Sunday, June 23, 2024
HomeNewsPhilippinesBoracay authority forms to ensure sustainable development

Boracay authority forms to ensure sustainable development

The Philippines House of Representatives has approved the creation of the Boracay Island Development Authority (BIDA), only weeks after talks of plans for a casino revival on the island. 

Under the bill which was approved on final reading, the proposed government-owned and controlled corporation to be known as BIDA shall manage, develop, operate, preserve, and rehabilitate the Boracay Island Development Zone, which shall include the entirety of Boracay Island and surrounding islets including Barangay Caticlan.

As well as this, BIDA is set to create a Boracay Action Plan which is said to be geared towards investment sustainability and balanced development in the island, Philippine News Agency reports. 

In late August, Duterte did a U-turn on his position on new casinos, saying that the government needs to generate revenue to recover from the Covid crisis.

Not long after, Leisure and Resorts World Corp. confirmed that it plans to revive talks with Macau’s Galaxy Entertainment on a $500 million casino on Boracay in the Philippines. Alliance Global, made a similar announcement. 

Both of these projects have already been met with opposition from church and business groups. 

AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.



daily newsletter