Economy
The Bay City Sorsogon, that is currently being built at the coast of Barangay Balogo will definitely have a huge impact on the economic growth of the city. It is a priority project of LKY Development Corporation, a privately-owned real estate company. The Bay City Sorsogon includes a Commercial Complex, Five Star Hotel, Coliseum, Outdoor Dining Area, a Central Bus Terminal and a lot more. The excavation of this 16-hectare property just started during the last quarter of 2010 and the completion is expected by the 3rd quarter of 2011.
It host most of the banks around the province like Landbank of the Philippines, Metrobank, Allied Bank, Bank of the Philippine Islands, Development Bank of the Philippines, United Coconut Planters Bank, Chinabank, Philippine National Bank, Camalig Bank, BDO UniBank, Postal Bank, Producers Bank and Green Bank Inc.
Read more about this topic: Sorsogon City
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)
“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)