THE Philippine Retirement Authority (PRA) and the National Economic Development Authority (NEDA) revealed that thousands of foreign retirees are looking to spend the rest of lives in the Philippines by 2015 because of the low cost but high-standard of living here.
According to a report from the PRA at NEDA, these foreign retirees are Chinese, Koreans, Japanese, and Fil-Americans.
These foreign retirees, according to the report, plan to live in Subic, Cebu, Tagaytay, Dumaguete, Baguio, and Metro Manila.
This roughly translates to some $14 billion in potential income for the country.
Robert Lim Joseph, chairman emeritus of the National Association of Independent Travel Agencies (Naitas), said government and the tourism industry should at this time, start making preparations.
The PRA and NEDA report further noted that at present, foreign retirees are starting to come, as indicated by Koreans here who have put up their own schools and grocery stores to cater to their own taste and needs.
Joseph said that the early beneficiaries of the influx of retirees are the travel, construction and real estate industries.
–Francis Earl A. Cueto, Manila Times
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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