Business
General Santos City has registered 1,365 new medium to large enterprises in 2011. An aggregate investment involved is estimated PHP 1.202 billion. Top industry for new investment in 2011 are as follows: Hotel and Restaurant-31%; Wholesale & Retail Trade-20%; Repair of Motor Vehicles, Motorcycles and Personal & Household Goods, Real Estate & Renting Business Activities-17%; Other Community, Social & Personal Services-8%; Financial Intermediation-5%; Manufacturing-5%; Fishing-3%; ICT-3 % and others.
- Banking and Finance
As of 2000, there are 59 banks serving the city. This composed of 46 commercial banks, 5 savings banks, 7 rural banks and 1 cooperative bank. Aside from this, there are 48 lending institutions as well as 49 pawnshops providing emergency loan assistance.
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Famous quotes containing the word business:
“Our business is to have great credit and to use it little.”
—Thomas Jefferson (1743–1826)
“A mere literary man is a dull man; a man who is solely a man of business is a selfish man; but when literature and commerce are united, they make a respectable man.”
—Samuel Johnson (1709–1784)
“I am not going to have 2,000 condoms hanging in my window. I don’t care what it represents.”
—Sharon Zuckerbrod, U.S. business executive. As quoted in Newsweek magazine, p. 23 (November 20, 1989)