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Cost of doing business

Current wages, utility rates, rentals, transport, trucking, and tax rates for businesses in Panabo.

Minimum daily wage

Sector / IndustryDaily Wage (₱)
Non-Agriculture510.00
Agriculture505.00
Retail / Service (10 employees or fewer)510.00

Telecommunications – PLDT-Philcom

PLDT-Philcom

Data service ratesSpeedMonthly rate (₱)
Fiber with Landline100 Mbps2,490.00

Telecommunications – Globe

Data service ratesSpeedMonthly rate (₱)
Fiber Biz Plus50 Mbps1,599.00
Fiber Biz Plus100 Mbps2,099.00
Fiber Biz Plus200 Mbps2,499.00
Fiber Biz Plus500 Mbps3,499.00
Fiber Biz Plus1 Gbps8,499.00

Telecommunications – DCTech

Data service ratesSpeedMonthly rate (₱)
Fiber Biz Plus100 Mbps1,999.00
Fiber Biz Plus200 Mbps2,499.00
Fiber Biz Plus400 Mbps3,999.00
Fiber Biz Plus600 Mbps5,999.00
Fiber Biz Plus800 Mbps11,999.00

Power rates

Customer typePeso/kWh (₱)
Residential9.3890
Commercial9.5914
Small Industrial9.6941
Big Industrial8.3817
69kV-B7.4956
Streetlight9.0781

Water rates – installation fee

ConnectionInstallation fee (₱)
1/2 Residential2,500.00
3/4 Commercial4,000.00
2″ Industrial63,800.00

Water rates – residential and commercial

Category0–10 cu. m.11–2021–3031–4041-up
Residential219.6222.1523.2826.3929.66
Commercial439.2344.3046.5652.7759.33

Water rates – industrial

Industrial meter sizeMinimum charge 0–10 cu. m.11–2021–3031–4041-up
Industrial 20 mm (3/4″)787.0849.6152.1459.1066.44
Industrial 25 mm (1″)1,574.1549.6152.1459.1066.44
Industrial 50 mm (2″)9,838.7749.6152.1459.1066.44
Industrial 100 mm (4″)35,419.5949.6152.1459.1066.44

Commodity charge is in ₱ per cu. m.

Commercial space rentals (average per sq.m., in pesos)

TypeHigh (₱)Low (₱)
Office Space500.00250.00
Mall Stall750.00650.00
Market Stall6.946.03

Land value for urban lots (per sq.m., in pesos)

TypeHigh (₱)Low (₱)
Residential6,925.00700.00
Commercial10,837.50875.00
Industrial7,575.00862.00

Accommodation rates

TypeHigh (₱)Low (₱)
Standard2,000.001,690.00
Deluxe3,800.001,500.00
Dormitory1,600.001,500.00

Transportation cost – tricycle fare

Tricycle fareRegular (₱)Student / Senior / PWD (₱)
First 3 km15.0013.00
Succeeding km2.002.00

Transportation cost – van and bus

ModePanabo to Davao (₱)Panabo to Tagum (₱)
Van80.0050.00
Bus (Air-conditioned)87.0060.00
Bus (Non-Air-conditioned)70.0050.00

Trucking rates – box fruit hauling

Box fruit haulingRate (₱)
Far (GSC, Makilala)51.66 / km
Intermediate (Kapalong, Licanan, Malagos)52.14 / km
Near (Panabo Area)53.10 / km
Davao / CDO Hauling61.02 / km

Trucking rates – hustling miscellaneous

Hustling miscellaneousRate (₱)
Far (GSC, Makilala)44.976 / km
Intermediate (Kapalong, Licanan, Malagos)45.456 / km
Near (Panabo Area)46.416 / km
Davao / CDO Hauling54.716 / km
Panabo Wharf / DICT835.716 / Trip

Trucking rates – hustling

HustlingRate (₱)
AJMR (Buhisan) / Tefasco or Sasa Wharf5.28 / km
Panabo Wharf / DICT838.596 / Trip

Tax rates and mandatory contributions (₱)

Tax / Mandatory contributionStatutory rate
Local taxes
Business Tax0.05% of the asset size
Real Property Tax2% of assessed property value
National taxes
Corporate Income Tax25% of taxable profit
Community Tax Certificate₱10,500.00
Value Added Tax (VAT)12% of value added
Tax on Interest20% of interest
Employer contributions
Social Security Contribution (Employer Share)10%
PhilHealth Contribution (Employer Share)5%
Housing Development Fund (Pag-IBIG) (Employer Share)2%
Cost of Doing Business | Panabo (unofficial RE:GOV concept) · RE:GOV