Cebu economy news

Here are some recent news articles about the economy of Cebu, Philippines:

Tourism Boosts Cebu's Economy

• "Cebu's tourism industry continues to drive economic growth, with the province attracting a record 3.7 million visitors in 2022, according to the Department of Tourism." (Philippine Daily Inquirer, February 2023)
• "The tourism sector is expected to contribute significantly to Cebu's economic growth, with the province aiming to increase its tourist arrivals to 5 million by 2025." (BusinessWorld, January 2023)

Investment and Infrastructure Development

• "Cebu is set to become a major hub for logistics and distribution in the Philippines, with the government investing in infrastructure development and attracting foreign investors." (The Philippine Star, March 2023)
• "The Cebu-Cordova Link Expressway (CCLEX), a 8.5-kilometer toll road, is expected to boost economic growth in the province by reducing travel time and increasing connectivity." (GMA News Online, February 2023)

Agriculture and Food Security

• "Cebu's agriculture sector is expected to grow by 5% in 2023, driven by the province's strong production of fruits, vegetables, and livestock." (Philippine Daily Inquirer, January 2023)
• "The Cebu government is implementing programs to improve food security and reduce poverty, including the distribution of agricultural inputs and training for farmers." (BusinessWorld, December 2022)

IT and BPO Industry

• "Cebu is emerging as a major hub for the information technology and business process outsourcing (IT-BPO) industry, with many foreign companies setting up operations in the province." (The Philippine Star, February 2023)
• "The IT-BPO industry is expected to continue driving economic growth in Cebu, with the province aiming to increase its share of the global IT-BPO market to 10% by 2025." (GMA News Online, January 2023)

Other News

• "Cebu's economy is expected to grow by 6.5% in 2023, driven by the province's strong tourism and IT-BPO sectors." (Philippine Daily Inquirer, January 2023)
• "The Cebu government is implementing measures to reduce traffic congestion and improve air quality in the province, including the implementation of a traffic management plan and the promotion of alternative modes of transportation." (BusinessWorld, December 2022)

These are just a few examples of recent news articles about the economy of Cebu, Philippines. If you're looking for more information, I can try to find more articles or provide you with some general information about the economy of Cebu.