The Philippine Retirement Authority (PRA) regional office here registered retirees from other countries that considered Davao City not only as a second home but also as investment area.
PRA-Davao chief Jaime Llanes said they also received inquiries from prospective foreign retirees wanting to locate here not only for residential purposes but for business prospects as well.
Right now there are about 300 registered retirees at PRA-Davao, mostly from South Korea, Europe and the United States.
Llanes said they remain optimistic of the prospects of the industry and together with the other sectors here particularly on tourism Davao is aggressively being pushed also in the international market of its nature sites very ideal for island-to-highland destinations.
He also said foreign retirees here contribute to the economy.
Data reported by PRA indicated that the Philippines has 20,000 foreign retirees enrolled at PRA and the government retirement authority is campaigning for more because their stay here could spur economic activities.
PRA chief Retired Gen. Edgar B. Aglipay earlier said that every foreign retiree coming to the country could create at least four jobs.
He cited for instance that if Davao would have 1,000 retirees, each of them would spend $ 1,000 monthly and that would translate to $ 1 million injected in the economy of the city within a month.
Davao has advantage over other areas in the country because of its weather and the abundance of agricultural products like fruits and vegetables as well as the availability of unspoiled resorts like beaches and the presence of good sports facilities like golf courses.
It may be recalled that Davao City was named Most Competitive City compared to the other cities in the Philippines. It ranked No. 1 in the survey of the Asian Institute of Management Policy Center in 2008 in terms of the cost of doing business, infrastructure, dynamism of local economy, quality of life, human resource and training conducted by local government unit.
In the overall ranking of 10 Metro Cities in the Philippines, Davao City placed first followed by Quezon City, then Makati City, Manila City, Marikina City, 6th Lapu-lapu City, Paranaque City, Muntinlupa City, Cebu City and 10th, Pasay City. (PNA) LAP/PDB/lvp
No comments:
Post a Comment