Economy
The economy of Biliran is largely based on fishing. Most of its towns, especially Naval and Biliran, have excellent seaports. There are 95 hectares of brackish water fishponds which produce prawns, shrimps and milkfish. Another 30 hectares of seawater are suitable for seaweed farming and 10 more hectares for fishcage culture.
Being mountainous, Biliran can support various agricultural crops. The warm lowlands are conducive to palay production and other tropical crops. The cool highlands are favorable to high-value crops such as cut flowers and varieties of vegetables traditionally grown in Baguio City or Tagaytay City.
The inhabitants also engage in hunting, lumber, and manufacturing. The principal raw material produced is copra and coconut oil. Processed goods include white clay ceramics, dried fish, raw gulaman, and citronella oil.
The untapped natural resources of the island include geothermal power and the abundant sulfur and gypsum deposits.
Major industries includes fashion bags, Romblon bags, shellcrafts, placemats, hot pads, baskets, beverage coasters and tray.
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Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“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)
“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)