4 multi-billion corporations inject new investments in Boracay

 Four multi-billion conglomerates have expressed plans to construct new hotels in Boracay to further boost the economy and tourism in the island in ten years.
KASANGGA party-list Rep. Teodorico Hareshco said these new investments will create 10,000 additional rooms for Boracay. At the same time, it will provide a minimum of 20,000 new jobs.
One of these large investors is the San Miguel Corporation that is currently developing the Caticlan Airport in Malay, Aklan, he said.
The party-list representative said the four corporations have purchased properties in the island but construction is still on hold as the investors are still waiting for the election period to end.
"We expect that the towns of Nabas, Malay and Buruanga will become a bustling metropolis if these new investments will become operational," said Hareshco, a native of Aklan province.
Because of this development, the Aklan provincial government sees the possibility of having two million tourists in 2016.
This year, the Aklan provincial government expects to welcome 1.5 million visitors.