Does this answer your question?
Lots of discussion on this already. Please read the many threads where this has been discussed already.
Pictures provided by the link is showing the damage 3 days from the typhoon onslaught. There is a TA thread which shows that this dive shop is already re-open for business. North Cebu is already on the recovery stage. Northern Cebu's electricity has already gone back up, 2 weeks ahead of schedule. However, expect some power outages. Some power is better than none. How North Cebu, including Malapascua will be by 3rd week of December will be considered speculation if made today.