Sunday, June 1, 2014

Ten Reasons to Retire in the Philippines



Why retire in the Philippines?

After writing something about a question on leaving for greener pastures abroad, I am sharing a page taken from the Philippine Retirement Authority (PRA). The texts belong to PRA while I put numbers in it.

Smile is Life in the Philippines. 
This is our (PRA's) invitation to our former Filipino citizens and foreign nationals to choose the Philippines as their second home. Famous for our vibrant culture, hospitality, friendly English-speaking population, natural attractions, and tropical climate, retirees can expect the good life in the Philippines at an affordable cost.

1. Geography. The Philippines is an archipelagic nation made up of 7, 107 islands spanning 1, 840 kilometers north to south. It is part of the Southeast Asian region and is bordered by Taiwan to the north, Indonesia and Malaysian Borneo to the south,  the South China Sea (or West Philippine Sea) on the west and the Pacific Ocean to the east. The three main Philippine island groups are Luzon, Visayas and Mindanao. The capital is Manila. Time zone is GMT +8 hours.

2. Climate. Generally, Philippines has a tropical climate. March to May is hot and dry. June to October is rainy. November to February is cool. Average temperatures: 78F/25C to 90F/32C; humidity is 77 percent.

3. Language. Understanding each other will not be a problem between the retirees and our people. Almost every Filipino can understand and speak some English. In fact, we are the third largest English-speaking nation in terms of population. Two official languages are Filipino and English. Filipino, which is based on Tagalog, is the national language. English is widely used and is the medium of instruction in higher education. Eight (8) major dialects spoken by majority of the Filipinos: Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango and Pangasinense.

4. Religions. Some 83 percent of Filipinos are Catholic. About five percent are Muslim. The rest are made up of similar smaller Christian denominations and Buddhist.

5. Cost of living. The principal appeal for retirement in the Philippines is the lower cost of living. Housing, food and labor costs are quite reasonable. Global Filipinos and foreign retirees can retire in the Philippines and enjoy not only the lower cost of living but also the very favorable currency exchange rate.

The Philippines' monetary unit is Peso. Foreign currency may be exchanged at any hotels, most large department stores, banks and authorized money changing shops accredited by the Central Bank of the Philippines. International credit cards such as Visa, Diners Club, Bank Americard, Master Card and American Express are accepted in major establishments.

6. World-class medical and health services. In terms of medical services, our facilities are comparable to the best anywhere else. Our highly trained medical personnel and caregivers are in demand all over the world not only for their competence and expertise but most especially for the care and compassion they show to their wards. Healthcare, a top priority of the senior market, is an expertise of the Filipino who is world-renowned for his excellent healthcare practitioners.

7. Filipino hospitality. Filipinos are naturally warm, friendly and hospitable. We have a ready smile for everybody and our religious background that is predominantly Catholic makes service to others an innate trait.

8. Telecommunication edge. Every retiree can avail of the country's continuously improving telecommunication facilities. They can keep abreast of what is happening around the world and keep in touch  with their relatives and friends back home.

9. Eco-tourism destination. Philippines can provide the retirees with endless choices of world-class destinations that will bring them closer to Mother Nature with clear air and beautiful sceneries. The white sand beach of Boracay and Panglao and the virgin islands of Palawan, often referred to as "the last frontier" are truly unforgettable places that entice the visitors to come back in the Philippines.

10. PRA service. The Philippine Retirement Authority (PRA) prides itself on the after-membership service that it provides to the retirees. During their stay in the country, they can consider PRA as their second family. PRA helps them to address their needs. If and when they encounter any problem, PRA is with them every inch of the way.

Thinking about retiring in the Philippines now? For more information, visit the website of Philippine Retirement Authority at www.pra.gov.ph


Source: Philippine Retirement Authority website

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