Economy
The City of Batangas gears up activities on trade, finance, education and medical services for most part of the province . As a center for trade and commerce, it hosts one of the largest oil refineries in the country, Pilipinas Shell, and three natural gas power plants, namely, Keilco, First Gas and Malampaya On-Shore Gas Plant. Other major industries include: San Miguel Food Corporation, JG Summit Petrochemical Corp., Universal Robina Corp., Himmel Industries Inc., Chemphil Bulk Terminal, San Lorenzo Power Plant and First Philippine Industrial Corp. It is the center for education, with three of the largest universities in the province and recently, more International Schools have chosen the City as their campus sites.
The City draws thousands of transient and migratory workers, with 46 banking and other financial institutions, 4 major hospitals and 3 major hotels and various government agencies.
Read more about this topic: Batangas City
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)