Boracay Convention Center plenaries in the function rooms. The Boracay Convention Center is part of the 79.21-hectare eco-village land in Boracay Island, which the Ayala group owned until June 2003. In 2005 alone, Boracay Property Holdings Inc., has so far invested $6 million or about P336 million to put up the world-class hotel and facilities in the area. Philippine Department of Trade and Industry Secretary Cesar A. V. Purisima had endorsed the conversion of the eco-village project, into a Tourism Economic Zone (TEZ) to President Gloria Macapagal Arroyo, who issued the presidential proclamation. The Trade department noted the rise in tourist bookings in
Boracay Kalibo on nearby Panay Island. A much smaller Ati-Atihan festival is celebrated on Boracay, usually in the second or third week of January. Boracay island is separated from Panay island by a narrow strait. The island is located opposite the barangay of Caticlan in the municipality of Malay, Aklan. Transportation across the strait is provided by boats operating from the Caticlan jetty port. Cagban Port serves as the primary sea transportation hub for passengers going into Boracay but the island lacks any formal seaport for cargo transport and waste disposal. Goods are delivered into Boracay through an informal port near