Economy
The economy of the island is centered in Metro Manila with Makati City serving as the main economic and financial hub. Major companies such as Ayala, Jollibee Foods Corporation, SM Group, and Metrobank are based in the business districts of Makati, Ortigas Center, and Bonifacio Global City. Industry is concentrated in and around the urban areas of Metro Manila while agriculture predominates in the other regions of the island producing crops such as rice, bananas, mangoes, coconuts, pineapple, and coffee. Other sectors include livestock raising, tourism, mining, and fishing.
Read more about this topic: Luzon
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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)