Economy
Santiago City is Cagayan Valley's pioneer city. Its cityhood motivated other towns to grasp for more progress and to uplift the people's standard of living. Santiago City has highly equipped facilities in health, education and security making it a first choice in terms of settlement.
Home of several business enterprises, banking institutions, educational entities, as well as manufacturing companies, the City of Santiago is considered the Commercial and Industrial Center of Cagayan Valley.
Robinsons Land Corporation has recently launched Robinsons Place Santiago as its pioneer mall in Cagayan Valley. Vista Land and Lifescapes Inc. entered Cagayan Valley by building Camella Isabela. It has recently launched another project named as Camella Santiago. The head-office of Grupo Marilens, the largest homegrown corporation in the region, is in Santiago City. Three of the biggest TV networks in the country (i.e.ABS-CBN, GMA7, TV5)stationed their regional networks in the city. San Miguel Corp., Pepsi Cola, Purefoods, Digitel and PLDT also operate in the city whle different car companies abound(i.e. Mitsubishi, Toyota, Nissan, Isuzu, Hyundai, KIA, Ford, other car companies as well as Yamaha and Honda Motors). The National Food Authority competes with local traders to stabilize prices.
Santiago City houses some of the biggest hospitals in the region. The University of La Salette Hospital is said to be the biggest having a capacity of at least 350 bed. De Vera's Medical Center, Callang General Hospital and Cagayan Valley Sanitarium are also equally equipped private hospitals. The Santiago City Emergency Hospital and Flores Hospital are now considered Medical Centers.
Notable school institutions located in the city are the University of La Salette, an international school, Northeastern College, one of the oldest schools in the region, and Infant Jesus Montesorri school.The Southern Isabela College of Arts and Trades is the biggest vocational school operating in the city.
Despite rapid industrialization, agriculture is still the untoppled source of livelihood. The main crops are palay, corn, high value fruits and vegetables. The city is where imposing grain stations can be found. Rice mills abound. It is the pivotal place for crops where harvests from Ifugao, Kalinga, Quirino, Nueva Viscaya, and parts of Isabela are transported either to Nueva Ecija, Bulacan, Pangasinan or Batangas. In addition to the city's product is muscovado sugar which the local government has been promoting for export.
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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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)