See the progress of Cebu from 1970 to 2022 in 4 minutes and how it will be in 2040 CEBU AERIAL VIEW скачать в хорошем качестве

See the progress of Cebu from 1970 to 2022 in 4 minutes and how it will be in 2040 CEBU AERIAL VIEW

See the progress of Cebu from 1970 to 2022 in 4 minutes - CEBU AERIAL VIEW THE BOOMING CEBU “Economic drivers”. The major economic drivers of growth in Cebu in recent years have been tourism and the IT (information technology) sector. These economic drivers add more zip as well as base for growth. The nation’s economy has been growing at around seven percent per year recently. The region’s gross regional product (GRP) grew 12.5 percent in 2010, 9.3 percent and 8.9 percent in 2012 and 2013, respectively. Central Visayas (Region VII) consists of Cebu, Bohol and Negros Oriental. Cebu is the dominant and most prosperous. Fifty-six percent of Metro Cebu’s total economic output is due to industry. “Tourism: foreign and domestic.” Tourist visitor arrivals to the region has been growing at double-digit rates, creating an expanded demand for hotels and resorts. Tourist arrival statistics to the Central Visayas is now close to three million, well in hand with expectations. The growth rate of tourist arrivals is in double-digit – almost 13 percent in 2012. Among the three provinces in the region, Cebu’s tourist arrivals dominate, with 76 percent. The rest is split between Bohol and Negros Oriental. For years, Cebu’s visitors were domestic tourists. Foreign tourists are beginning to account for more visitors. Recently, they now account for 40 percent of total tourist arrivals. Until tourist facilities improved with the construction of first class hotel facilities in Mactan island and the building of complementary resort destinations, the growth of foreign tourism was a minor part of Cebu’s tourism. “The BPO (business process outsourcing) boom.” Part of the Philippine progress in the BPO industry expanded to Cebu from Metro Manila as the industry sought more qualified labor resources for its requirements. The businesses that moved to Cebu initially consisted of call centers. Today, the industry consists of a broader set of firms that provide “back office” support business operations and in the development of knowledge-based applications. In 2000, the industry accounted for only 1,200 workers. By 2012, direct employment hired by the industry totals 95,000 workers. There are 66 non-voice type companies. Non-voice operations are geared more to business operations and are more analytical and knowledge-based. Back-office work in business includes accounting and legal work, language translation, medical transcription, and technical support. Further, they include engineering design and development, content development, graphics and animation, and software development. The position of Cebu as an educational center in the Visayas helped to attract information technology companies to set up in Cebu first. In turn, as the industries moved in, the major universities and training institutes banded as an Educational Development Foundation group to promote the further improvement of its human resources in relation to the industry need. The right-mix of enabling conditions propelled this development. Many of the property companies that operate in Cebu have their origins in Manila. In general, Cebu based industries emerged stronger after the liberalization measures adopted by the government in the shift toward less protection and more efforts to engage the world in trade. Cebu was forced to buy expensive products of low quality produced by import substituting firms in Manila before. Now it can source its needs from anywhere, at home or from other countries. Its own industries in the processing of home made goods reach the rest of the country. Export manufacturing, BPO centers, and tourism services are essentially industries based on competition with the world economy and what others offer as reference point. Many big property companies in Manila have moved in to help Cebu’s growth. The open lot at the former Lahug airport was eventually privatized. That real estate was developed by Ayala Land into what is now the IT Center in Cebu. Here is where most of the IT locators have moved. The IT companies require high tech facilities and buildings with sufficient access to information technology. The IT center in Lahug area is a dedicated facility that includes the most important BPO companies in the country. The place is indistinguishable from Makati and Taguig at the Global City. Close by are eateries, hotels, businesses and shopping that provide support to the IT area. Cebu is ranked 7th as among the best outsourcing destinations internationally. Manila is in the same list ranked third. In terms of employment, however, the Philippines is top ranked in terms of voice centers. “Why the dynamic future appears secure.” A massive mixed use commercial center is rising in the new reclaimed land. SM is constructing major shopping facilities and a large convention center for Cebu.