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
Boracay group led by Andrew Tan had earmarked PHP20 billion to develop tourism estates "featuring an integrated, master-planned layout and world-class resort offerings and amenities" in Boracay and Cavite. The planned Boracay project, Boracay Newcoast, involves four hotels with 1,500 rooms, a plaza and an entertainment center. Other resorts in Borocay include Discovery Shores, a luxury five-star resort managed by a Filipino hospitality group called The Discovery Leisure Company Inc. and owned by Discovery World Corp. The building, with 88 suites, a spa, and four restaurants and bars, stands at Station One on the White Beach, and has been described as