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
April –
MONTH OF PLANET EARTH!
“Climate change, El Nino,
and the Middle East conflict
are wreaking havoc on Planet Earth.”
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
Monthly Observances:
April – Month of Planet Earth
Weekly Observances:
April 24-30 — World Immunization Week
Daily Observances:
Apr 5 — International Day of Conscience
Apr 7 — World Health Day
Apr 15 — International Day of Wellness
Apr 21 — Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health
at Work
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