Economy
The economy is predominantly agricultural. Products include coco oil, livestock feed milling, rice/corn milling, including the processing of fruits, gifts and housewares made from indigenous materials like handmade paper, roots, rattan, buri, and bamboo; wood-based manufacture of furniture and furniture components from wood, rattan, and bamboo; marine and aquaculture including support services; construction services and manufacture of marble, concrete, and wooden construction materials. There are also mining areas in the province, such as found in the Municipality of Bayog managed by TVI, a Canadian-based mining firm which concentrates on gold mining, and the Cebu Ore Mining which is handling the Ore-Copper-Steel mines. There are also small-scale mines in the Municipality of Dumingag.
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Famous quotes containing the word economy:
“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)