Malapascua became famous fairly recently, only in the early 1998, as a
dive destination. Prior to this, the island was known for its wide white sand beach, known as Bounty Beach; it has also become known for its beautiful coral gardens, coral walls and excellent local dive spots, as well as further-out sites including Gato Island, Monad Shoal, and Kemod Shoal. Monad Shoal is an underwater plateau where thresher sharks and manta rays can regularly be sighted.

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Today in 2020, Malapascua has more than 25 Diveshop establishments, from the small basic diveshops to the big international Divecenter.
One can go for Fundive, Techdive or Freedive on various divesites, from easy to go for beginners to technival advanced dives and Nitrox dives.

Some diveshops offer Courses like OPEN WATER Course, ADVANCED OPEN WATER COURSE, NITROX COURSE , INSTRUCTOR COURSES  and many more.