The town's economy is supported by people from the Burias Island of Masbate province who are mostly trading their products in this small municipality.Seven years after its establishment as a town, the Parish of Our Mother of Perpetual Help was erected by Archbishop Pedro P. Santos.The only industrial business is a mini-containerized ice plant which caters to the needs of rich-fishing activities, and a few rice mills.Land transportation refers to the present road circulation system as well as bus, van, and jeepney terminal.Marine transportation facility operates through the existing Balatan Municipal Port of Ragay Gulf.