Economy
Santiago City is Cagayan Valley's pioneer city. Its cityhood motivated other towns to grasp for more progress and to uplift the people's standard of living. Santiago City has highly equipped facilities in health, education and security making it a first choice in terms of settlement.
Home of several business enterprises, banking institutions, educational entities, as well as manufacturing companies, the City of Santiago is considered the Commercial and Industrial Center of Cagayan Valley.
Robinsons Land Corporation has recently launched Robinsons Place Santiago as its pioneer mall in Cagayan Valley. Vista Land and Lifescapes Inc. entered Cagayan Valley by building Camella Isabela. It has recently launched another project named as Camella Santiago. The head-office of Grupo Marilens, the largest homegrown corporation in the region, is in Santiago City. Three of the biggest TV networks in the country (i.e.ABS-CBN, GMA7, TV5)stationed their regional networks in the city. San Miguel Corp., Pepsi Cola, Purefoods, Digitel and PLDT also operate in the city whle different car companies abound(i.e. Mitsubishi, Toyota, Nissan, Isuzu, Hyundai, KIA, Ford, other car companies as well as Yamaha and Honda Motors). The National Food Authority competes with local traders to stabilize prices.
Santiago City houses some of the biggest hospitals in the region. The University of La Salette Hospital is said to be the biggest having a capacity of at least 350 bed. De Vera's Medical Center, Callang General Hospital and Cagayan Valley Sanitarium are also equally equipped private hospitals. The Santiago City Emergency Hospital and Flores Hospital are now considered Medical Centers.
Notable school institutions located in the city are the University of La Salette, an international school, Northeastern College, one of the oldest schools in the region, and Infant Jesus Montesorri school.The Southern Isabela College of Arts and Trades is the biggest vocational school operating in the city.
Despite rapid industrialization, agriculture is still the untoppled source of livelihood. The main crops are palay, corn, high value fruits and vegetables. The city is where imposing grain stations can be found. Rice mills abound. It is the pivotal place for crops where harvests from Ifugao, Kalinga, Quirino, Nueva Viscaya, and parts of Isabela are transported either to Nueva Ecija, Bulacan, Pangasinan or Batangas. In addition to the city's product is muscovado sugar which the local government has been promoting for export.
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Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)