Tagbilaran City, Friday, 12 April 2002
In the heart of Asia lies the Philippines - now poised to take its place as an investment area in the region. And in the heart of this archipelago of 7,100 islands, the tenth largest island, Bohol, is ready to offer an investment climate that is advantageous for both foreign and domestic investors.
Bohol is located in the central part of the Philippines, which makes it easy to access from the both the capital city of Manila and the regional metropole Cebu and thus to potential markets. With a travel time of less than two hours by fast boat and about twenty minutes by plane, Bohol is easy to reach both by air and sea from nearby Cebu, which today is the industrial and commercial center of the Southern Philippines.
Certainly, Bohol is an alternative that gives you the right business climate, plus a healthy environment that provides a soothing haven to a busy lifestyle.
Bohol's primary asset is its people, with the distinctive quality traits of hospitality, dedication to work, industry and self-reliance. It has a highly trainable and strong labor force of about 686,000 and literacy rate is 95.57%, which makes up a dynamic manpower pool. The majority of the Boholanos can speak and write English.
Bohol offers quality manpower at lower rates than to those of the metropolitan areas.
Bohol has one of the best displays of natural resources that lure business and the more pleasurable adventures. It has an abundant water resource that remains to be tapped and agricultural areas that have great potential. Seek delight and experience pleasure in its best diving havens, rich marine resources and a variety of natural wonders. Discover Bohol's history in its landmark and imbibe a piece of its culture through festive celebrations and an array of cultural expressions.
Bohol is cognizant of the need to provide necessary infrastructure facilities for a growing population and the increasing demand of commerce and industry. To improve the services and efficiency of the utilities, the Provincial Government sought a joint venture project for both power and water with a private partner. The ongoing power interconnection project with Leyte is targeted to generate additional power supply of 80-100 MW of geothermal energy. The national highway that links the municipalities is being paved under the Bohol Circumferential Road Mega-Project that has increasingly provided efficient access and transport of people, goods and services. Meanwhile, large irrigation facilities are expected to irrigate an additional 10,260 hectares of ricelands.
In Bohol, synergy and participatory development processes have resulted to local governance initiatives and policies that give leverage to strategic investors and entice business to locate here.
Bohol is the seat of an international treaty of peace and friendship between Datu Si Katuna, a native chieftain and Miguel Lopez de Legaspi, a Spanish conquistador on March 16, 1565 through a blood compact known today as Sandugo. The province celebrates its foundation on July 22, 1854 as Bohol Day.
Bohol is a prime eco-cultural tourist destination and a strong agro-industrial province with an empowered and self-reliant people who are God-loving, law-abiding, proud of their cultural heritage and committed to the growth and protection of the environment.
The tenth largest island in the country, it is nestled securely in the heart of the Visayas, between southeast of Cebu and southwest of Leyte. Its oval-shaped mainland, surrounded with 73 smaller islands, has a gently rolling terrain ideal for commercial and industrial site development.
Bohol's mountainous interior is home to rare and endangered flora and fauna. The uplands are fit for agro-forestry and high value agricultural production. The central and northern lowlands have also fertile grounds and abundant water supply.
Over a hundred caves have been identified, the biggest of which is found in the eastern part of the island, which makes Bohol ideal for spelunking adventures.
Typhoon and earthquakes are very rare.
At the moment, Asian Spirit and Laoag Airlines serve the direct route to Manila daily. Development projects at the city airport, including the extension of the runway length, are expected to handle PAL B737s in December 2001.
There are 10 daily ship calls to Cebu, 7 being fast ferry trips. Daily passenger traffic is approximately 4,500.
Other regular destinations include Manila (4 times weekly), Cagayan de Oro, Dumaguete, Dipolog, Iligan, Larena, Plaridel and Ozamis. Four other ports cater to Cebu and northern Mindanao routes.
Bohol is the second most populous province in the region with 1,137,269 residents in 2000, representing 20% of the region's total (2000 NSO). Growth rate is 0.89% while the population density is 204 persons per square kilometer (1995 POPCEN).
Employment is predominately agriculture-led at 50%, followed by the service sector at 33% and industry at 17%. Approximately 93% of the labor force, or about 637,980, were employed in 2000.
The annual turnover of college graduates, approximately 3,800 a year, assures a reliable supply of highly trainable and dynamic manpower. Engineering course graduates comprise 20%.
A host of learning institutions, among the best in the region, includes one university, six colleges - four in agriculture and fishery, and six technical/vocational schools. Skills development centers are handled by TESDA in five towns.
Boholano is the native dialect, which is closely associated with the Cebuano dialect.
About half of the province is covered with limestone and other non-metallic minerals like high-grade silica, guano and clay. For instance, the limestone deposit in Garcia-Hernandez covers a 640 hectare-spread with 600 million tons available for processing by the Philippine Sinter Corporation.
Vines and fibers constitute Bohol's vegetation, which are sources of indigenous raw materials for its handicraft industry.
An abundant supply of surface water is provided by 434 springs, 59 rivers and 197 creeks provide abundant supply of surface water - a ready reservoir for a water development program.
Bohol is gaining prestige as a prime eco-cultural tourist destination in the region.
Like the other islands in the region, Bohol has an abundance of pristine white sand beaches and azure blue waters. Coral reefs teem with a variety of picturesque marine life. Most notable of these sites and increasing in world renown are those found in Pamilacan, Balicasag, and Cabilao islands, now becoming havens for tourist and scuba divers.
Inland, serving as magnets for local and foreign tourists, are sights that are equally remarkable. These are Bohol's natural and cultural wonders. Some of these sites earned worldwide interest, such as: the 1,268 perfectly-coned haycock hills, more popularly known as the Chocolate Hills, hunched together with elevations of 40-120 meters high. There are the Baclayon Church, the best-preserved Jesuit-built church in the region; and the reclusive Philippine Tarsier, the world's smallest primate endemic only to Bohol and a protected species.
Gradually taking shape is the 2,000-hectare Panglao Island Tourism Estate (PITE) just off Tagbilaran City. Declared as a flagship project of the government, the PITE is one of the five tourist satellite destinations in the country where investments in hotel/resort complexes, convention facilities, sports/recreational facilities, golf courses, shopping centers, retirement and handicrafts village and marina are being promoted.
Its agricultural area is estimated at 60% of the total land area, or about 256,400 hectares. With most of its land utilized for agriculture, the province is considered as a potential food granary of the Central Visayas region.
Coconut is grown in 63,500 hectares. Rice, the staple crop, is cultivated in 50,561 hectares, with irrigated ricelands comprising only about 32%, or 19,259.04 hectares. Corn, on the other hand, is grown in 19,347 hectares. Mango is an emerging product with 120,000 fruit-bearing trees and 180,000 more by the turn of the century. Mango harvest reached 422 metric tons in 1996. But Bohol is best known for its ubi kinampay, an aromatic purple yam.
Prawns are directly exported to Japan. Lobster, seaweeds and milkfish are likewise harvested. Seaweeds of the eucheuma variety are cultured and marketed to Cebu for processing into various grades of carageenan.
The northeastern strip of Bohol which faces Cebu has been identified as viable areas for development of Special Economic Zones (SEZ) as part of the Regional Growth Corridor (RGC). These SEZs shall enable the province to gain economic headway as an agro-industrial center in the region. Already, areas suitable for industrial sites have been consolidated to provide easy entry for investors.
Great opportunities exist for complementation between these SEZs and those found in the eastern coast of Cebu, such as the MEPZ I and II. Investment opportunities would be in the areas of agri-business, light manufacturing, and even eco-tourism.
Tagbilaran City serves as a major service center for various tourist packages in the province. Three major tourism circuits have been identified that offer diverse attractions to tourists and guests.
On top of all these, the Local Government Unit is providing a vibrant atmosphere for investments in Bohol. The Bohol Investment Code has been passed which establishes both fiscal and non-fiscal incentives, and investment mechanisms that are investor-friendly. Special assistance services will also be extended in the ecozones.
The Bohol Investment Promotion Center has been set up to cater to investors' needs.
Bohol is wired with the rest of the world through the state-of-the-art telephone facilities that provide domestic and international linkages through the service providers PLDT, Cruztelco and Islacom. Cellular phone firms have also established entry in the province. Internet access is available with the three service providers now in Tagbilaran City.
Access to telecommunications can be made easily in the towns through the 138 public calling stations. Forty-three payphone stations are conveniently located in strategic places and major commercial centers in the city.
A project of Islacom involves the installation of province-wide landline connection, increasing the number of lines from 2,000 to 13,000.
The Tagbilaran City wharf has fine port facilities, such as: 265.8 m of berth length and 2 dedicated berths for fast boats; two roro ramps; 18,000 m2 storage area; average cargo handling capacity of 49,000 tons accommodating 10-20 footer vans; container traffic of 5,142 TEUs, and 300 m2 transit shed.
A port expansion project in Tagbilaran City costing 85 million pesos is being pursued for the construction of additional berthing space for fast craft ferries.
The province is fully energized by the National Power Corporation. The actual generation capability of 54.2 megawatts is supported by the following facilities:
|Power Barge 101||26.0|
The 21 billion-peso Leyte-Bohol interconnection will bring geothermal power of higher capacity base of 80-100 megawatts. Power rates are then expected to be very competitive.
Industries with power requirements of at least 100 kilowatts can apply for direct interconnection with NPC.
Water supply is made available in Tagbilaran City and in the nearby municipalities on a 24-hour basis with the completion of the Tagbilaran Water Supply Project. Thirty-two deep wells with submersible pumps operate at a daily capacity of 19,000 cubic meters.
Several water projects are in the pipeline to respond to water requirements for both domestic and industrial use. The Central Visayas Water and Sanitation Project and the construction of Level III water systems have made water available in 16 other municipalities. Likewise, the development of Ujan Spring in Cortes with a daily capacity of 3,500 cubic meters and Loboc River are currently being pushed.
The road network is well developed, facilitating access to all barangays. The 2.6 billion-peso Bohol Circumferential Road Project, covering a total of 589 kilometers along the national highway, will improve the road network. Phase I of the project, which links about half of the province from Calape to Candijay, has been completed.
Bohol has adequate accommodation facilities to offer to tourists and investors alike. In place are seven hotels, 36 lodging/pension houses, and 31 beach resorts. There are slightly over one thousand rooms of varying standards.
Other tourist facilities are nine diving shops, nine sports centers, eleven high-end diving resorts and 16 centers for shopping and recreation. There are nine establishments that can cater to conventions.
Likewise, a strong and enthusiastic banking sector has enabled the province to be at par with the rest of the urban centers in the country. There are 45 banking units providing modern banking facilities.
803 kilometers South of Manila
79 kilometers Southeast of Cebu
|Nr. of Municipalities||47|
|Nr. of Barangaysb ||1,109a
||Land Area ||411,726 hectares
|| Province ||1,137,268a
|| Tagbilaran City ||77,700a
||Language/Dialects ||Boholano, English, Tagalog and Chinese
||Literacy Rate ||95.57%c
||Labor Force ||686,000a
||Climate ||Generally fair
Average temperature: 29°C
|Commerce & Industry
DTI registered as of June 1998.
||Industrial Establishments ||Limestone mining, cassava, starch/glucose plant, galvanized iron sheets factory, soft drink bottling plant, frozen prawn, food processing, ice plant, handicraft, metalcraft, furniture, garments
||Leading Non-traditional Exports ||Prawns, baskets, woven raffia
||Leading Domestic Items Traded ||Galvanised iron sheets, limestone, handicrafts, marine products, rice, bananas, cattle, hogs, mangoes, fish, copra, garments
||Leading Domestic Trade Partners ||Visayas, Mindanao
||Arable Area ||256,400 hectares
|| Certified alienable & disposable ||310,455 hectares
|| Classified forests ||101,271 hectares
||Agri/Aqua Products ||Rice, corn, coconut, root crops, vegetables, fruits, poultry, fish, prawns, crabs, seaweeds
||Power Capacity ||54.2 MW
||Water Supply ||19,000 cubic meters daily
||Road Network ||5,383.589 kilometers
|| National ||588.879
|| Provincial ||971.361
|| City ||66.569
|| Municipal ||277.310
|| Barangay ||3,479.490
||Base Ports ||Tagbilaran City
||Terminal Ports ||Tubigon, Jagna, Ubay, Talibon
||Subports ||Catagbacan (Loon), Getafe
||Municipal/fish ports ||15
||Private Ports ||2
||Airports (Domestic) ||Tagbilaran City Airport
||Bus Companies ||23
||Vehicles for Hire ||3,395
||Trucking services ||9
||Telephone lines ||36,890
||Cellular phone firms ||3
||Telecommunications companies ||3
||Radio stations (AM, FM) ||5
||Cable stations ||5
||Post Offices ||49
||Internet service providers ||3
||Trade publication ||1
||Commercial banks ||11
||Development banks ||20
||Government banks ||3
||Cooperative bank ||1
||Savings banks ||4
||Rural banks ||8
||ATM facilities ||7
||International credit cards available ||6
||Lending firms ||65
a According to the NSO census of 2000.
b The smallest political subdivision, a neighborhood.
c 1994 FLEMMS.
|Peso / day||Peso / day|
|Peso / kWh||Peso / kWh|
|Bohol Light Co.||4.86845||5.02475|
|Supplier||Residential and Commercial|
|Consumption Range |
|Bohol Water Utilities-Tagbilaran City||0-9||65.00 Peso (flat rate)|
|10||6.80 Peso / cubic meter|
|11-20||7.60 Peso / cubic meter|
|21-30||8.78 Peso / cubic meter|
|31 and above||17.87 Peso / cubic meter|
|Peso / sq. m.|
|Along CPG Avenue (Main Street)||30,000 - 40,000|
|Along CPG North Avenue (Main Street)||10,000 - 20,000|
|Beach Areas||1,000 - 1,500|
|Residential||50 - 1,500|
|Commercial||1,000 - 40,000|
|Industrial||1,000 - 40,000|
|Agricultural||50 - 1,000|
|In the towns||50 - 1,000|
|Residential||5,000 - 10,000 / month|
|Commercial||100 - 300.00 / sq. m.|
|National (Long Distance Call)||P 4.00 - 8.00/min.|
|International||$ 0.49 - 0.99/min.|
|Route (one way)||First kilogram||Succeeding kilograms|
|Peso||Peso / kg|
|Route (one way)||Class A||Class B||Class C|
|Peso per cubic meter, EVAT Exclusive|
For employed members
|Range of Compensation||Salary Credit||Employer's Contribution||Employee's Contribution|
|11,750 & above||12,000||618.00||400.00|
|Average family income||38,187|
|Average family expenditure||28,841|
|Average family savings||9,346|
|Average family income||29,052|
|Average family expenditure||22,411|
|Average family threshold||5,978|
Department of Trade and Industry
Bohol Provincial Office
2nd Floor, FCB Building, C.P.G. North Avenue, Tagbilaran City
Phone (63-38) 411-3302, 411-3533
Telefax (63-38) 411-3236
Bohol Chamber of Commerce and Industry
4th Floor, FCB Building, C.P.G. North Avenue, Tagbilaran City
Telefax (63-38) 411-5910
Small and Medium Enterprise Development Center (SMED)
c/o DTI Office
2nd Floor, FCB Building, C.P.G. North Avenue, Tagbilaran City
Phone (63-38) 411-3302, 411-3533
Telefax (63-38) 4113236
Tagbilaran City Government
City Hall Compound, Tagbilaran City
Phone (63-38) 411-3130; 411-3715; 411-3720
Fax (63-38) 411-4405
|New Business Establishment|
|Initial Capitalization for New Business|
|DTI Registered |
in million Pesos
in million Pesos
in million MWh
in million cubic meters
in million 40 kg bags
|VISITOR TRAFFIC |
|CARGO STATISTICS |
in millions tonnes
|Telephone lines |
|BIR REVENUE COLLECTIONS |
in million Pesos
|DOLLAR REMITTANCES |
|FUEL CONSUMPTION |
in million liters
|APPLIANCE SALES |
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