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Why Cebu
Doing Business in Cebu
Investment
Opportunities

Identified
Economic Zones

  Location of Industrial Lands
  Cebu Light Industrial Park
  Mactan Export Processing Zone 2
  Miranila Special Economic Ecozone
  New Cebu Township One Special Ecozone
  West Cebu Industrial Park
Cost of Doing
Business

Frequently
Asked
Questions

Business Application Forms
 


                    
COST OF DOING BUSINESS IN CEBU (BOI format) 2002

Minimum Daily Wages:
CATEGORY
WAGE RATE (US$)
 I.  General
 
      A. Non-Agricultural
3.70
      B. Agricultural
3.40
          Plantation
3.35
          Non-Plantation
3.35
      C. Cottage/Handicraft
3.86
      D. Private Hospitals
3.96
      E. Retail Service
 
          - Employing 10 workers or less
3.84
          - Employing more than 10 workers
3.87
 II. For Business Enterprises with Capitalization  of not more than P 500,000 and employing not  more than 20 workers
 
      A. Non-Agricultural
4.00
      B. Agricultural
 
          Plantation
3.35
          Non-Plantation
3.35
      C. Cottage/Handicraft
4.00
      E. Retail Service  
          - Employing 10 workers or less  
          - Employing more than 10 workers  

Real Estate:
 
US$
 Residential Lease Rates: (rental/mo.)  
 Condominium
399.84-799.68
 Executive House
499.80-999.60
 Commercial & Industrial Lease Rates:  (rental/sq.m.)
 
 Industrial Park Land Lease (per sq.m/mo.)
0.36-0.38
 Industrial Factory Lease (per sq.m/mo.)
2.66-3.20
 Office Rental (ave. price per sq.m/mo.)
3.92-7.35
 Rental within Cebu Business Park
8.40
 Rental in Uptown Area
4.60
 Rental in Downtown Area
0.035
 Rental in Mandaue Area
6.00
 Rental in North Reclamation Area
6.20

Transportation:
          Airline Cargo Rates:
Air Freight Service
US$
 Tokyo, Osaka & Nagoya
 100 kg.
 300 kg.
 500 kg.
 1000 kg.

1.60-1.72
1.52-1.56
1.48-2.32
 1.44-1.48
 Hongkong - minimum
 100 kg.
 500 kg.
 1000 kg.

0.88-1.12
0.64-0.62
0.76-0.80
 To Rotterdam
780-800
 To Japan
640-820
 To Taiwan
480-600
 To Singapore
300-360

          Boat Cargo Rates:
Shipping Service
US$
 To US East Coast
1,440-1,880
 To US West Coast
1,120-1,600
 To Rotterdam
780-800
 To Japan
640-820
 To Taiwan
480-600
 To Singapore
300-360

Communication:
          Telephone Rates
Telecommunications
US$
 Installation Costs  
   - Residential
37.25-49.76
   - Commercial
69-80
 Monthly Charges
 
   - Residential
12.74-15.68
   - Commercial
15.68-19.60
 International Call (per minute)
 
 USA*
1.8
 Japan*
1.4
 Singapore*
1.36
 Hongkong*
1.4
 Taiwan*
1.4
 Germany*
2
   *Per minute PLDT rates only

Utilities:
          
Power Rates (per Kwhr)
Residential
Commercial
Industrial
5.20
5.46
2.5-4.00

          Water Rates (per cu.m.)
Residential
Commercial
Industrial
 11-20 cu.m     P 11.97
 21-30 cu.m     P 14.07
 31 & above     P 38.61
 1-3 in.  P 345-P 3,928
 4-6 in.  P 7,986-P 11, 762
 
33.50

   *For Commercial/Business: Dependent on meter size

Accommodations:
Accommodations
Rate (US$)
 De Luxe/Resort
170-230++
 Economy Class Hotel/Resort
110-135++
 Tourist Inn
10-20
 Standard Class
45-155++
 Economy Class
10-30++
 Apartelle
14-18
 Pension House
6-18
 Beach Resort:
     Class AAA
     Class AA
     Class A

100-270
80-195
14-90

 Data Sources: Cebu Investment Promotions Center, DOLE-7/RTWPB,  Cebu Holdings Inc., DOT-7, DTI-Cebu Databank


   
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