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Masbate

Infrastructure facilities

• 1 secondary airport
• 1 provincial seaport
• 14 municipal seaports
• 1 wharf
• 1 telephone company
• 1 mobile phone company

Cost of doing business

• Power

Sector	Rate (in US$)
Residential
Minimum for 0-15 kwh	0.12
Commercial
Minimum for 0-20 kwh	0.12
Industrial	0.12
For excess per kwh
Residential	0.08
Commercial	0.08
Industrial	0.08

• Minimum Wage Rates
  
  

  Sector	Rates (in US$)
  Non-Agriculture	3.40
  Establishments
  Employing 11-15 workers	3.10
  Employing not more than 10 workers	2.70
  Cottage/Handicraft
  Employing 20 or more workers	2.90
  Employing less than 20 workers	2.70
  Agriculture
  Plantation	3.00
  Non-Plantation	2.60

 

Potential investment areas

• Agri-based (fish pond operation, prawn farm operation, fish processing, feed milling, blue crab culture, crab shell processing)
• Non Agri-based (water system, ship building, sea transport operation, fast craft operation)

Incentives

• Exemptions from Mayor's permit fee (full/partial), building permit fee, business sales tax and simplified business requirements.

Major tourist attractions

• Rodeo Filipino highlights the Masbate Livestock Week and features various sports activities such as grand rodeo parade, agro-livestock fair, individual and group competitions in bull riding, steer wrestling, carabao race and other traditional Filipino games.
• Pagdayao Festival/Masbate Livestock show and Horse Races and Trade Fair is held every June 10-15 in Masbate City.
• Dacu Beach is a favorite site for picnics during weekends.