Are you having problem how your textmate look like? hehehe :-) LOL. We discussed in this article the right way for guys and the safe way for girls how to attend an eyeball. also discussed are the do's and dont's of an eyeball meeting. (sino magbabayad ng restaurant bill? hehehe?)Read More

Misamis Oriental

Location and boundaries

• The province is bounded on the north by Mcajalar Bay, Iligan Bay in the west, Agusan del Norte in the east, Bukidnon in the south and Lanao del Norte in the southwest.
• Misamis Oriental is characteristically rugged where mountains and hills occupy approximately seventy percent (70%) of total land area. The highlands are punctuated by mountain ranges, coastal plains, valleys and is traversed by rivers of various forms and sizes that provide adequate underground water supply throughout the area.
• On the eastern portion of the province are two (2) inactive volcanic cones -- Mount Balatucan (is the highest peak at 2,560 meters) and Mount Lumot.

Infrastructure facilities

• Telecommunication
  • Services provided by 5 telephone companies (Extelcom, Globe Telecom, Islacom, Mobiline and Smart Communications).

• Economic zones
  • Phividec Industrial Estate
  • First Cagayan de Oro Business Park
  • Alwana Business Park

Cost of doing business

• Minimum daily wage
  • Non - Agriculture: US$4.44
  • Agriculture: $4.24

Potential investment areas

• Trade & infrastructure services
  • Industrial support facilities
  • Food processing
  • Agriculture
  • Food and forestry
  • Tourism
  • Infrastructure
  • Social services
  • Export trading
  • Research & development
• Environmental & ecological support facilities

Incentives

Fiscal

• Exemption from local licenses, fees, dues - within 3 years from start of commercial operation, registered enterprises shall be fully exempt from the following:
  • Mayor's Permit Fees
  • Building Permit Fees
  • Other local licenses/dues except regulatory fees such as Business Manager's Fees, Health Certificate Fee, Sanitary Permit Fee, Oath Fee, Garbage Fee, Fire Inspection Fee, Tax on Billboard, Tax on Delivery Van and Tax on Weights Measures
• Exemption from Real Property Tax - full exemption from payment of property tax for a period of 3 years on equipment/devices & other investment for pollution control and environmental protection & fire protection equipment. Exemption from payment for the first 5 years of operation of lands classified whether commercial/residential used exclusively for parking purposes.
• Lots actually used as road provided that it shall be opened to the general public
• Commercial buildings and improvements - for registered enterprises owning & having legal interest of newly-constructed commercial buildings or structures starting upon occupancy/completion of building (whichever comes first with market values falling under the following categories:

  50 Million & above
  1st & 3rd year		Free
  4th year		75%
  5th year		50%
  6th year		25%
  7th year		Full
  30 Million but less than 50 Million
  1st & 3rd year		Free
  4th year		75%
  5th year		50%
  6th year		25%
  7th year		Full
  10 Million but less than 30 Million
  1st & 3rd year		Free
  4th year		75%
  5th year		50%
  6th year		25%
  7th year		Full

• Reduction/exemption in business from gross sales receipts earned/realized during the calendar year for a period of not more than 4 years starting from date of approval (1st year-50% of gross sales/2nd year-30% of gross sales/3rd year-20% of gross sales/4th year-10% of gross sales/5th year-taxable in full)

Non-fiscal

• Creation of one-stop investment action center
• one-stop processing for local permits
• manpower training program

Major tourist attractions

• White water rafting
• Macahambus Hill cave and gorge
• Garden Malasag eco-tourism village
• Malasag Nature tril
• Mantangale Alibuag Dive Resort
• Malasag Canopy walk