Gloria Macapagal Arroyo

President Gloria Macapagal Arroyo broke ground April 15 for the $60 million Shangri-La Resort and Spa complex being built on Boracay Island in the central Philippines in a bid to boost tourism.

The 150-room and 50-villa beachfront resort, which is to open in 2007, is the first major foreign investment in an 80-hectare tourism economic zone created by Arroyo on the island.

Shangri-La Asia Ltd., Asia's biggest luxury hotel operator, already runs four hotels in the country, including three in the capital, Manila.

Tourism officials said they expect 2.6 million tourists to visit the archipelago this year, up from 2.3 million in 2004, most of them from Asia.

The Japan Times Weekly: April 23, 2005
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