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)
“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)
“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)