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World Class Philippine Hotels and Beach Resorts - Discounts, Informations and Reservations |
ZAMBOANGA CITY
Best of the Islands Philippines
ECONOMY
The Zamboanga economy is largely agricultural and aquacultural-based. Agriculture and fishing provide activity and income to 70% of the population. The city territory includes 560 km² of arable lands and 700 km² of permanent crops, mainly coconut. The city's farmers produce 86,000 metric tons of coconut a year, 26,000 metric tons of rice and 11,000 metric tons of corn. Average annual production of fish – from the sea or raised in fishponds inland – is about 1,600 metric tons.
Zamboanga City has emerged in recent years as a principal producer of seaweed. Seaweed farming occupies close to 2,000 Zamboangueño farmers and 4.07 km² offshore. Average annual production is 14,000 metric tons. Some consider the city’s economic prospects as bright with the value of investments increasing since 1993. From 1993 to 1994 the increase was 332%. From 1994 to 1995 it was 42%.
Philippine
Travel Tips and General Informations
Source of Information:
Department of Tourism, Philippines
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ECONOMY Zamboanga City has emerged in recent years as a principal producer of seaweed. Seaweed farming occupies close to 2,000 Zamboangueño farmers and 4.07 km² offshore. Average annual production is 14,000 metric tons. Some consider the city’s economic prospects as bright with the value of investments increasing since 1993. From 1993 to 1994 the increase was 332%. From 1994 to 1995 it was 42%. |
Source of Information:
Department of Tourism, Philippines |
Exports grew by 6% in 1995, and it continues to grow. The top export items are coconut oil, marine products, and processed food. As part of its effort to boost economic development, the Zamboanga City government has committed forty-four percent of its total budget to economic and infrastructure projects in recent years.
Zamboanga City is home to 60 banks (including branches), 49 pawnshops, 20 credit cooperatives and seven lending institutions. Most of the banks operate automated teller machines. Supplied with energy by the National Power Corporation, the city at present has more electricity than it can use. In 1994, only 72% of the available power was consumed, with this ratio increasing by three percentage points in 1995.
Local economic planners have concluded that the most viable opportunities for investors are in food processing, wood and forest-based products, coconut-based products, marine products, gifts, toys and house wares, machine and equipment fabrication, garment manufacturing, ceramics, and low-cost housing.
Zamboanga City Travel Information
Geography / Political Subdivision / Population / Language - Climate & Industries - History - Festivals
Special Interest - Cultural Attractions - Natural Attractions - Man-Made Attractions
Getting There - Economy - Infrastructure - Hotel Accommodations
Exports grew by 6% in 1995, and it continues to grow. The top export items are coconut oil, marine products, and processed food. As part of its effort to boost economic development, the Zamboanga City government has committed forty-four percent of its total budget to economic and infrastructure projects in recent years. Zamboanga City is home to 60 banks (including branches), 49 pawnshops, 20 credit cooperatives and seven lending institutions. Most of the banks operate automated teller machines. Supplied with energy by the National Power Corporation, the city at present has more electricity than it can use. In 1994, only 72% of the available power was consumed, with this ratio increasing by three percentage points in 1995. Local economic planners have concluded that the most viable opportunities for investors are in food processing, wood and forest-based products, coconut-based products, marine products, gifts, toys and house wares, machine and equipment fabrication, garment manufacturing, ceramics, and low-cost housing. Geography / Political Subdivision / Population / Language - Climate & Industries - History - Festivals Special Interest - Cultural Attractions - Natural Attractions - Man-Made Attractions Getting There - Economy - Infrastructure - Hotel Accommodations
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