of the town. The annual fiesta includes a cockfighting held during the fiesta day (largest cockfighting competition in the Philippines) at the Iloilo Coliseum and an agro-industrial and charity fair in Plaza Jaro which starts from September and a week after the fiesta day. Iloilo with its number of mainland Chinese expatriates who came for trading and settled in the city hundreds of years ago, celebrates the annual Iloilo Chinese Lunar New Year. It is considered as the largest Chinese New Year celebration outside Binondo, Manila, the oldest Chinatown in the world. In contrast with the city's celebration of the annual Chinese New Year, Iloilo with the advent of Chinese settlers before or during the Spanish Colonial period, settled in what is now the Molo District or Parian, a town established for Sangleyes or Chinese Ilonggos by the Spanish colonial government. Though only a town where Chinese people were organized to settle, Molo is considered as second-oldest Chinatown after Binondo, Manila. During the holiday season after the all saints (Dia de Todos Los Santos) and all souls days (Dia de los Muertos), various landmarks such as schools are adorned with yuletide lights spectacles. Flocked during its opening night in the first week of December by thousands of spectators, the annual Festival of Lights and Music at Central on the campus of Central Philippine University is the longest running university based Christmas festival of lights in the Western Visayas region since 1991. Trees, major edifices, and places of interests like the CPU Church on the university's 24 hectare main campus in Jaro, Iloilo City are festooned with holiday lights and displays of Christmas icons like Santa Claus, Nativity Scene, and Pasko sa Nayon. It is opened to the public until every January 6 of the next year. Carnival rides, a Christmas Bazaar and food stalls are also found catering to the tourists visiting the campus of the university in the said event. Paraw Regatta, which is also one of the main festivals of Iloilo and held every February, is the sailing event in Asia (oldest traditional boat sailing event in Asia). The festivities during the said festival includes Samba de Regatta, Miss Paraw Regatta pageant, Lighted Paraw and the annual Paraw Regatta sailing competition held in La Villa Rica de Arevalo (Villa de Arevalo) In thrive for the city's endeavor as the Art Capital of the Philippines, the Iloilo Summer Arts