Monad Shoal is an underwater plateau where thresher sharks and manta rays can regularly be sighted.

Agricultural products such as corn and rice were supplied from neighboring islands, such as Cebu and Leyte.

Nowadays, the majority of islanders either directly or indirectly make a living out of tourism, which is developing rapidly.

The lack of a pier for bigger boats – due to financial constraints – is keeping a brake on construction growth.

The number-one dive site of Malapascua is Monad Shoal, a natural cleaning station for fish located 7.8 kilometres (4.8 mi) from the island (11°18′30″N 124°11′30″E / 11.30833°N 124.19167°E / 11.30833; 124.19167 – 30–35 minutes boat ride).

[3] In June 2016 a ship ran aground on the shoal, damaging three hectares (7.4 acres) of the protected area.