Cebu outsourcing industry faces competition from emerging sites

CHANGING SKYLINE. One of the many construction projects in Cebu, which is seeing buildings going up to meet a high demand for office space. An economist warned, however, that Cebu faces stiff competition from emerging business destinations.

Although Cebu is currently among the top outsourcing destinations in the world, it stands to lose to other emerging sites like Iloilo and Davao if it becomes complacent, a top economist warned business leaders.