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Province of South Cotabato

Cost of Doing Business

South cotabato

Understand what are the cost of starting a business in the Province of South Cotabato and what factors affects the costs. Learn what are the minimum daily wage rates, zonal value, power rates and cost of rent.

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Minimum Daily Wage Rates Region XII, SOCCSKSARGEN

  • A/ Per Wage Order No. RB XII-22 b/ (Effective: 09 June 2022)

Sectors/Industry

Current Minimum Wage Rate

Basic Wage Increase Upon Effectivity

New Minimum Wage Rates

2nd Tranche of Basic Wage Increase
Effective September 1, 2022

New Minimum Wage Rates

Non-Agriculture

₱336.00

₱16.00

₱352.00

₱16.00

₱368.00

Agriculture/Service/Retail Establishments

₱315.00

₱16.00

₱331.00

₱16.00

₱347.00

  • A/ Covers the Cities of General Santos, Kidapawan, Koronadal and Tacurong, Provinces of North Cotabato (except the 63 barangays that are now part of the BARMM), Sarangani, South Cotabato, and Sultan Kudarat.
  • B/ Grants ₱32.00 per day basic wage increase upon effectivity of all tranches:
  • First Tranche: upon effectivity of wage order
  • Second Tranche: September 01, 2022

*Source: Department of Labor and Employment National Wages and Productivity Commission Region X12, Wages Order No. RB XII-22

Zonal Value

(4th revision Zonal Value per sq.m. )

  • Component City (Koronadal)

CLASSIFICATION

HIGHEST

LOWEST

Residential

9,250.00

307.00

Commercial

14,920.00

732.00

Industrial

2,883.00

732.00

Institutional

10,796.00

290.00

Agricultural

2,734.00

20.00

  • 1st to 2nd Class Municipalities (Banga, Lake Sebu, Polomolok, Surallah, Tupi, T’boli)

CLASSIFICATION

HIGHEST

LOWEST

Residential

4,450.00

150.00

Commercial

8,750.00

386.00

Industrial

6,031.00

445.00

Institutional

7,318.00

510.00

Agricultural

                                       1,643.00

                                             10.00

  • 3rd to 6th Class Municipalities (Norala, Sto. Nino, Tantangan)

CLASSIFICATION

HIGHEST

LOWEST

Residential

2,691.00

243.00

Commercial

7,205.00

389.00

Industrial

6,005.00

390.00

Institutional

6,705.00

986.00

Agricultural

928.00

20.00

*Source: Bureau of Internal
Revenue, Zonal Values Revenue Region 18- Koronadal City RDO No. 111 – DO No. 075-2022 

4th Revision from Nov. 2, 2022 to Present.

Cost of Rent of the Largest Commercial Space in the Locality (2022)

  • COMPONENT CITY (Koronadal City)
City/MunicipalityCost of Rent in PhP
Banga (SC)220.00
Koronadal350.00
Lake Sebu90.00
Norala1,000.00
Polomolok225.00
Santo Nino (SC)150
Surallah107.50
T’boli1,500.00
Tampakan47.12
Tantangan52.00
Tupi250.00

Power Rates

(in Php per kWh): July 2023        

Type of Connection

Peso/kWh

SOCOTECO I

Residential

13.49

Low Voltage

12.17

High Voltage

10.78

SOCOTECO II

Residential

9.43

Low Voltage

9.13

High Voltage

8.18

*Source: SOCOTECO I and SOCOTECO II