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Laguna Economy
Laguna Islands Philippines
Natural Resources:
Laguna Islands Philippines is blessed with abundant natural resources. Its forests are filled with bamboo, rattan, and soft hardwood. Its wide fields and vast forests are ideal for growing rice, coconuts, vegetables, tropical fruits, orchids, and other ornamental flowers and exotic plants. The province is also rich in mineral resources such as clay, jasper and basalt glass.
There are about forty (40) rivers in Laguna with a total area of almost 0.5 square kilometres. In the forests of Mount Makiling and in the waters of Laguna de Bay are an abundance of flora and fauna. The Laguna de Bay has an approximate area of 3800 km² broken down into 2900 km² of land and 900 km² of lake proper with 220 km shoreline.
Laguna's greatest natural resource is water. It has an estimated 300 million US gallons (1,100,000 m³) of underground water, capable of generating energy for Laguna's expanding power needs. At least seven principal water basins in the province with a total of 5,773 km² drainage area and 1,316 km² level area provide an estimated 9.238 km³ total run-off annually.
Agricultural Activities
Fishing, Crop Production, Livestock and Poultry Production
Investment Opportunities:
Ecotourism enterprises; Convention centers; Coconut inter-cropping; Forest Trees, Cutflowers & ornamentals; Fruit & vegetable processing; Herbal medicines; Herbal essences; Gifts and housewares; Metalcraft (Industrial equipment, Engines, Surgical instruments, Agricultural machinery, tools); Service Facilities (Packaging, Warehousing, Trucking services, dryers); Electronics (Consumer electronics, Telecommunications, Computers & peripherals, Semi-conductors); and Garments and footwear; Agriculture; Fishing; Forestry; Tourism.
Financial Institutions:
Banking institutions maintain an extensive branch network in Laguna. Commercial banks, savings and mortgage banks, private development banks, stock savings and loan associations, and rural banks operated a total of 267 branches in the province.
Non-bank financial institutions provide supplementary financial services to Laguna residents and businesses. A total of 394 offices have been set up by lending investors, pawnshops, financial companies, nonstock savings and loan associations, and investment houses with quasi-banking functions.
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