Cebu taking off. Philippines very own Silicon Valley.

From not registering a spot in the top 50 most competitive cities in 2013, Cebu City climbed an impressive 50 places to take the 7th spot this year in the Philippines most competitive cities, as part of the Cities and Municipalities Competitiveness Index (CMCI), a project of the National Competitiveness Council (NCC).

Traditionally reliant on a tourism economy, Cebu registered the largest climb in absolute indexation of any region, registering a 43.68 (Makati City registered a 53.24). This is largely due to the growing prominence of the IT sector in the region. Once predominately made up of call centres, Cebu’s IT industry has grown by over a staggering 8000 percent in employment since 2000.

Growth continues to look strong into the future with the private sector and local government in lock step to support private sector led growth, in particular, the business community’s CCCI. To deliver better services, the City has also adopted the Performance Governance System, a governance framework that uses a balanced scorecard to measure an LGU’s performance.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s