ECONOMIC PROFILE

PRODUCED BYOFFICE OF THE GOVERNOR

BOHOL INVESTMENT PROMOTION CENTER

BOHOLECONOMIC PROFILE

P H I L I P P I N E S

Vision of the Province of Bohol

ATTY. ARTHUR C. YAP RENE L. RELAMPAGOSGovernor Vice-Governor

Bohol is a prime eco-cultural tourism destination and a strong, balanced agro-industrial province, with a well-educated, God-loving and law-abiding citizenry, proud of their cultural heritage, enjoying a state of well-being and committed to sound environment management.

Warm welcome to our island Province of Bohol!

Our development framework is anchored on these three- folding priorities: 1) Care for the weak, 2) Awakening of Boholano culture, and 3) Developing the local economy. The Provincial Government is carefully laying the foundations for sustainable development and global competitiveness, where Bohol becomes your island haven that offers quality of life for her people and for our visitors. We anticipate a growing interest in our diverse investment opportunities, at the same time, encourage the development of MSMEs to spur countryside economic activities for greater inclusive growth.

Bohol offers you an enabling environment for business, available talent and competitive cost of doing business. It leverages resources and invites opportunities for infrastructure and facilities development, and builds confidence through good governance to provide investors a better place for both business and leisure.

Come; behold Bohol!

MESSAGE

CHINA

MANILA

KOREAASIA

PHILIPPINES

JAPAN

AUSTRALIA

TAIWAN

CAGAYAN DE ORO

DAVAO

GENERAL SANTOS

LEGEND*

International Flights

Domestic FlightsBoat Trips

BOHOLCEBU

Siquijor

Bato, Leyte

Butuan City, Agusan Del Norte

Luzon

Visayas

Mindanao

Bohol-Panglao International Airport

Clarin Seaport

Tubigon Seaport

Getafe Seaport Talibon Seaport

Ubay Seaport

Tapal, Ubay Seaport

Loon Cruise Ship Port

Jagna Seaport Tagbilaran City Seaport

2019

BOHOL

PALAWAN

2

N

EW

S

Plaridel, Misamis Occ.

Dumaguete City

CATICLAN

Source: Philippine Statistics Authority (PSA)

Population 2010 2015 Growth (5 years)Bohol 1,255,128 1,313,560 4.65%

8.53%16.40%

105,05179,216

96,79268,051

Tagbilaran CityPanglao Island (Dauis and Panglao)

EXECUTIVE BRIEF DEMOGRAPHY POVERTY STATISTICS

Location 803 kilometers or 556 nautical miles South of Manila;Central Visayas

75 kilometers or 40.5 nautical miles from Cebu City

411,726 hectares (1,017,397 acres)310,455 hectares (767,151 acres)101,271 hectares (240,246 acres)

English, Cebuano, TagalogGenerally Fair

1 (Tagbilaran City)471,109

9 (Tagbilaran City Seaport, Loon Cruise Ship Port, Tubigon Seaport, Clarin Seaport, Getafe Seaport, Talibon Seaport, Ubay Seaport, Tapal-Ubay Seaport, Jagna Seaport)1 (Bohol-Panglao International Airport)

98.40%96.40%64.30% (higher than Cebu’s 63.5% and the national rate of 63.3%)

Land Area

Language/Dialects

Literacy Rate (2015)Employment Rate (2016)Labor Force Participation

Climate

DayNight

Average Temperature

CityMunicipalitiesBarangays

Agriculture, Tourism, Information Technology-Business Process Management (IT-BPM), Retail TradeIndustries

Seaports

Airport

4.5Average Household Size (2015)9.1% average; higher than the 6.7% national averageEconomic Growth Rate (2018)

Alienable and DisposableClassified Forests

25 C28 C

3

60%

50%

40%

30%

20%

10%

0%

Poverty Incidence among Families

50.20%

40.30%36.60%

25.00%

15.20%

20062000 2009 2015 2018

30.60%

2012


STEP 1 : Business Entity Registration

STEP 4 : Other Registration Requirements

STEP 5 : Apply for Incentives (Optional)

STEP 2 : Get Your Business Permit

AVAILABLE BUSINESS REGISTRATION AND INFORMATION SERVICES:

HOW TO DO BUSINESS IN BOHOL

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DTI NEGOSYO CENTERS PROVINCE-WIDELOCATION MAP

BUSINESS CONTACTS

NC PANGLAONC BOHOL NC LOON NC TUBIGONNC INABANGANC GETAFE NC TALIBONNC UBAY

+639776393618/+63507942351(+63-38) 411-0905, 235-6039+639178394147 +639178394131+639276806735+639063571734+639178016653+639178178219

NC GUINDULMANNC SAGBAYANNC CARMENNC JAGNANC DIMIAONC SEVILLANC LOBOCNC DTI BOHOL

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NEGOSYO CENTERS PROVINCE-WIDE:

Business AdvisoryBusiness Registration AssistanceBusiness Information and Advocacy

NEGOSYO CENTER BOHOL Services

+639302163250+639672814650+639178394150+639178394146+639062514306/+639108696021+639178394154+639178070420+639178394093/(038)501-8260

If Sole Proprietorship:Register with the Department of Trade and Industry

Register with the Securities and Exchange Commission If Partnership / Corporation:

If Cooperative:Register with the Cooperative Development Authority

Apply for business permit and license from the City / Municipality where the business is to be located.

STEP 3 : Register with the Bureau of Internal Revenue Register with the Bureau of Internal Revenue (BIR) Revenue District Office (RDO) where the business is to be located for Authority to Print Invoice and Book of Journal.

Register your business with the following o�ces to comply with existing regulations:

Register with the Philippine Health Insurance Corporation (PhilHealth)Register with the Pag-IBIG Home Development Mutual Fund

Register with the Social Security System (SSS)

Register with the Department of Labor and Employment (DOLE)

Register with the Department of Environmentand Natural Resources (DENR)

Investors, local or foreign, may apply for incentives from the following:

Provincial, City/Municipal Government

Board Of Investments (BOI)

Philippine Economic Zone Authority (PEZA)

Tourism Infrastructure and Enterprise Zone Authority (TIEZA)

BOHOL BUSINESS ONE-STOP SHOPBOHOL INVESTMENT PROMOTION CENTER -

BOHOL BUSINESS ONE-STOP SHOPPhone: 411-0905 Address: Old Capitol Building, C. Marapao St., Poblacion III, Tagbilaran City, Bohol

BOHOL INVESTMENT PROMOTION CENTERPhone: 411-0138 (Local:42012)Address: Provincial Capitol, Lino Chatto Drive, Cogon District, Tagbilaran City, Bohol

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Department of Trade and Industry (DTI)Business Name Registration

501-8828; 501-8260; 411-3302DTI:

Contact Details

SEC:[email protected]

(032) 253-5337; [email protected]

[email protected]

501-8455; [email protected]

DOLE Contact Numbers: (038) 501-0277; 411-0806

BIR Contact Details: (038) 412-3940; 501-8488; 422-8886; [email protected]

CDA Contact Details: (038) 501-0758; [email protected]

DENR Contact Numbers: 500-0675

Website: www.bohol.gov.ph

Website: www.boi.gov.ph

Website: www.tieza.gov.ph

Website: www.peza.gov.ph

412-0248; [email protected]

+639338108894; [email protected]; [email protected]

Information assistanceCorporate Online Name ReservationPre-online processing of application

Securities and Exchange Commission (SEC)

Food and Drug Administration (FDA)Information and advisory assistance

Social Security System (SSS)Information assistance

Information assistancePag-IBIG Home Development Mutual Fund

Philippine Health Insurance Corporation (PhilHealth)Information assistance

FDA:

SSS:

Pag-IBIG HDMF:

PhilHealth:

TOURISMECONOMIC PROFILE

5

8,000

10,000

6,000

2,000284 360 442

727502

8,445

7,019 7,018

4,954 4,785

2014 2015 2016 2017 20180

4,000Number of Accommodation Facilities

Rooms

Legend:

Source: Department of Tourism (DOT) & Bohol Tourism O�ce (BTO), 2020

ACCOMMODATION FACILITIES

INCREASING TOURIST ARRIVALS

FOREIGN TOURIST ARRIVALS, 2019

900,000

800,000

700,000

600,000

400,000

300,000

200,000

100,000

2018 20190

500,000

641,527

720,364

854,602 861,540

Foreign ArrivalsDomestic Arrivals

2017

443,477

687,588

2016

733,873

266,313

2015

215,269

386,988

2014

297,619

157,536

839

10,783

2019

6

1.29%

CHINA

JAPAN

USA

GERMANY

CANADA

KOREA

TAIWAN

FRANCE

HONGKONG

UNITED KINGDOM 1.21%

1.64%

1.65%

1.98%

4.15%

4.36%

4.48%

44.72% 322,140

117,265

32,281

31,391

29,895

14,236

11,896

11,805

9,264

8,752

16.28%

CARABAO

70,057 74,236 312,288 82,907 36,241 3,494,575

3,820,30637,46484,166325,69475,82572,314

2017

2018

CATTLE HOG GOAT DUCK CHICKEN

Top Livestock/Poultry(Inventory)

Top 5 Agricultural Crops


2017 2018Area

72,589.00 70,117.00

225,548.00238,728.00

(harvested/hectares)

(metric tons)Production

PALAY

12,423.00 11,983.00

11,216.0010,764.00

2017 2018Area



CORN

35,278.00 35,338.00

170,292.79163,033.84

2017 2018Area



COCONUT

2,361.03 2,362.70

33,923.4532,803.81

2017 2018Area



BANANA

2,791.00 2,791.00

9,292.759,609.18

2017 2018Area



MANGO

2018

AQUACULTURE

3,679.66 15,456.09 575.91 560.15 331.56 50,973.04

MARINE INLAND CRABS OYSTERS SEAWEEDS

(heads) (heads) (heads) (heads) (heads) (heads)

8

(metric tons) (metric tons) (metric tons) (metric tons) (metric tons) (metric tons)

ECONOMIC INDICATORS

9Allied Care Experts (ACE)Medical Center - BoholHoly Name University Medical Center Inc.

Tagbilaran Uptown I.T. Hub

Alta Citta Mall

Holy Name University

University of Bohol

Bohol Island State UniversityFabrication Laboratory (FABLAB)

MICRO, SMALL & MEDIUM ENTERPRISES (MSMEs)

Number of Banks

0 0.00

10.00

20.00

30.00

40.00

50.00

60.00

20

40

60

80

100

120

2015 2016 2017 2018 2019

85 88100 107 112

Total Bank Deposits (in Billion Pesos)

2015 2016 2017 2018 2019

32.8736.84

45.9850.93

56.23

Source: Bohol Bankers Association (BBA), 2020

ECONOMY/ BANKING INDUSTRY

ECONOMIC INDICATORS

Source: Bohol Investment Promotion Center (BIPC), Department of Trade and Industry-Bohol, 2020

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0

8,3198,740 11,850 11,962

12,569

17,960

12,597

7,520

16,000

18,000

2013 2014 2015 2016 2017 2018 2019 2020

EMPLOYMENT GENERATED FROM MSMEs

2,888 3,116 3,168 3,489 3,580

4,304

5,371

6,020

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2011 2012 2013 2014 2015 2016 2017 2018

8,554

6,554

2019 2020

ANNUAL BUSINESS NAME REGISTRATION

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INVESTMENTS GENERATED FROM MSMEs

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

792,438,771

1,639,288,000

1,082,491,006

959,620,275

1,051,339,517

1,037,798,444

1,439,505,115

1,515,963,073

2,170,802,750 2,258,576,573

1,533,640,819

2,500,000,000

1,500,000,000

500,000,000

0

2,000,000,000

1,000,000,000

2020

Source: Commission on Higher Education (CHED)- Regional Office VII, 2020

Source: Education Center - Provincial Government of Bohol, 2020

BOHOL CEBU NEGROS ORIENTAL SIQUIJOR

BOHOL CEBU NEGROS ORIENTAL SIQUIJOR

0

50,000

100,000

150,000

200,000

250,000

AY 2013-2014 AY 2014-2015 AY 2015-2016 AY 2016-2017 AY 2017-2018 AY 2018-2019 AY 2019-2020

189,590

37,465 40,1443,020

201,074

40,436 43,023

2,989

219,735

50,587 44,455

2,737

189,182

37,3002,191

152,387

33,328 32,078

169,434

18,21138,446

2,768

171,921

35,571

58,268

2,280

REGION 7 COMPARATIVE ENROLMENT OF HIGHER EDUCATION INSTITUTIONS

UNIVERSITIES AND COLLEGES IN BOHOL

REGION 7 COMPARATIVE GRADUATES OF HIGHER EDUCATION INSTITUTIONS

TALENT

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50,000

45,000

40,000

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0

5,654

31,095

6,344

348

6,445

30,450

6,160

322

7,340

39,932

7,028

123

8,823

38,627

421

7,711 7,597

33,527

52

6,044

10,022

461

45,222

AY 2013-2014 AY 2014-2015 AY 2015-2016 AY 2016-2017 AY 2017-2018 AY 2018-2019

15,348 15,787

560

48,804

AY 2019-2020

Number ofGraduates

StudentPopulation

Bohol College of Science and Technology - Loon

Bohol College of Science and Technology - Sagbayan

Bohol College of Science and Technology - PilarBohol Northwestern College - Catigbian

Bohol Northern Star Colleges - Ubay

Mater Dei College - Tubigon

Colegio de Getafe

Trinidad Municipal College

Talibon Polytechnic College

Buenavista Community College

Batuan Colleges, Inc.

Blessed Trinity College - Talibon

Tagbilaran City College

Holy Name University

University of Bohol

Bohol Island State University-Tagbilaran

Bohol Island State University-Bilar

Bohol Island State University-Clarin

Bohol Island State University-Calape

Bohol Island State University-Candijay

Bohol Island State University-Balilihan

Immaculate Heart of Mary Seminary

BIT-International College-Tagbilaran

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

15.

16.

17.

18.

19.

20.

22.

21.

23.

24.

25.

26.

27.

28.

29.

30.BIT-International College-Jagna

BIT-International College - Talibon

BIT-International College - Carmen

Bohol Wisdom College

Bohol International Learning College-Cortes

Cristal-e College - Panglao

Philippine Maritime Institute

Decreasing Crime Incidence

Source: Bohol Provincial Police Office (BPPO)

10,000

8,000

6,000

4,000

2,000

02015 2016 2017 2018 2019

9,218

7,8818,214

6,708 6,396

TaRSIER 117

TaRSIER 117

Quick Response through TaRSIER 117 Telephone and Radio System Integrated Emergency Response 117 (TaRSIER 117) was created through EO 7-A and launched on March 25, 2011 and was conferred the Gawad Bayanihan Award by the Armed Forces of the Philippines in the same year.

It is managed by the Provincial Disaster Risk Reduction and Management Office which deals with concerns on public safety and maintenance of peace and order, including the immediate provision of aid and assistance to victims of natural or man-made calamities.

TaRSIER 117 responders work round-the-clock, relaying emergency concerns to corresponding agencies. Actual response include fire emergencies, vehicular accidents and extrica-tion, search and rescue in both land and water and emergency medical dispatch.

PEACE AND SECURITY

The Provincial Government has launched several programs to help control and reduce crime in the province. It was declared insurgency-free by the AFP and PNP in 2010 and has remained to be so.

Ubay

Loon

Jagna Tagbilaran City

Dauis

Balilihan

Carmen

Command Center is located in Tagbilaran City and has six (6) substations throughout the province located in Ubay, Jagna, Carmen, Balilihan, Loon and Dauis.

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BUSINESSCost of Doing

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COST OF DOING BUSINESS

Water Consumption

Service Water Capacity

Water Production Rate

Peak Time

Lean Time15,598 cu.m/day

10,918 cu.m/day

22,410 cu.m/day

21,358 cu.m/day

Cubic Meter/Day

POW

ER R

ATES

WAT

ER R

ATES

WAG

E RA

TES

FARE

RAT

ESSE

A F

ARE

RAT

ES

CARG

O R

ATES

REN

TAL

RATE

S

Water Rates

98.00 Minimum Charge/month

12.50 per c.m.

15.30 per c.m.

24.00 per c.m.

31.40 per c.m.

35.40 per c.m.

PhP

0-10 cubic meter (c.m.)

11-20 c.m.

21-30 c.m.

31-40 c.m.

41-50 c.m.

51 c.m. & above

Source: Bohol Water Utilities Inc. (BWUI), 2020

Rental Rates (Within Tagbilaran City)

6,000

400

250

250

8,000

35,000

800

750

1,000

15,000

Low High

Residential/Apartments

Commercial Space (per sq.m.)

Office Space (per sq.m.)

In Shopping MallsCommercial/Office Space (per sq.m.)

Food Cart Space (5 sq.m unit)

Source: Bohol Investment Promotion Center Survey, 2020

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3 Bohol Power GenerationCompanies (As of August 2020)

9.35 9.59

7.63

8.35

8.44

9.52

Residential Commercial

Bohol Light Company Inc.

BOHECO 1

BOHECO 2

2020 Average Power Demand(MW) in Bohol

87.6

52.32

Peak Demand

Lean Demand

Residential CommercialCompared to Other Regions(August 2020)

10.97 11.63

8.49 8.49

VECO (Cebu)

MERALCO (Luzon)

Source: Bohol Light Company Inc., BOHECO I & II, Visayas Electric Company, MERALCO, 2020

Fare Rates (in PhP) Minimum Per succeeding kilometer

Taxi 40.00 13.50

1.00

2.00

10.00

10.00

Jeepney/Bus

TricycleSource: Land Transportation Franchising and Regulatory Board (LTFRB), 2020

Source: Philippine Ports Authority, 2020

Tagbilaran (Bohol)-Cebu-Tagbilaran fare Rates (in PhP)

Tubigon(Bohol)-Cebu-Tubigon Fare Rates (in PhP)

Jagna (Bohol)-Cagayan de Oro-Jagna Fare Rates (in PhP)

Ubay (Bohol)-Bato (Leyte)-Ubay Fare Rates (in PhP)

Talibon (Bohol)-Cebu-Talibon Fare Rates (in PhP)

Maximum PassengerCapacity Per Vessel

Lite Shipping

Lite Shipping

Lite Shipping

Regular/Economy

Shipping Logistics Cost

Regular/Economy

Regular/Economy

Regular/Economy

Economy

Economy

Economy

Economy

Business

Business

Business

Tourist

Tourist

Economy

Regular Aircon Bunks

Tourist

EconomyPremium

RoomPrivate

275.00500 seats

357 seats

450 seats

643 seats

1,589 seats

432 seats

686 seats

190 seats

198 seats

277 seats

(6 vessels)

(2 vessels)

700.00

290.00

275.00

734.00

700.00

310.00

320.00 350.00--

--

350.00

200.00 280.00300.00

345.00

325.00 360.00

802.00 947.00 2,744.00

1,000.00Ocean Jet

Trans Asia

Fast Cat

Cokaliong

MedallionTransport

NNO ShippingLines

VG Shipping


Class A 884.40

750.20

640.00

880-1,070

231.60 686.91

263.24 794.01

328.05 936.05 -

-

-

-

-

-- - -

- - -

1,000 300

300

300

800

600

1,050-

3,300- 2,625-4,260 6,120 1,939- 1,500- 1,620-

4,230-4,000

5,000

6,000

8,0006,000-

5,5005,280-

3,0003,775

870- 660-1,0001,450

7,0207,550-

12,00210,775-13,020

15,000- 10,10318,000

12,0006,090

7,600

6,880-10,260

13,680-15,190

9,020

6,240

903 311 300

per m.t.

per m.t.

per m.t.

Loose Cargo (per cubic meter)

Cargo Freight Rates by Sea in PhP (2019)

Vehicles (per unit)

Class B

Class C

2-Wheels

4-Wheels

6-Wheels

10-Wheels

Heavy Equipments

Container Vans/ Trailer Vans

Tubigon-Cebu

Talibon-Cebu

Loon-Cebu

Jagna-CDO

Ubay-Leyte

Tagbilaran-Cebu

Minimum Wage (in PhP) Agricultural Non-AgriculturalBohol 361.00 366.00

404.00

537.00

394.00

500.00

CebuMetro Manila

Source: Department of Labor and Employment (DOLE), 2020

ACCESSIBILITY

15International Cruise Ship M/S Europa made port call at Tagbilaran City Port, 2019International Cruise Ship M/S Europa made port call at Tagbilaran City Port, 2019

Bohol-Panglao International Airport

Philippine Ports Authority - Tagbilaran City

AIR TRAFFIC

Incoming & Outgoing FlightsDomestic

2018

8,937 1,078 12,010

28,312

214

1,305,8221,013,847 114,217

2019International Domestic International

Incoming & Outgoing Passengers

Number of Flights Weekly (2019)

Destinations(2019)

Seats Available Weekly (2019)240

Domestic

International

Manila, Clark, Davao, Cagayan De Oro, Cebu,

Seoul, South KoreaPalawan, General Santos, Caticlan, Kalibo

25,000

Source: Civil Aviation Authority of the Philippines (CAAP), 2020


Inbound Outbound Inbound Outbound

20192018SEAPORT ACTIVITIES

Shipcalls

Cargo

RoRoContainer

Passenger Traffic

(in metric tons)

(in millions)

(in TEU)

6.65 7.00

37,04932,685

2,480,757 3,232,526 2,505,592 2,687,033

19,117 19,057 19,591 19,415

84,946 116,19595,41365,944

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Provincial Roads Development Classification CY 2019Total Length = 8,240.6 linear meters

Bohol Roads DisaggregatedTotal Length = 6,146.42 kms.

Barangay 65%

National 11%

Provincial 36.6%

Municipal 5%

Private 0.3%

FMR 2%

City 1.5%

NIA Access 0.7%

Gravel49%

Earth17% Concrete

31%

Asphalt 3%

Vehicle Registration140,000120,000100,000

80,00060,00040,00020,000

increase of 20% (ave.) for the last 2 years

0

73,644 84,28792,161

138,124

20172015 2016 2018

123,353

2019

Source: Land Transportation Office (LTO), 2020TOTAL = 123,353

Motorcycles 75,845

Tricycles 8,553

Cars/Vans 4,073 UV/SUV

25,134 Buses/Trucks 9,129

Trailers 619

Vehicle Registration

3,284,237 4,061,6683,642,498 4,034,8302,334,9771,440,783853,546 907,186

Inbound (kg)Cargo Statistics

Outbound (kg)

2016 2017 2018 2019

Port FacilityBerth Storage

AverageRoRo Area

Port LandArea

DailyPassenger

VesselTerminal

SeatingCapacity

TerminalMaximum

TrafficAreaLength

(linear m.) (sq.m.) (sq.m.) (sq.m.)(sq.m.)Area

Tagbilaran City 949.30 887.20 30 354

497

140

416

20

20

15 50

15

10

5

25

13,354.00 4,265.12

1,650.00

1,049.36

250.00

625.00

210.00

61,757.45

13,309.00

37,452.24

4,808.00

8,037.09

9,782.91

15,737.22

37.251.00

11,506.92

13,636.01

1,589.33

2,950.58

1,464.50

3,799.44

2,581.75

720.00

683.00

127.14

537.30

216.00

99.00

99.00

207.00

337.50

270.00

150.15

470.90

113.00

508.69

384.33

186.00

46.50

- - - -

-

-

-

-

-

Loon

Tubigon

Clarin

Getafe Talibon

Ubay

Jagna Tapal, Ubay

Number of Trips Weekly

Destinations

681 trips

Cebu City; Argao, Cebu; Dumaguete City; Plaridel, Misamis Occidental; Siquijor; Cagayan de Oro City; Camiguin, Misamis Oriental; Butuan, Agusan Del Norte; Bato, Leyte; Pres. Carlos P. Garcia Island, Bohol

Provincial Capitol, Lino Chatto Drive, Cogon District, Tagbilaran City, Bohol, 6300

Contact Number: 411-0138 (Local: 42012)

Email: [email protected]: https://boholinvest.bohol.gov.ph

BOHOL INVESTMENT PROMOTION CENTEROFFICE OF THE GOVERNOR

ECONOMIC PROFILE

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