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:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)