23/07/2025
Mayor Baste VS PNP Chief Nicholas Torre Boxing match
Baste
Age 37
Record:
1. A Financial Powerhouse
- Davao City is one of the wealthiest cities in the country.
- According to the 2023 Commission on Audit (COA) report, Davao ranked 9th in total assets and has remained debt-free for years—an extraordinary feat.
- City assets grew from ₱26.6B in 2021 to ₱29.7B in 2022, and then to ₱32.9B in 2023.
- Net assets also rose from ₱17.7B (2021) to ₱24.9B in 2023.
2. Top Performance in Revenue Collection
- Recognized by the Department of Finance–BLGF as one of the Top Performing Cities in Local Source Revenue (LSR) for both 2022 and 2023.
- #1 in Region XI across key financial performance indicators:
* Ratio of LSR to Total Income
* Total Local Source Revenues
* Yearly Growth in Local Revenues
- National rankings:
* #8 in 2023
* #7 in 2022
3. Unmatched Economic Growth
- In the first nine months of 2024 alone, Davao hit ₱3.38 billion in approved investments, tripling its performance from 2023.
- The Davao City Investment and Promotion Center (DCIPC) surpassed its annual ₱3B target through just four major projects.
4. High Competitiveness Scores
- Davao City ranked #1 in Economic Dynamism and Infrastructure among all highly urbanized cities in Visayas and Mindanao in the DTI’s 2024 CMCI.
- It scored high in areas like ICT development, online systems, disaster risk management, national directive compliance, and anti-red tape initiatives.
5. Record-Breaking Revenue Collection
- As of October 2024, the City Treasurer’s Office reported collections of ₱11.88 billion, surpassing the ₱11.36 billion collected during the same period in 2023.
6. Business Growth
- The Business Bureau reported a rise in restaurant registrations.
- In 2024, 1,083 out of 1,241 applicants have been issued permits—surpassing the previous year’s 1,176 and showing steady year-on-year growth.
7. Davao City Leads Mindanao in 2023 GDP Share
- Davao City recorded the highest contrib
