5 Things You Must Know Before Investing In Cebu
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- Cebu is an IT/BPO hub in the countryside.
- Improved transportation and investment services in Cebu
- Center of higher education in the Visayas
- Asia’s melting pot for tourism and ex-pat
- Wide pool of human resources for your investment needs in Cebu
- Conclusion
Investing in Cebu as an IT/BPO hub in the countryside
More and more Business Process Outsourcing (BPO) companies are growing in the countryside. This means that we are allowing opportunities for hiring townsfolk for job employment. As per Cebu IT-BPM Organization (CIB.O), BPO companies in Cebu are starting their pop-up sites in towns like Bogo City, Consolacion, Danao City, Liloan, and Naga.
Improved transportation and investment services in Cebu
Cebu city is one of the largest urban areas in the country. Cebu has decided to start a strategy to upgrade and improve the urban transport system by using public transport to promote integrated management of travel and spaces. The government is giving its full support for the said project and hopefully serves as a model for other cities in the future.
Center of higher education in the Visayas
As one of the most inviting cities in the Visayas, Cebu also offers good quality education from some of the top Universities in the Philippines such as the University of San Carlos, University of San Jose-Recoletos, Cebu Institute of Technology University, and many more. These universities provide quality education and produced top-notch students in the past decade especially in the IT department.
Investing in Cebu as Asia’s melting pot for tourism and ex-pat
Cebu is brimful with wonders of nature. With its fine white sand beaches, scenic waterfalls, whale sharks and sardine run that you can swim with, breathtaking hills and mountains, historic sites, and of course, delicious food, you can never go wrong with Cebu.
Wide pool of human resources for your investment needs in Cebu
Cebu has sustained its spot as one of the promising BPO markets in the Visayas, with economic recovery expected to generate more jobs as it drives up property moving forward. Metro Cebu is the nation’s second-largest urban area after Metro Manila. It is also the main center both of the province and the larger Visayas region which reforms the central third of the country.
So instead of moving directly to Manila, most aspirant Filipinos from neighboring provinces in Visayas and Mindanao prefer Cebu because of the lower cost of living and closer to their families compared to Manila.
Conclusion
For the past few years, Cebu has had one of the best records for peace and order in the country. The development of its infrastructure is balanced. It has all the qualifications necessary to be competitive and sustain investments today and in the future.
The main economic source of expansion in Cebu in recent years has been tourism and the Information Technology (IT) sector. The nation’s economy has been growing around seven percent per year.
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