Economy
Calbayog serves as the commercial, industrial and fishing center of the province, it is currently the tiger among the urban centers of Samar Island. Its income numbered to approximately 72 Million in 2011 making it the city with the most income in Samar Island. Calbayog City is the principal outport (abaca and copra are shipped here) for the province's northern plains. It also serves as a main Coco Oil producer as international vessels regularly dock at a port owned by Samar Coco at Barangay Malajog, Calbayog City. There are nine banks operating in the city, they are: RCBC, PNB, Greenbank, UCPB, CitySavings Bank, Rural Bank of Calbayog City, Landbank, OK Bank and MetroBank.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)