Cebu right now is becoming a hub for the business sectors because it is the fast rising little Manila. And because the port is open here in Cebu, globalization is taking over the rules of the game. It’s so easy for business to import or export since we are the hub for the ships and we have open ports which is a lot easier. Cebu’s several business districts semi Makati endlessly magnetize fully spirited business opportunities and a lot of diverse industries.
Cebu Business Park which is Ayala Park is one of the prime financial hub in Cebu City. Because of the diverse products that Cebu can offer, from seashells to furniture, Cebu has become a favorite of importers and exporters. In short, the economic growth of Cebu is enormous and will continue to grow in the coming years.
Famous for Furniture and Home Improvements
An internationally acclaimed Cebuano Kenneth Cobonpue has broken into the mainstream furniture designer in the States and in the whole world carrying the brand that is Filipino and Cebuano. He has consistently used Abacca, Rattan, Bamboo for his collections and local materials to create his masterpieces.
Second to Manila in terms of economic strength, Cebu is a major player in principal exports and major industries that provides employment opportunities to its people. Some of these notable industries are electronics or electrical equipment manufacturing, computers, metals and precision instruments, chemicals, industrial parts assembly, food processing, furniture, fashion accessories, gifts, toys, and housewares (GTH), garments, stonecraft, shipbuilding, and mining.
Cebu’s principal exports are semiconductor devices, electronic timepieces, electronic components, wire harness, floppy disk drives, photographic equipment, garments, furniture, camera paraphernalia, car stereos, audio/ video equipment, carrageen, fashion accessories, coconut oil, frozen shrimps, vehicle/machinery parts.
A lot of home interior design also gets exported such as abacca furnitures which are widely used in the United States, Canada and Europe. Home decors such as area rugs, carpets and runner rugs are also in demand worldwide. Cebu also exports materials for roman shades, roman blinds and window accessories. Only time will tell what more beautiful products Cebu can offer to the world.
Not only is Cebu attracting more tourist and people, it is attracting a lot of investors from the business sectors which means more economic growth and better products in the Sinulog SME Trade Fairs.