Cebu Economy

Cebu’s economy is a hodgepodge of industries and commercial ventures. With more than 80% inter-island shipping based in Cebu, Cebu is the most accessible place to all points in the Philippines and the country’s trading center. Its extensive international port facilities, its accessibility to Asia and the rest of the world has led more than a hundred firms to set up manufacturing plants on industrial centers on the island.

Government support and incentives also provide a major impetus for growth. Cebu’s labor force is oriented towards non-agricultural lines and is rated one of the most productive in the world. High domestic and foreign tourist arrivals, a central geographic location, and natural resources have fueled growth in Cebu.

Due to its burgeoning furniture-making industry, Cebu has been hailed as the furniture capital of the Philippines. The Department of Trade and Industry in Cebu is aiming to develop this aspect of Cebu economy by specifically targeting small to medium enterprises whose products are considered export-quality.
Besides furniture-making, Cebu is also fast becoming the IT capital of Southern Philippines. Many companies, either local or outsourced, are establishing their headquarters in Cebu.

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