Gross Value Added in Major Industry Group
Economic Condition By Percentage
Investment Condition
Minimum Daily Wage P 170 (non-agricultural; $ 6.48 equivalent at currency rate
P 26.25: $ 1)
Banking Institutions 180 including branches, province-wide
Ports Batangas International Port, Batangas City Other Privately-
Owned Ports Existing
Main Arteries Southern Tagalog Access Road or STAR (also known as South
Luzon Expressway Extension, directly linking Metro Manila to the
Batangas International Port and due for completion early 1999)
Pres. Jose P. Laurel Highway connecting Metro Manila to
Batangas
Industrial Estates(On-Going) First Batangas Industrial Park, Inc. (Bauan) LIMA Technology
(On-going/Proposed) Park (Lipa City) RLC Special Economic Zone(Batangas City)
First Philippine Industrial Park, Inc. (Sto. Tomas) Rancho
Montana Economic Zone (Tanauan)
Power Supplied by National Power Corporation with the Manila Electric
Company and the Batangas Electric CooperativeI-II as main
power distributors
Water Provided by respective city/ municipal water districts/waterworks
Through pumps and waterworks systems tapping underground
source, rivers, springs and streams
Communication Telephone services (land-based and cellular), fax/telegraph
operations, door to door service, couriers cable television
stations, radio broadcast stations, newspapers and postal
service
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