Pernia: 6-month Boracay closure to cost economy P1.96 billion

The six-month closure from tourists of Boracay Island starting Thursday, April 26, would cost the economy about P1.96 billion, which the country’s chief economist said Tuesday would be compensated for by an increase in arrivals in other domestic tourist spots. Citing an earlier estimate of the state planning agency National Economic and Development Authority, Socioeconomic Planning Secretary and […]

Boracay faces shutdown

PRESIDENT Rodrigo Duterte has threatened to close the country’s most  popular tourist beach resort, the Boracay, which he described as a “cesspool,” if the vacation island’s environmental issues would not be resolved in six months. The President instructed Environment Secretary Roy Cimatu on Saturday to address the growing environmental concern in Boracay, saying there would […]

Ownership battle over Boracay resort property heats up
Boracay Philippines

MANILA, Philippines – The battle over a property in Boracay where a portion of Friday’s Boracay sits continues. Mila Yap-Sumndad said she owns the property and has filed a libel suit against Jose Marcel Panlilio, head of Boulevard Holdings Inc. (BHI), the publicly listed property developer that owns Friday’s Boracay for questioning her court-sanctioned public […]

QC Court Orders Suspension of Friday’s Boracay Property Auction
Boracay Property Auction

THE COURT has stopped the auction of a beachfront property owned by a subsidiary of Boulevard Holdings, Inc. Branch 95 of the Regional Trial Court (RTC) of Quezon City ordered on March 4 the suspension of the sale of a 1,477-square-meter Boracay property, owned by Friday’s Holdings, Inc., that was supposed to take place yesterday […]