Cebu has emerged as a major center for foreign investors, especially, for technology, fashion, textile and home furnishing industries.
Professionals say that if Cebu is named 'economic development zone', traders and investors will have bigger advantage and the Philippines will attract even more investors.
France has shown keen interest in collaborating and setting up facilities in Cebu. Cebu has great potential for both, business and leisure prospects.
However, industry experts say that Government needs to recognize the huge opportunity and draft beneficial and favourable policies.
It is necessary to develop advanced facilities and infrastructure in Cebu, which will help present a strong competition against the ASEAN countries.
It is also important to take steps to enhance labour skills which will help locals to earn a healthy and respectable living.
Recently, Pan Arts Corp fashion accessory manufacturer has agreed to train the under-privileged beneficiaries of non-profit Gawad Kalinga (GK) Community Development Foundation to design and make bracelet charms, mobile-phone trinkets and other such popular items.
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