Mindanao violence will not affect Cebu’s IT-BPM industry

Jose Mari Yu, Cebu City’s point man for business and economic development, said the violence in Mindanao and the declaration of martial law will not affect the city’s Information Technology-Business Process Outsourcing (IT-BPO) industry. Yu said that while the violence may have negative impact on the tourism industry, not much effect is seen on the outsourcing industry. Yu explained that IT-BPO companies in Cebu and other parts of the country do not have a direct presence in the country. They only have two or three foreign executives that manage their firms. Some, he said, are even entirely managed by locals. And unlike in tourism, Yu said the Philippines is the only destination for IT-BPO investors in this part of Asia.