Cebu Finance and Administration

Submitted by admin on Tue, 2006-11-14 23:10.

A number of international banks including the Hongkong Bank, Citibank and Standard Chartered Bank operate together with branches of every major Philippine bank in the country. Deregulation of the banking system is increasing competition and facilitating the establishment of other international banks. The system makes it simple to quickly close international money deals and facilitates the export trade.

Automatic teller machines and electronic banking are commonplace.

National Government agencies and institutions providing services to business establishments have offices in Cebu. Government permits and approvals for almost all kinds of businesses can be secured right in Cebu. This administrative support is backed up by private sector organizations which serve as conduits for additional services to facilitate businesses and investments. [picture here]

One such privately run facility is the One-Stop Export Documentation Center of Philexport Cebu which processes required export documents in minimal time.

Another is the Cebu Investment Promotions Center which provides comprehensive range of services to ensure that investing in Cebu is not just expeditious but also an enriching experience. The Center's services include facilitation of business requirements, securing important contacts, providing information vital to business decisions as well as representing the needs of investors with local government institutions and infrastructure organizations.