Economy
In 2006, Legazpi City was recognized as one of the most competitive cities in the Philippines by the Asian Institute of Management. Also, it was recently cited as the most business-friendly city for the whole South Luzon by the Philippine Chamber of Commerce and Industry (PCCI).
With the construction of the South Luzon International Airport in nearby town Daraga, the province's investment Climate Change Adaptation, new businesses entering the city and its investments in various infrastructure projects, Legazpi City is poised to not only be the most progressive city in Bicol but also for South Luzon.
Read more about this topic: Legazpi, Albay
Famous quotes containing the word economy:
“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)
“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)