Boracay Philippines and from other International nations, has been held annually since 2003, usually in March or April. Boracay was scheduled to host a special multi-sport event in 2013. At its 31st General Assembly in Macau, the Olympic Council of Asia (OCA) decided to create the "Asian Games Centennial Festival" in celebration of the 100th anniversary of the Oriental Games (later Far Eastern Championship Games). OCA awarded the hosting rights to the Philippines as it had been the host of the first Far Eastern Championship Games held in Manila 100 years earlier. The festival was to be held on Boracay in
2018 Boracay closure and redevelopment over Boracay. The officials were alleged to have been lax in issuing building permits and to have failed to sufficiently tackle illegal development activities on the island. About 400 hotels and restaurants were ordered to close for violating local environmental laws, while 3 casinos have been permanently shut down. Establishments built within the 30-meter shoreline easement were also demolished. The government projected that there will be about loss of potential gross receipts as a result of the six months closure of Boracay. Tourist stakeholders in the island project a loss of as they estimate that 700,000 bookings by foreign tourists