Ormoc Islands Philippines
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Ormoc Islands Philippines
Economy, Commerce, and Industry of Ormoc

Ormoc City's economic base is a good mix of agriculture, aquaculture, industry, tourism, and commercial services. Sugar cane, rice and pineapple are the bulk produce of the agricultural sector. The city enjoys economic growth because it supplies the whole country of its power needs due to the abundant geothermal power resources in Tongonan and neighbouring Kananga town. Ormoc is also the gateway to the Leyte Industrial Development Estate in the nearby town of Isabel, home of the Philippine Phosphate Fertilizer Plant, the largest fertilizer factory in Asia, and the Philippine Associated Smelter and Refining Company, the country's biggest copper processing plant, among other industries.

The commercial service sector in the city is on the upswing. Banks,virtual assistance center, restaurants, cafes, night spots and sports centers dot the city. There are four sizable shopping centers in Ormoc City - these are the Gaisano Ormoc, Ormoc Centrum, The Point mall and A Mall. There are also many giftshops, videoshops, cellshops, pawnshops, bookstores and whole-sale stores around the city.

Source: Wikipedia Encyclopedia