THE PHILIPPINE STAR

VOL.XXIII NO.82.FRIDAY, OCTOBER 17, 2008.18 SECTIONS, 116 PAGES

POSSESSORS, investors and other stakeholders in Boracay Island declared that the recent Supreme Court decision on the issue of land ownership in the country’s top tourist destination as “the single most significant step to boost the country’s bid in becoming a premier tourist spot among other Asian destinations”.

“Investors’ confidence will definitely be boosted by this landmark (decision) since the legitimacy of land ownership and possession will finally be resolved, said Jocielo Ramirez, a former director of the United Nations World Food Program.

As one of the possessors and stakeholders in Boracay Island, Ramirez said that he sees a better future for Boracay as serious investors will have a different perspective about their investment plans for the island.

Ramirez, a Filipino who occupies a one-hectare property in the island said that contrary to the current public perception, we as stakeholders here see the High Court’s ruling as a very positive development”, Ramirez said.

He explained that as soon as the issue on property rights and ownership are settled, the re-development of Boracay will be set in motion. Proper environmental protection and related programs will be re-established to compliment world-class facilities that will be built in the island, he added.