Economy
Known as the "Sugarbowl of the Philippines", the sugar industry is the lifeblood of the economy of Negros Occidental, producing more than half of the country's sugar. There are 15 sugar centrals located throughout the lowland areas the north and west of the island, stretching from northwest along the coasts of the Visayan Sea and Guimaras Strait. Among the larger mills are San Carlos, La Carlota, Bago, Binalbagan, Kabankalan, Sagay, Silay City, Murcia, Victorias. Victorias Mill in Victorias City is the largest sugar mill in the country, and the world's largest integrated sugar mill and refinery. Sugar is transported from plantations to refineries by large trucks that use the national highway. Because of the priority given to sugar plantations, much of the province's food has to be imported from neighboring islands.
A fishing industry is found in Cadiz City, and other fishponds dot the province. One of the country's largest copper mines is located in Sipalay City. There also exists a cottage industry which produced handicrafts made from indigenous materials.
Bacolod City is the center of commerce and finance in Negros Occidental. It has oil companies, factories, bottling plants, allied industrial businesses, steel fabrication, power generation, agri-businesses, prawn culture and other aqua-culture ventures.
It is also the Business Process Outsourcing (BPO) hub of the Western Visayas Region of the Philippines. Among the notable BPO companies operating in the city are Convergys, Teleperformance, TeleTech, Focus International and Transcom Asia.
Read more about this topic: Negros Occidental
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)