Economy
As per the local government income classification of the Department of Finance in 2001, Calamba is classified as a "First Class City". In 2010, the city registered a total revenue of ₱261,671,267.96. Its proximity to Metro Manila has continuously spurred the growth of the real estate industry and marketing industries. As of 2007, Calamba City already qualified to become a Highly-urbanized city. Calamba City is also recognized by the PCCI as the "Most Business Friendly LGU" and also obtained the City Level 2. The city also ranked no. 1 in Laguna and no. 10 Nationwide on the Component City Category, given by the DILG.
For the year 2008 about 1,289 new investors have applied for permits from the city government, about 19.8% higher than 2007, while the total number of business operators has reached to 5,154, excluding peddlers. Aside from the Crossing area in Barangay Uno, Barangays Real and Parian are also bustling with business structures, including SM City Calamba, Waltermart and Lianas Supermarket. Manufacturers on the other hand are concentrated in the 9 industrial estates. These include, Allegis IT Park (Brgy. Tulo); Calamba Premiere International Park (Brgy. Batino, Barandal and Prinza); Carmelray Industrial Park I (Canlubang); Carmelray Industrial Park II (Brgy. Punta & Tulo); Carmelray International Business Park (Canlubang); Filinvest Technology Park (Brgy. Punta, Burol & Bubuyan); Light Industry and Science Park II (Brgy. Real & La Mesa); Light Industry and Science Park (Brgy.Real & La Mesa); and YTMI Realty Special Economic Zone (Brgy. Makiling).
Calamba City is also hailed as "The Richest City in Southern Luzon", surpassing the cities of Santa Rosa, Antipolo, Batangas and Dasmariñas based on the 2011 COA Annual Budget Report.
Read more about this topic: Calamba, Laguna
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)