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 aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)