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Davao City is also one of several cities in the Philippines that are independent of any province. The city serves as the regional center for Davao Region (Region XI). It has a population of 1,363,330 (2007 census) and is named by the Foreign Direct Investment Magazine as the 10th "Asian City of the Future".[1] In recent years, Davao City has emerged as the business, investment and tourism hub for the entire southern Philippines. The city boasts of some of the finest beaches and mountain resorts in the country and its proximity to the Philippines’ most captivating diving spots as well as its highest peak, Mount Apo.
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