trade, and in politics. Cities have played a large role in a country's economic development. ![]()
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