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
2018 Boracay closure and redevelopment to be an indicator of pollution and deteriorating water conditions. The Malay municipal government, some business operators, and some residents insist that the algal bloom is a natural seasonal phenomenon that usually occurs annually in the summer, and occurred on Boracay even before the island became developed. Boracay Island Water Co. operates the sewage network of Boracay which accommodates only 61 percent of the island. The island has two central sewerage treatment plants with a total a total capacity of 11.5 million liters/day, one in Barangay Balabag and another in Barangay Manoc-Manoc, and plans the construction of a third plant