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Camarines Sur

Location and boundaries

• Camarines Sur is surrounded by Camarines Norte and San Miguel Bay in the North, Albay in the South, Pacific Ocean and Lagonoy Gulf in the East, and by Ragay Gulf in the West.

Infrastructure facilities

• 1 airport
• 12 fishing seaports
• 12 commercial & feeder ports
• 4 local exchange carriers
• 2 mobile phone companies
• 4 public calling offices
• 10 franchise TV transmitting stations
• 33 radio stations
• 3 telegraph stations
• 4 internet service providers

Cost of doing business

• Power
  • Residential: US$0.68 minimum for 0-15 kwh, additional $0.068 per excess kwh
  • Commercial: $1.0566 minimum for 0-20 kwh, addtional $0.068 per excess kwh
• Water
  • Residential: $1.75 minimum
  • Commercial: $3.50 minimum
• Minimum wage rates
  • Non-agricultural: $3.40
  • Agricultural: $3.00

Potential investment areas

• Agribusiness
• Furniture
• Gifts, toys and houseware
• Services
• Tourism

Incentives

• Fiscal incentives include exemption from all local business taxes, basic real property tax and all local non-regulatory fees and charges.
• Non-fiscal incentives are assistance in securing local permits and licenses, identifying suitable business locations or factory sites, joint venture matching, facilitating access to financial and technical assistance programs of the government and facilitating service connections with local utilities.

Major tourist attractions

• The Penafrancia Shrine Basilica in Minore (Naga City): the newest and biggest Catholic Basilica in the Bicol Region and is filled with devotees every September during her feast day.
• Magic Splash (Carolina): one of the most modern recreation centers in the province of Camarines Sur located at Siembre, Bombon, at the foot of Mount Isarog.
• Within the 17-hectare Provincial Capitol Complex (Cadlan, Pili) are a number of tourism facilities, such as an eco-park with cottages, adult and children's pools, Governor's Guest House, tennis court, ampitheater, mini-golf area and many others.