Ceboom

Ceboom, a portmanteau of "Cebu" and "boom". It refers to the rapid economic development of Cebu in the early 1990s.

Role of Typhoon Ruping

Super Typhoon Mike (PAGASA name: Ruping) crossed Cebu on November 13, 1990, destroying many houses in Cordova, sinking ships in the harbor, and leaving the metropolitan area without electricity and potable water.[1] It took about a month to restore electricity.[2]

Cebu leaders requested Manila for assistance but because the typhoon also paralyzed vital structures in the capital, the request was turned down.

http://www.ceboom.com/

Boom of Cebu's economy

After the typhoon Cebu's infrastructure was updated. Two major mall chains in the country, ShoeMart or SM (now called SM Prime) and Ayala, opened outlets in the city. Road widenings and construction projects mushroomed in the city. Traffic at the old Mactan-Mandaue Bridge (itself an engineering feat at that time) started to have bottlenecks.[3] (A second bridge was later constructed.) http://www.ceboom.com/



Aftereffects

CEBOOM was instrumental in Emilio Mario Osmeña's confidence to bid for the 1992 and 1998 presidential elections. It also strengthened the concept of the Federal State of Cebu.

http://www.ceboom.com/

Footnotes
  1. "Archived copy". Archived from the original on 2008-05-22. Retrieved 2008-05-22.CS1 maint: archived copy as title (link), accessed 6/30/07.
  2. http://www.renriquez.com/wordpress/?p=331 Archived 2007-09-29 at the Wayback Machine, accessed 6/30/07.
  3. http://habagat.i.ph/blogs/habagat/?p=30 Archived 2007-09-28 at the Wayback Machine, accessed 6/30/07.
gollark: I think you either need physical presence of the card or some numbers on it.
gollark: I would be worried about the networking between the payment terminals and central server, too - if it's not secured properly people could intercept it and/or run attacks on it.
gollark: You *don't* trust the payment terminals, because people can go around editing the code on them to do basically whatever, and they have to read the card and contact the bank server.
gollark: You trust the central server but it can't actually physically be there to handle every transaction somehow.
gollark: You trust the card but it's a blind data storage device which can't compute or do networking.
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