ABW Dec 2017

outbounders.tv
Cebu Central
Business District
Mactan-Cebu International Airport, (MCIA), is
the second busiest in the Philippines in terms
of passenger numbers and the volume of freight
carried. Located on Mactan Island it serves as
the main gateway for domestic and international
flights servicing Cebu and other cities throughout
the country. In the last
15 years international
Cebu’s weather promises
to be good for business
because typhoon activities
are minor and rainfall
is evenly distributed
throughout the year.
passenger traffic
through Cebu has grown
at an annual average of
21%. Spurred by years
of growth, plans are well
advanced to build a new
terminal and facilities
at an estimated cost
of $240 million, to be
funded under the Philippine government publicprivate
partnership program. When completed,
the new terminal will handle international flights
while the old terminal will host domestic flights.
In addition, in the first half of 2016, MCIA and
GMRCAC started the rehabilitation, renovation
and expansion of terminal 1. This is the Phase 1
of the Project. The new terminal building to be
designed by Integrated Design Associates Ltd.
(IDA) is expected to be completed by 2018.
On Mactan Island, Megaworld Corporation’s
Mactan Ocean town is a 25-hectare business
park near the luxurious Shangri-La Mactan
Resort and Spa. The project will house hightech
offices, a retail centre, residential towers
and villages, and leisure facilities with a beach
frontage. Mactan Island is linked to mainland
Cebu via Mandaue-Mactan Bridge and Marcelo
Fernan Bridge.
Cebu City
Cebu plays a vital role in trade and commerce
in Asia because the island has been gifted with
a natural harbour. Its channel is deep enough
to accommodate the flow of goods through
international cargo sea vessels, and the Mactan
Island serves as protection from winds and
current.
Cebu’s weather promises to be good for business
because typhoon activities are minor and
rainfall is evenly distributed throughout the
year. Moreover, the island is not located within
any earthquake belt, there is no known active
volcano, and its international airport has been
large enough to connect the island to several
continents. Making this area a tourists paradise
50
The Cebu International Port is the main domestic
shipping hub in the Visayas region. Notable
business districts are the Cebu Business Park and
the Cebu IT Park. These parks host information
technology, such as software development;
telecommunications; engineering research
and development centres; business process
outsourcing and other related industries.
Cebu City, also known as the ‘Queen City of the
South’, is one of the country’s most popular
destinations, with tourism being a major
contributor to the city’s coffers. Many visitors
find the best way to explore the city is by bus,
jeepney or metered taxi. The colourful multicabs
ply all areas of Cebu. You can travel to all areas
of the city and outlying barangays fares start at