There is indeed a typhoon more or less directly over Cebu right now.
In all my research on life in the Philippines it was my impression that the Visayas islands, including Cebu, almost never got typhoons due to their fortunate positioning in the lee of other islands.
I believe the typhoon mentioned by Strategerist was projected to just miss Cebu.
On the other hand, most flights to the Philippines go through Manila and that might cause real problems since Manila is right in the middle of the highest risk region for typhoons.
I think only Cebu Pacific flghts go directly to Cebu, and their service is tourist class only, which might not sit well with luxury-loving diplomats.