Boracay, with its long stretches of powdery white sand and kite -surfing - and-dive-friendly coral reefs, remains the crown jewel, if not yet the cash cow, of the PhilippineIslands.
When bank of the PhilippineIslands (BPI) bought the unit from Citigroup in 1996, Villarosa went over to that bank where he rose to the position of executive vice President and treasurer.