Central Visayas’ economy is shifting towards service-based industries, according to Maria Elena Arbon, Director of the Department of Trade and Industry (DTI) for the region. Speaking at the Kapihan sa Bagong Pilipinas forum, she highlighted this trend as a significant development, indicating that sectors like tourism and business process outsourcing are becoming increasingly vital. While goods and manufacturing have traditionally played key roles in the local economy, the current focus on services reflects changing market dynamics and consumer demands. This evolution presents new opportunities for job creation and economic growth. Arbon emphasized the importance of adapting to this shift, urging stakeholders to invest in skills training and infrastructure to support the burgeoning service sector. The DTI’s commitment to fostering a competitive environment aims to enhance the region’s economic resilience in the face of global challenges.
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