FIRST AIRED: April 6, 2018

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COMING UP:Share Opener Variant 1

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Transcript

00:00:01
>> The Philippines has closed its most famous tourism island to tourists. There'll be a major cleanup of Boraday over the next six months, which firebrand President Rodrigo Duterte has branded a cesspool. A favorite among local and international tourists for its sugar white sand and crystal clear ocean, Boracay has been deteriorating.
00:00:18
As a result of what Duterte has called an overzealous development on the beach front and inadequate sewage facilities. In one of his trademark public outbursts, he said the islands were to smell of feces, though he used more colorful language. An official from the tourism ministry said this could just be the start of the work.
00:00:35
>> It will take longer than six months to rehabilitate and sustain, and save Boracay. But this is a good start, because the major works that have to be done, had to be done unhampered without the presence of too many people on the island.>> Boracay is located off the northern tip of Panay and attracted nearly 2 million visitors last year, and generated billion dollars in revenue.
00:00:59
Cebu Pacific are anticipating a loss of up to $5 million as domestic airlines begin to refund customers. Shares in Discovery World, which operates a resort on the island, dropped over 7% on the announcement. The government says any knock to the economy will be temporary. And that it has $38 million put aside for locals who depend on visitors.