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 Water namely Manoc-Manoc, Balabag, and Yapak, including the commercial districts popularly known as Stations 1, 2 and 3. Boracay Water was granted the exclusive right to operate, manage, and expand water and used water facilities for a period of 25 years, renewable for another 25 years. The company was also granted the right to operate and maintain the existing drainage system upon its completion. It assumed operations on January 1, 2010 and began rehabilitating the island’s water and used water infrastructure, to contribute to a sustainable environment and to the economic development of the island. It helps in keeping the island’s