Economy
The western part of the city is home to many industrial parks and factories. The port of Semarang is located on the north coast and it is the main shipping port for the province of Central Java. Many small manufacturers are located in Semarang, producing goods such as textiles, furniture, and processed foods. Large companies, such as Kubota and Coca-Cola, also have plants in Semarang or its outer towns.
Many major banks in Indonesia have large offices in Semarang. These include BCA, BNI, Panin Bank, HSBC, Permata, and Bank Mandiri. Most of these offices are located in the center of the city, especially around Jalan Pandanaran and Jalan Pemuda.
Hospitality is becoming increasingly important in Semarang. It is home to about a dozen upscale hotels that cater to business travelers and tourists, including Hotel Santika Premiere, Hotel Novotel, Hotel Horison Semarang, Hotel Ibis, Hotel Pandanaran, Hotel Ciputra Semarang, Crowne Hotel, Grand Candi Hotel, Quest Aston Semarang, Patra Jasa and Hotel Gumaya.
The majority of stores in Semarang are small, family-owned businesses. Home consumer spending is mostly split between traditional wet markets ("Pasar") for locally-sourced fresh produce (fish, meat, vegetables) and western-style malls and supermarkets for manufactured, finished products (dry goods). Pasar Johar, Pasar Gang Baru, Pasar Jatingaleh, and Pasar Jati are examples of traditional wet markets. Hypermart, ADA Swalayan, Giant, and now Carrefour are the larger supermarket/department store chains in Semarang. Carrefour, a French chain, opened its first store in Central Java at DP Mall in Semarang. The other two malls are Ciputra Mall and the Java Supermall. A fourth mall, Paragon, is the largest shopping center in Central Java Province.
Read more about this topic: Semarang
Famous quotes containing the word economy:
“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)
“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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)