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Bohol

Location and boundaries

• The province lies east of Cebu, southwest of Leyte, north of Camotes Sea, west of the Bohol Strait, and south of the Mindanao Sea. Its capital is Tagbilaran City.
• Bohol is an oval-shaped mainland surrounded by 73 smaller islands and is generally flat, with a gently rolling terrain. At certain points, hills drop steeply to the coast from a maximum elevation of 870 meters above sea level.

Infrastructure facilities

• Airports
  • 1 in Tagbilaran City classified as secondary
  • 1 feeder airport in Ubay town
  • Daily direct flights are plying the Tagbilaran-Cebu and Tagbilaran-Manila routes. Manila can be reached in a span of 2 hours while Cebu is only 25 minutes away.
• Seaports
  • Complementing the airport is the newly expanded Tagbilaran City Port, which has ample space for the increasing cargo and passenger ships. It has fine port facilities such as:
    • 245 meter berth length and 2 dedicated berths for fast ferries capable of handling a container traffic of 5,142 TEUs
    • 2 roro ramps, 18,200 sq.m. storage area and 13,300 sq.m. backup area
    • 300 sq.m. transit shed

Cost of doing business

• Salaries/wages

  Category	Rates (in US$)
  Non-Agricultural Enterprises with no more than 20 workers	3.50
  Handicraft
  less than 30 workers	3.42
  more than 30 workers	3.50
  Retail Trade
  less than 10 workers	3.26
  more than 10 workers	3.50
  Agri-Enterprises with more than 24 hectares with more than 20 workers and P5M and above sales per annum	3.20

  
  
• Power
  • Bohol Electric Cooperatives I and II for the municipalities
  • Bohol Light Utilities Inc. for the city

    Basic Rate		$0.04
    Power Cost Adjustment		$0.06

    Note: Minimum of 100kw is needed for direct power connection
• Water
  • Bohol Water Tagbilaran City Waterworks

    0 to 9 cubic meters		$1.30
    10 cubic meters		$0.14
    11 to 20 cubic meters		$0.15
    21 to 30 cubic meters		$0.18
    31 cubic meters and above		$0.40/cu.m.

Potential investment areas

• Agri-tourism development
• Aquaculture (prawn, grouper, seaweeds, crabs)
• Bottled water
• Facilities (accommodation, sea transport, trail biking/trekking, spelunking, yacht club, retirement village, transportation facilities/services, restaurants)
• Farm implements
• Food processing
• Furniture/furnishings
• Garments
• Golf course development
• High-value crop production/commercial production
• Light industries (precision assembly, semi-conductors)
• Oil/feed mills
• Post-harvest facilities (storage, processing , milling)
• Services (media/advertising, medical services/facilities, information technology, financial services, engineering/architecture, training and sports facilities, development of indigenous power resources, human resource development)

Incentives

Incentives provided under Executive order 226, Republic Act 7042, and the Special Economic Zone Act of 1995 is tax credit of 10% f total cost of infrastructure to be deducted from future real property tax liability within a period of 5 years.

Qualified Enterprises:

• Medium-scale: Capitalization of at least P1.5M but not more than 100M
• Large-scale: capitalization of more than P100M

Major tourist attractions

• Nature
  • Bohol is where you can find the world's smallest monkey - the tarsier.
  • This is also home to the famous Chocolate Hills of Bohol, the Hinagdanan Cave of Dauis which is noted for its underground spring water and stalactites and stalagmites, and Balicasag - a marine life sanctuary and scuba diving site.
• Historic sites
  • The Punta Cruz is an old structure built by the Jesuit priests during the Spanish era as watch tower against invading muslim pirates
  • The Baclayon Church was built in 1595 by the Jesuits and considered to be the oldest stone church in the Philippines.