Cebu

: Cebu is also a variant spelling of the cattle known as Zebu.

Economy

Cebu's economy is a hodgepodge of industries and commercial ventures. Recently, 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 or SMEs whose products are considered export-quality. Cebu itself does not have a rich source of raw materials for furniture-making due to denudation of the forests, however, several the manufacturers are able to procure their materials from other islands and from imports as well. Cebu has two major economic zones located in Mactan - the Mactan Export Processing Zone I and II (MEPZ I & MEPZ II).

Related Topics:
Philippines - Department of Trade and Industry

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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. The city has become a site for various U.S. call centers and BPOs. The Cebu Chamber of Commerce and Industry, an organization comprised of Cebu's businesses, are hedging the city's growth and economy on information and communications technology, with the aim of making it a premier ICT investment, software, and e-services hub in Southeast Asia.

Related Topics:
Cebu Chamber of Commerce and Industry - Southeast Asia

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