Why Invest in Palawan?


The investment opportunities in Palawan are numerous, as outlined earlier, and here are some of the incentives for doing so:

Space.

Palawan has the space necessary for wide-area projects such as plantations and farms. For corporate agribusiness, there are vast tracts of idle private lands which may be leased long-term. Alternatively, public land stewardship programs are also open to private concessionaires including establishment of industrial tree plantations.

Peace and order..

In the whole of MIMAROPA Palawan runs second only to Marinduque in terms of peace and order, and Marinduque has six towns only clustered in a small island.

Educated population..

With three universities in the province, Palawan is able to produce learned individuals at par with those of other, more progressive provinces. Passing rates in professional board examinations are comparable to the national average, so there should be no problem in accessing local human resources for virtually any project.

Communications..

The communications services given by the three (3) major carriers are comparable to those present elsewhere in the country, including the WCDMA (Wideband Code Division Multiplexing Access), GSM (Global Systems for Mobile Communications), HSDPA (High-Speed Downlink Packet Access) and Broadband Internet including wireless connections and DSL (Digital Subscriber Line). The GPRS (General Packet Radio Service) system, however, may be the only one available in less accessible communities, but this can also access the Internet, but slower. Much depend on the gadget being used to access the Internet, plus the location.

Financing..

There are about twenty-two banking companies operating in Palawan, ranging from commercial banks to savings banks, only two being locally based. They can service practically all banking needs for industrial, commercial or development ventures. Government support. The provincial government is keen on helping private investments to enter Palawan. Beyond the incentives and tax holidays granted by the national government, the province is willing to provide ancillary services and information needed for due diligence of start-up projects.

Climate..

The province is typhoon-free most of the year and for many years, has adequate rainfall, and is unpolluted.

In other words, the private sector can propose, and the government will find reasons not to oppose.

The provincial government is today concentrating its development and poverty alleviation efforts in five (5) areas: infrastructure, health, education, livelihood, and protection of the environment. It aims at focusing investments - public and private, in these spheres as the main avenues of progress balanced between people welfare and substantive physical development.

Procurement Section