PROFILE OF REGION 7
Central Visayas is composed of CEBU, BOHOL, NEGROS ORIENTAL, and SIQUIJOR.
Central Visayas is the second smallest region in the Philippines with a total land area of 14,923 square kilometers. This constitutes about 5 percent of the country’s land area.
The Central Visayas Region (Region 7) lies at the center of the Philippine archipelago between the major islands of Luzon and Mindanao. It is bounded on the north by the Visayan Sea; on the east by the Camotes Sea; on the south by the Mindanao Sea; and on the west by the province of Negros Occidental. Borders in the regions are based on political boundaries.
Central Visayas is one of the eight anchor tourist destinations in the country. CV is one of the Visayas supra-regions whose strength is tourism.
The Central Visayas is among the most developed and most densely populated regions in the Philippines. Central Visayas hosts many industries, including footwear, ICT & IT enabled services, electronics, wearables,food processing, marine, houseware and furniture, among others. This area is also a major tourist attraction.
Central Visayas is the fifth largest regional economy in the country. According to data from the National Economic Development Authority (NEDA 7), CV ranked 4th in terms of regional share to GDP in 2013. CV’s GRDP growth rate of 7.4% in 2013 was higher than the national growth rate of 7.2%. CV is 3rd highest contributor to the growth of of the national economy in 2013.
Cebu is the center of economic activities in the Visayas and Mindanao areas. It is also the second largest central urban economic center in the country. Cebu is base to over 80% of inter-island shipping capacity in the Philippines. Cebu offers a wide range of world class amenities, such as luxury hotels, beach resorts, first class restaurants and golf courses. The latest in sports and recreational facilities are also available in the province.
Neighboring Cebu is Bohol, the closest province and the 10th largest island in the country. Bohol is taking-off to become the region’s prime eco-cultural tourist destination and agro-industrial center. Investment areas in the identified Special Economic Zone are focused on eco-tourism, light industries and agro-industrial development.
Negros Oriental also boasts of medium and large scale firms. More recently, the province has attracted Business Process Outsourcing (BPO) companies.
In the province of Siquijor, trade development is distinctly dominated by small and micro-traders, Trading constitutes the backbone of its commercial activities.