Cebu has ranked number one in Global Services-Tholons’ Top 50 Emerging Global Outsourcing Cities ranking for 2009, same as last year.
The results of the much-anticipated survey were announced earlier this month. The ranking covers 50 cities globally. The results of the survey reinforce the Philippines’ status as one of the top three outsourcing destinations globally, and Cebu as a major investment destination within the Philippines for the industry.
Coming at 2nd and 3rd are China’s biggest cities, Shanghai and Beijing, while Krakow, Poland, and Ho Chi Minh Vietnam ranked 4th and 5th respectively. The top 50 list is dominated by mostly South American and East European cities.
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Cebu is one of the most developed provinces in the Philippines, with Cebu City as the main center of commerce, trade, education and industry in the Visayas.
Cebu City is a commercial center whose main industries include copper mining, fishing and aquaculture, farming and agriculture, shipbuilding, steel and cement. In addition to University of San Carlos, major universities in Cebu City include Southwestern University, the University of the Visayas, Cebu Doctors' University, the University of the Southern Philippines, and the University of San Jose - Recoletos.
The harbor of Cebu City is an international port with ocean-going vessels and domestic ships and five inter-island shipping companies, providing access to all other major islands of the Philippines. Cebu's international airport has daily flights to Manila and other domestic and international destinations. Its location combined with a sheltered deep water harbor has made Cebu City the base for most of the country's domestic shipping and the gateway to the central and southern Philippines.
The United Kingdom based Condé Nast Traveler Magazine named Cebu the seventh best island destination in the Indian Ocean-Asia region in 2007, eighth best Asian-Pacific island destination in 2005, seventh in 2004 and fourth in 2009.