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Investment Areas  

Cebu - Bohol - Camiguin

Location/Positioning

Cebu is 365 miles south of Manila and can be reached in an hour through air travel, it is in the east of Negros Oriental, southwest of Leyte and northwest of Bohol. Strategically located at the heart of the Visayas, it serves as the jump-off points to satellite destinations in the Visayas-Leyte, Samar, Dumaguete and Siquijor and Mindanao islands - Cagayan de Oro, Camiguin and Surigao del Norte. It is positioned as a resort and convention destination.

Bohol is a land of wondrous geological formations, lush forests alive with rare species of flora and fauna, and idyllic seaside towns wit Castillan houses that cluster around centuries -old churches. Bohol is northwest of Camiguin and southeast of Cebu. It is positioned as a eco-cultural tourist destination.

Camiguin is a tiny pearl-shaped volcanic outcrop off the north coast of Mindanao. It is an ideal destination for trekkers in search of adventure and romantic yearning for a quiet corner. It can be toured form tip to tip by land transport in two hours. Mambajao, the capital, makes a good way station to such attractions as seven volcanoes, waterfalls, springs, and white sand beaches. It is positioned as the eco-agri site of the region.

 

Getting to And Around

Cebu

By Air
Four airlines (Philippine Airlines, Air Philippines, Cebu Pacific and Asian Spirit) service Cebu daily. Aside from these four, SEAIR also serves the domestic market.

By Sea
More than 40 ships ply the Cebu route form various points in the Philippines including Leyte, Cagayan de Oro, Dapitan, Davao, General Santos and others. These vessels include the WG&A Superferry, Sulpicio Lines and SuperCat.

By Land
Jeepneys, public utility vehicles and taxis are the main mode of transport within the city.

Bohol

By Air
Philippine Airlines and Cebu Pacific serve the direct route form Manila daily.

By Sea
There are 17 commercial vessels the service passengers from Bohol to Cebu, and Bohol to Manila via Cebu. These include the Supercat Fast Ferries, and Negros Navigation lines. Some of the vessels have a daily schedule while others ply their routes three to five times a week. Other destinations include Cagayan de Oro.

By Land
Jeepney, tricycles and taxis are the main mode of transportation within the city.

Camiguin

By Air
SeaAir flies passengers to Manila and back via Cebu.

By Sea
Ferries are available from Balingoan in Misamis Oriental.

By Land
Jeepneys and tricycles are the maid mode of transportation.

 

Tourist Attractions

Cebu

Monuments/Sites & Attractions

  • Magellan's Marker/Shrine
  • Lapulapu Monument
  • Magellan 's Cross
  • Fort San Pedro
  • Colon St.
  • Image of the Santo Niño
  • Basilica Minore del Santo Niño
  • Taoist Temple
  • Sinulog Festival
  • Kawasan Falls
  • Olango Wildlife Sanctuary
  • Cebu's beaches
  • Heritage of Cebu Monument
  • University of San Carlos
  • Tops
  • Fuente Osmeña Park
  • Cebu Metropolitan Cathedral
  • Plaza Hamabar
  • Colon Street Obelisk
  • Mantawi Festival
  • Malapascua Island
  • Bantayan Island
  • The Capitol Building
  • Chapel of the Last Supper
  • Liloan Lighthouse
  • Kadaugan sa Mactan Festival
  • Pascador Island
  • Carcar Ancestral Houses

Museums & Galleries

  • Santo Niño Museum
  • Cebu Normal University Museum
  • Julian Junalon's Butterfly Sanctuary/Wild Pigeons Aviary & Art Gallery
  • University of San Carlos Museum
  • Casa Gorordo Museums & Art Gallery
  • National Museum - Fort San Pedro
  • Sala Mniature Piano Museum
  • University of San Carlos Biological Museum
  • Balay na Tisa Museum
  • Argao Church Museum
  • Sergio Osmeña Memorabilia & Art Gallery
  • University of Southern Philippines Museum
  • St. Theresa's College Museum
  • Lapulapu City Science Museum
  • Southwestern University Museum & Art Gallery
  • Boljoon Church Museum
  • Shambala Museum
  • Quijano Museum

Bohol

Monuments/Sites & Attractions

  • Chocolate Hills
  • Loboc River
  • Blood Compact Monument
  • Baclayon Church
  • Panglao Beaches
  • Pamilican & Balicasag Islands
  • Sandugo Festival
  • Bolibongkingking Festival
  • Cambuhat Village & Oyster Farms
  • Historic Ermita Ruins
  • Punta Cruz Watchtower
  • Philippines Tarsier & Wildlife Sanctuary
  • Ubay Agri-Park
  • Banacon Mangrove Forest
  • Rajah Sikatuna Protected Landscape
  • Clarin Ancestral House
  • Mag-aso Falls
  • Inambacan Falls

Museums & Galleries

  • Bohol Museums
  • Baclayon Museums
  • Loboc Kapanulundanan Museum of Living Traditions

Camiguin

  • Sto. Niño Cold Spring
  • Tangub Hot Spring
  • Mount Hibok-Hibok
  • White Island
  • Cabua-an Beach
  • Agohay Beach
  • Ardent Hot Spring
  • Katibawasan Falls
  • Guiob Church Ruins
  • Cross marker (Sunken Cemetery)
  • Walkway
  • Benoni Lagoon
  • Mantique Island
  • Lanzones Festival
  • Tuasan Falls

 

Tourist Statistics

Visitor Arrivals

2000
2001
2002
2003
2004
Cebu
823,498
817,373
836,371
887,115
1,012,137
Bohol
68,336
81,040
90,403
128,899
161,661
Camiguin
192,062
175,161
209,774
244,277
253,313


Occupancy Rate %

2000
2001
2002
2003
2004
Cebu
46.45
49.84
56.82
59.46
69.98
Bohol
34.80
39.22
37.86
45.32
n/a
Camiguin
60.00
62.90
64.02
65.80
66.11


Present Capacities, 2004

Rooms
Transport Seat
Cebu
4,806
1,602
Bohol
3,004
1,675
Camiguin
503
n/a

 

Required Infrastructure Facilities

Cebu

  • Roll-On Roll-Off (RORO) link from Cebu City to Tubigon, Bohol and Cebu to Dumaguete City, Negros Oriental
  • RORO link between Cebu and Bohol through Cordovo, Mactan Island to Jetafe, Bohol
  • Trans Central Highway

Bohol

  • RORO link from Jagna, Bohol to Mambajao, Camiguin

Camiguin

  • Bohol (Jagna) Mambajao RORO
  • Resorts rehabilitation/improvement
  • Inland transportation service

 

Local Incentives

Cebu

  • Income tax holiday for 4-6 years
  • Minimum Duty (3% + 10% VAT)
  • Duty free importation of raw materials
  • Bonded Warehousing System
  • Tax Credit Scheme
  • Exemption from Wharfage Fees

Bohol

  • Fiscal Incentives
    • Income tax holiday of 4-6 year
    • Tax credits
    • Additional deductions from taxable income
    • Tax credit of 10% of total cost of infrastructure to be deducted from the future real property tax liability of the registered enterprise within a period of five years starting from the date of the expiration of the tax exemption of the registered enterprise; provided that said infrastructure shall be open to public use.
    • Exemption from the real property tax imposed under the Provincial Code of Bohol for a period of seven (7) years from the date of registration approved by the Bohol Investment Board or from the date of the expiration of the registered enterprise's tax exemption, whichever is applicable.

  • Non Fiscal Incentives
    • Provision of a one-stop documentation center for simplified documentation procedures
    • Consistent support for industrial peace
    • Assistance in securing direct source of electric power and water supply connection
    • Assistance in the negotiation of special rates for industries with a minimum load of at least 1000 kilowatts
    • Assistance in site selection and negotiation for right of way
    • Assistance in labor recruitment and arbitration

     

Camiguin

  • Fiscal Incentives
    • Exemption from Local Licenses, Fees, and Dues - within three years from the start of commercial operation, a registered enterprise under this Ordinance shall be fully exempt from the Mayor's permit fees, building permit fees and other kinds of local licenses, fees, dues, imposed except for regulatory fees such as: Health Certificate Fee, Sanitary Permit, Garbage Fee, Oath/Attorney's Fee, Fire Inspection Fee, Tax on Billboard, Tax on Delivery Van, Tax on Weight and Measures.
    • Exemption from Real Property Tax
    • For a period of not less than four years starting from the date of approval of their application, registered enterprises shall be entitled to the following reductions/exemptions in business tax from the gross sales or receipts earned or realized during the preceding calendar years:

      2nd Year - 30% of gross sales/receipts
      3rd Year - 20% of gross sales/receipts
      4th Year - 10 % of gross sales/receipts
      5th Year - Taxable in full

  • Non-Fiscal Incentives
    • One-Stop Action Center for Investments
    • One-Stop Facilitation for Local Permits
    • Manpower Training Program
  •  

Tourism Development Directions

Cebu

Private sector-driven coordination for planning to make Cebu as a Tourism Hub in Visayas-Mindanao. Partnership among industry players, LGU and government shall be forged to improve tourism products and services, support infrastructure particularly intermodal transport, telecommunications facilities, water and energy.

Bohol

  • Promotion of Central Visayas Inter-Provincial Tourism and Travel Loop
  • Establishment and Promotion of Tourism Travel Trade itinerary across tourist destinations in Bohol, Cebu, Negros Oriental and Siquijor.

Camiguin

Concepts of mountain highway, thematic and site development to establish the island as destination for environmental awareness, leisure and adventure experience.


 
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