Facts & Figures
The City of Cebu (Cebuano: Dakbayan sa Sugbo) is the provincial capital of Cebu in the Philippines and is the most important metropolitan center in the country. The city lies on the eastern shore of the island of Cebu and is the first Spanish settlement in the country.
Cebu City is the center of a metropolitan area called Metro Cebu, which includes the cities of Mandaue, Lapu-Lapu, and Talisay. Metro Cebu has a total population of more than 2 million people. The Mactan-Cebu International Airport, located in Lapu-Lapu City is only a twenty-minute drive away from Cebu City. To the northeast of the city are Mandaue City and the town of Consolacion, to the west are Toledo City, the towns of Balamban, and Asturias, to the south are Talisay City and the town of Minglanilla. Across Mactan Strait to the east is Mactan Island where Lapu-Lapu City is located.
Location of City
Cebu in Central Visayas is in the center of the Philippine archipelago.It is bounded on the north by the Visayan Sea., on the east by the Camotes Sea, on the west by the Tannin Strait, and on the Southeast by the Boohoo Strait.
According to the official 2000 census, it has a population of 718,821 people in 147,600 households. It has a population density of 41,014/km².
The main language is Cebuano, although a fairly good number of locals can speak conversational English as well as Filipino.
The weather in Cebu is best from December to February, the hottest from March until May.
The local economy is mostly propped up by trade, services, and tourism. Small and medium enterprises, mostly driven by the natural enterpreneurial tendencies of its people, have played a great role in the economy.
The city is the country's main domestic shipping hub and also home to a number of national and international corporations some of which are homegrown. More than 80% of interisland vessels operating in the country are also based there. Recently, the entry of business process outsourcing (BPO) firms such as call centers have contributed much to the growth of the local economy. Such has made the city together with the nearby cities that form part of Metro Cebu as the country's second important economic center.
Cebu pulses around the old district popularly known as downtown area and is regarded as the main central business district. In the years that followed however, and with the city's growth and expansion, the concentration of businesses have expanded outside this area. In 1988, the Cebu Provincial Government sold a vast tract of land that was occupied by a golfcourse to a group of Manila-based businessmen, the Ayalas, who later developed it into what is now the Cebu Business Park, a neo-central business district. Just nearby is the Asiatown Information Technology (IT) Park, also by the Ayalas, which was once the old Lahug Airport and caters mostly to firms related to the information technology (IT) industry such as software development, telecommunication, call centers, among others.
Certain areas though still have to be addressed in order for the city and the rest of the island to sustain its growth in the coming years. The lack of space though has somewhat been taken cared of with the completion of the South Roads Properties (SRP), a 330-hectare reclamation area in the southern portion of the city. It was built by the city government through a loan and is envisioned to play a driving role in the economy especially that congestion, given the fact that most of the city's land area is mountainous, would definitely be an issue in the future.
Most businessmen have acknowledged that the city must work hard in attracting direct foreign investments especially for the SRP especially with the entry of China in the global playing field.
Philippine Peso (Php) in denominations of 1000, 500, 200, 100, 50, 20, 10, 5, 1 in pesos and. 25, 10, 5 and 1 in centavos.
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