Escape to Palawan Island for a conservation haven



Is this a good time to visit Palawan Island in the Philippines? We're thinking of a week-long trip at the end of the month, but we're not sure about the climate at this time of the year. Can you suggest places on the island that aren't too crowded with tourists?

Palawan was declared a marine and wildlife sanctuary in 1967 and to this day remains one of the best conserved islands in the Philippines, boasting nearly 2,000km of coastline fringed with coral reefs. While north Palawan is relatively easy to tour, poor infrastructure makes south Palawan difficult to access.

The climate is hot and humid right through the year, much like the rest of the Philippines, but late February to May is the best time to go - after this, the islands receive torrential downpours thanks to two monsoon seasons (June to October; November to February).

If you want to avoid the crowds, drive straight through Puerto Princesa, the capital and a busy tourist destination, to Taytay, a quiet town that used to be the island's capital. Most tourists give Taytay a miss - it's a good eight hours by road from the capital (300 pesos [Dh26] per person by van) - but is worth an overnight stay. Spend the day snorkelling and diving off the pristine beaches, kayaking and birdwatching on Lake Manguao, Palawan's largest lake, and swimming under the Canique waterfalls. Taytay is also home to Fort Isabel, a 17th-century Spanish citadel that's worth a visit.

Further down the coast is the picturesque town of El Nido. Comprising 45 islands and tiny islets, El Nido is a paradise of seascapes and jungles, and is relatively free of tourists because of conservation efforts. The seven to nine-hour drive down bad roads by van (from 700 pesos [Dh60] per person) from Puerto Princesa also works as a deterrent, but is quite worth the trouble. From the reefs to the freshwater springs, El Nido has enough to keep visitors absorbed for days at a stretch. Bacuit Bay is wonderful to explore by boat, (hired locally, from 700 pesos [Dh60] per person) and is surrounded by limestone cliffs.

Port Barton is a lesser known fishing village set around pretty Pagdanan Bay in north-west Palawan, about four hours from Puerto Princesa by bus (400 pesos, Dh34). Uncluttered by touristy attractions, it is a good base from which to enjoy water-based activities. Further north is Coron Island, designated as the "ancestral domain" of the indigenous Tagbanwa people, and famous for its granite cliffs, cave systems and the wrecks of Japanese ships from the Second World War that lie a few kilometres off the coast.

Have a travel query? Send it to our expert at travel@thenational.ae, and read more insider information on where to go and when at Travel Tips.

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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The specs

Engine: Four electric motors, one at each wheel

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Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

Volvo ES90 Specs

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On sale: Later in 2025 or early 2026, depending on region

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Company name: SimpliFi

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UAE's role in anti-extremism recognised

General John Allen, President of the Brookings Institution research group, commended the role the UAE has played in the fight against terrorism and violent extremism.

He told a Globsec debate of the UAE’s "hugely outsized" role in the fight against Isis.

"It’s trite these days to say that any country punches above its weight, but in every possible way the Emirates did, both militarily, and very importantly, the UAE was extraordinarily helpful on getting to the issue of violent extremism," he said.

He also noted the impact that Hedayah, among others in the UAE, has played in addressing violent extremism.

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Investors: Flat6labs, 500 Falcons, three angel investors

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List of alleged parties

 May 15 2020: PM and Carrie attend 'work meeting' with at
least 17 staff members

May 20 2020: PM and Carrie attend 'bring your own booze'
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Nov 27 2020: PM gives speech at leaving do for his staff

Dec 10 2020: Staff party held by then-education secretary
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Dec 14 2020: London mayor candidate Shaun Bailey holds staff party at Conservative
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UAE currency: the story behind the money in your pockets

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

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Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

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“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
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Star rating: 2/5