Economy
Bandung economy is mainly built upon tourism, manufacturing, textile/apparel, education institutions, technology, retail, services, plantation/agriculture, financial, pharmaceutical, food, among others. Those are the major investments and most popular fields/industries being sought here.
Bandung has nearly 50 higher educational institutions and is among the most popular destination for education in Indonesia. Creative-based culture has shaped the basis of Bandung economy. The once quiet residential district of Dago has become an important business and entertainment centre. Chic cafes and restaurants are spreading out along Dago Street. In the early 1990s Cihampelas Street became a popular clothing store location.
The distro sell stylish non-trademarked products, made by local designers. Books, indie label records, magazines, fashion products and other accessories are typical distro products. After their products receive large teenagers attention, then these local designers make their own clothing company. Now, there are more than 200 local brand names in Bandung. The distro distance itself from factory outlets in term of its philosophy. Distros arise from individual designers and young entrepreneurs, while factory outlet products are from garment factories.
Bandung administration has agreed to optimize 7 industrial and trade area which its are the speciality of Bandung:
- Binongjati Knitting Industrial and Trade Center
- Cigondewah Textile Trade Center
- Cihampelas Jeans Trade Center
- Suci (T and Oblong) Shirt Industrial Center
- Cibaduyut Shoes Industrial Center
- Cibuntu Tofu and Tempeh Industrial Center
- Sukamulya Sukajadi Doll Industrial Center
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Famous quotes containing the word economy:
“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)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)