Other tourist attractions include the Hinagdanan Cave, Mag-aso Falls, Badiang
Spring, Balicasag Island, Pamilacan Island, Blood Compact Site, Punta Cruz, and river boat
rides to Busay Falls, among others.
The cornerstone of tourism investment in Bohol
is the Panglao Island Tourism Estate (PITE). Home to prestigious Bohol Beach Club,
Panglao is the largest island municipality in the province. Existing recreational
facilities in Panglao are oriented towards snorkeling, diving and sailing. Dis- tinctly
missing are restaurants and shopping outlets.
PITE requires an investment of about P300 million.
The government will provide basic infra- structure, while the private sector is
expected to invest in beach resorts, retirement home villages, golf courses and
To be located in the southern coastline of
Panglao is the proposed Sikatuna Tourism Develop- ment Complex. It will sit on 437
hectares of land and beach area. The complex will accommodate a 60-hectare hotel
zone, beach resorts, and a marina. The plan includes the construction of a han-
dicraft village complete with a landscaped mini-urban park, a five-hectare sports center,
a 50-hectare botanical garden, a second-home village and an airport.