As this topic came up in another Thread, I think it is worth to discuss about it.
IMHO it is a complete ecconomical nonsense to build an Airport there.
I just put down some links, where the discussion goes on other sites
Panglao-Bohol International Airport Development Project - SkyscraperCity Proposed Panglao International Airport makes no Sense
cheers
Rhoody
Philippinen Tauchen