Economy
Puerto Princesa is known as the Eco-Tourism Center of the Philippines. In recent years, the city has seen a remarkable increase in the number of tourists bringing with them trade and businesses for the city. Many hotels ranging from basic to five-star luxury accommodations have been developed since the 1990s to cater to a growing number of foreign and local tourists in the city. There are also a large selection of restaurants, bars, and shops including the recently completed Robinsons Place Palawan shopping mall.
Most tourists come to Puerto Princesa to visit the Puerto Princesa Subterranean River National Park located 50 km north of the city. It was named one of the New7Wonders of Nature. The city is also the jump-off point for exploring the Tubbataha Reef.
Read more about this topic: Puerto Princesa
Famous quotes containing the word economy:
“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)
“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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)