Hi Travelem,
Since nobody has responded to your thread... I will.
On the island of Cebu there are many great dive sites. In the North you have Malapascua, on the East and located near to the airport you have Mactan and on the South West coast you have Moalboal (where our dive centre is located).
In Moalboal, you will get the chance to see whitetips, rays, turtles, barracuda, tuna, shoals of sardines, plenty of macro and more... and if your lucky on the day maybe whalesharks.
We have some excellent dive spots and good conditions (there are several threads on Moalboal on PPD site that you can check out) with beautiful soft and hard coral reefs and all within a short boat ride from our centre.
If you need any further info just drop me a line.
Hope that helps.
Cheers
Carl