Tacloban is situated on Cancabato Bay, in the San Juanico Strait, which partitions the islands of Leyte and Samar. Tacloban is the financial focal point of Eastern Visayas, with an economy generally centered around business, tourism, exchange, instruction, society, and government in the district. A few territorial supporters are situated in the city, including ABS-CBN and its provincial broadcast, TV Patrol Tacloban, GMA-CBN and its local report, 24 Patrol Tacloban Monetarily, Tacloban is one of the quickest developing urban communities in the Philippines. It has one of the most minimal neediness frequency rates in the nation, and is the wealthiest neighborhood government unit in Eastern Visayas. After its huge demolition on 8 November 2013, Tacloban is presently considered as a 'start up' city, which means the world needs to begin over sans preparation. As of now the city is encountering a quick monetary bob back, and is named as the 'rising phoenix of the East' surviving its difficulties that once made the city arranged into "ground zero". The Daniel Z. Romualdez Airport likewise makes this city a key provincial transportation center point.