Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Sunday, 24 September 2017 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << September 2017 >> 
S M T W T F S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2007/04/02

RP eyes 1% of 1-B foreign retirees

Bacolod City (2 April) -- The Philippine government is on a campaign to attract at least one million retirees from the projected one billion foreign retirees across the globe over the next fifteen years.

In a press conference here, retired police chief Gen. Edgardo Aglipay said they are particularly targeting Filipino retirees from dollar rich countries and rich Asian neighbors.

The campaign theme “Smile at Life in the Philippines,” seeks to promote the country as a retirement haven of Southeast Asia.

He said the country could very well compete with Spain that has captured a huge number of retirees from around the world, making them a richer country in Europe.

Climate, cost, security, scenery, and the quality service of our health personnel are among the factors that make the Philippines an attractive place to host retirees.

He said retirees, particularly some Americans, are looking outside the United States to stretch the value of their pension.

Retirement villages abroad charge about $4,000 per person, while a local counterpart here charge roughly about $1,200, Aglipay said.

The Philippine Retirement Authority has accredited about 70 facilities in the country having passed the standards set by foreign retirement authorities.

Aglipay reported that the country earned some $170 million last year as revenues from the retirement industry.

In return, Aglipay said PRA has a standing agreement with the DSWD to put up a retirement for the poor citizens of the country. (PIA-LOL) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»Feature: Bangko Sentral gets involved in microfinance
»April is tax awareness month
»TESDA announces job openings for butchers abroad
»DOH cautions public vs. food-borne diseases this summer
»Tobacco farmers earn higher profit this season
»Tagalog News: PGMA hangad ang dagliang pag-iimbestiga sa pagpaslang kay Rabaya
»Feature: Why Philvolcs issues tsunami warnings, alerts, alarm
»Food-for-school program feeds 5,905 Leyte grade I pupils this summer
»Comelec orders monitoring of compliance with public works ban
»Police to reinforce soldiers in anti-insurgency campaign in Ilocos region
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines