| |
|
COST OF DOING BUSINESS IN CEBU (BOI format) 2002
Minimum Daily Wages: |
|
CATEGORY
|
WAGE
RATE (US$)
|
| I. General |
|
| A.
Non-Agricultural |
3.70
|
| B.
Agricultural |
3.40
|
| Plantation |
3.35
|
| Non-Plantation |
3.35
|
| C.
Cottage/Handicraft |
3.86
|
| D.
Private Hospitals |
3.96
|
| E.
Retail Service |
|
| -
Employing 10 workers or less |
3.84
|
| -
Employing more than 10 workers |
3.87
|
| II. For
Business Enterprises with Capitalization of not more than
P 500,000 and employing not more than 20 workers |
|
| A.
Non-Agricultural |
4.00
|
| B.
Agricultural |
|
| Plantation |
3.35
|
| Non-Plantation |
3.35
|
| C.
Cottage/Handicraft |
4.00
|
| E.
Retail Service |
|
| -
Employing 10 workers or less |
|
| -
Employing more than 10 workers |
|
|
Real Estate:
| |
US$
|
| Residential
Lease Rates: (rental/mo.) |
|
| Condominium |
399.84-799.68
|
| Executive
House |
499.80-999.60
|
|
Commercial & Industrial Lease Rates: (rental/sq.m.) |
|
| Industrial
Park Land Lease (per sq.m/mo.) |
0.36-0.38
|
| Industrial
Factory Lease (per sq.m/mo.) |
2.66-3.20
|
| Office
Rental (ave. price per sq.m/mo.) |
3.92-7.35
|
| Rental
within Cebu Business Park |
8.40
|
| Rental
in Uptown Area |
4.60
|
| Rental
in Downtown Area |
0.035
|
| Rental
in Mandaue Area |
6.00
|
| Rental
in North Reclamation Area |
6.20
|
Transportation:
Airline
Cargo Rates:
|
Air
Freight Service
|
US$
|
Tokyo,
Osaka & Nagoya
100 kg.
300 kg.
500 kg.
1000 kg. |
1.60-1.72
1.52-1.56
1.48-2.32
1.44-1.48
|
Hongkong
- minimum
100 kg.
500 kg.
1000 kg. |
0.88-1.12
0.64-0.62
0.76-0.80
|
| To
Rotterdam |
780-800
|
| To
Japan |
640-820
|
| To
Taiwan |
480-600
|
| To
Singapore |
300-360
|
Boat
Cargo Rates:
|
Shipping
Service
|
US$
|
| To
US East Coast |
1,440-1,880
|
| To
US West Coast |
1,120-1,600
|
| To
Rotterdam |
780-800
|
| To
Japan |
640-820
|
| To
Taiwan |
480-600
|
| To
Singapore |
300-360
|
Communication:
Telephone
Rates
|
Telecommunications
|
US$
|
| Installation
Costs |
|
| -
Residential |
37.25-49.76
|
| -
Commercial |
69-80
|
| Monthly
Charges |
|
| -
Residential |
12.74-15.68
|
| -
Commercial |
15.68-19.60
|
| International
Call (per minute) |
|
| USA* |
1.8
|
| Japan* |
1.4
|
| Singapore* |
1.36
|
| Hongkong* |
1.4
|
| Taiwan* |
1.4
|
| Germany* |
2
|
*Per
minute PLDT rates only
Utilities:
Power
Rates (per Kwhr)
|
Residential
|
Commercial
|
Industrial
|
|
5.20
|
5.46
|
2.5-4.00
|
Water
Rates (per cu.m.)
|
Residential
|
Commercial
|
Industrial
|
11-20
cu.m P 11.97
21-30 cu.m P 14.07
31 & above P 38.61 |
1-3
in. P 345-P 3,928
4-6 in. P 7,986-P 11, 762
|
33.50
|
*For
Commercial/Business: Dependent on meter size
Accommodations:
|
Accommodations
|
Rate
(US$)
|
| De
Luxe/Resort |
170-230++
|
| Economy
Class Hotel/Resort |
110-135++
|
| Tourist
Inn |
10-20
|
| Standard
Class |
45-155++
|
| Economy
Class |
10-30++
|
| Apartelle |
14-18
|
| Pension
House |
6-18
|
Beach
Resort:
Class AAA
Class AA
Class A |
100-270
80-195
14-90
|
Data Sources:
Cebu Investment Promotions Center, DOLE-7/RTWPB, Cebu Holdings Inc.,
DOT-7, DTI-Cebu Databank
|
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