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.

Whatever the outcome of 2016 elections, PH economy will still grow: economist

ROBUST GROWTH. Dr. Bernardo Villegas speaks during the Mandaue Business Summit. “Whatever happens in May 2016,” he told the gathering, “Even if we elect Vice Ganda, the economy will continue to grow at a high rate for the next 20 years.”

An economist has bright prospects for the Philippines no matter the results of the 2016 elections. Dr. Bernardo Villegas said the Philippine economy will grow 6% to 7% regardless of who gets elected in next year’s presidential elections.