Economy
The Bay City Sorsogon, that is currently being built at the coast of Barangay Balogo will definitely have a huge impact on the economic growth of the city. It is a priority project of LKY Development Corporation, a privately-owned real estate company. The Bay City Sorsogon includes a Commercial Complex, Five Star Hotel, Coliseum, Outdoor Dining Area, a Central Bus Terminal and a lot more. The excavation of this 16-hectare property just started during the last quarter of 2010 and the completion is expected by the 3rd quarter of 2011.
It host most of the banks around the province like Landbank of the Philippines, Metrobank, Allied Bank, Bank of the Philippine Islands, Development Bank of the Philippines, United Coconut Planters Bank, Chinabank, Philippine National Bank, Camalig Bank, BDO UniBank, Postal Bank, Producers Bank and Green Bank Inc.
Read more about this topic: Sorsogon City
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)
“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)
“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)