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Catanduanes

Location and boundaries

• Catanduanes is bounded by Maqueda Channel on the West, Lagonoy gulf on the South, Philippine Sea on the North and East.

Infrastructure facilities

• 1 secondary airport
• 2 national ports
• 5 municipal ports
• 1 local exchange carriers
• 2 mobile phone companies
• 1 facsimile station
• 4 cable TV stations
• 13 telegraph stations
• 3 radio stations
• Proposed Industrial Estates/Ecozones: Provincial Industrial Center (PIC)

Cost of doing business

• Power
  • Residential: US$0.98 minimum for 0-10 kwh, additional $0.155 per excess kwh
  • Commercial: $0.99 minimum for 0-15 kwh, addtional $0.31 per excess kwh
• Water
  • Residential: $1.20 minimum
  • Commercial: $2.40 minimum
• Minimum wage rates
  • Non-agricultural: $3.40
  • Agricultural: $3.00

Potential investment areas

• Agri-industrial ventures
  • abaca fiber and derivatives
  • lasa production and processing
• Support services

Incentives

Incentives to Registered Enterprises:

• Exemption from the payment of building permit fees and other fees and charges, mayor's permit fees, business sales taxes, fees and charges within 3 years from the start of commercial operations.
• Exemption the basic real property tax accruing to the general fund, imposed under the Tax Code of Virac for a period of 2 years from the date of approval by the Municipal Investment Incentive Board.

Major tourist attractions

• Putting Baybay Beach Resort (Puraran, Baras): the site of surfboard surfing and is internationally known as "Majestic".
• Batag Beach Resort (Batag)
• St. John the Baptist Catholic Church (Bato): one of the earliest Churches built by the Spaniards at the mouth of a wide river and is seen from the other side of the river.