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Cebu Investments
...there is a good mix of business and leisure in Cebu...
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second largest city and
fastest growing economy in the Philippines
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more domestic air- and sea
linkages than Manila
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Tourism Gateway for the
Central and Southern Philippines
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not in an earthquake
zone or typhoon belt and no volcanoes on the island
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one of the best records for
peace & order in the Philippines
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Medical Tourism and
Retirement Hub
The Cebu construction industry saw a 10 percent growth in
2006.
The construction boom began with projects implemented as early as the
first quarter of 2006, but went into full swing up until the yearend.
And maintaining Cebu’s “good political image” in the global economy will
“redound” to more developments in the Philippines construction industry.
The economic development of a country is related to growth in construction
activities. Cebu is experiencing that growth because it is politically
stable.
The growth in the industry was seen in the commercial, industrial and
housing sectors.
The industry is “picking up” as industry players “appear to be busy”; they
realize that Cebu is a destination for ICT (information, communication and
technology) and tourism.
Hotels, resorts, ICT parks and mining are among the sectors that will
start to receive “commitments” from foreign investors.
Real estate in Cebu will experience a different economic landscape, as
the demand for residential housing will continue next year; residential
developments will continue to spread in the northern and southern parts of
the province.
However, commercial activities will move towards the north especially with
the “flourishing” business and industrial establishments found in the
Mandaue Reclamation Area.
High-rise buildings in Cebu will be a trend in the next few years, and it’s
a matter of time that commercial structures will pick up in the south.
Real estate developments, as a result of an increased demand for housing
units, also contributed to the positive performance of the Cebu
construction industry.
Other gainers for 2006 were tourism, air transportation, retail trade and
agriculture. The mining sector also showed signs of improvement as a
result of the Cebu-construction boom, with the increased demand for limestone
and cement.
Cebu as Medical
Tourism and Retirement Hub?
Cebu has a solid track record of business success and sustained
development in the retirement and medical tourism industry.
Cebu's advantages include a business-friendly environment and a highly
dynamic and progressive business sector that is open to new ideas.
Both the medical tourism and retirement industries show high business
potential.
In the United States, health care costs continue to rise significantly and
is projected to reach $2.8 trillion by 2010. Given this scenario, the US
government is looking at alternatives, including offshore options that
will provide its retirees quality health care at lower costs.
In the Philippines, particularly in
Cebu, retirees could enjoy a
comfortable lifestyle complete with health care coverage, with only about
$1,500 a month.
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