Olongapo SubicBay BatangGapo Newscenter

Friday, July 25, 2008

Foriegn Chambers identify Subic, 4 others as retirement havens

4 foreign chambers identify 5 cities as retirement havens

Four foreign chambers of commerce comprising of Japan, Korea, European and US have identified five areas – Manila, Subic, Tagaytay, Cebu and Dumaguete – as ideal retirement havens in the country that can really provide full service to foreign retirees.

Henry Schumacher, executive vice president of the European Chamber in the Philippines, said the four foreign chambers have already formed the International Chamber of Commerce, Retirement and Healthcare Coalition primarily to promote the Philippines as a retirement market.

"We have to see to it that they will be provided the required amenities and an end-to-end service – from the time they arrive at the airport to caretaker down to undertaker," Schumacher said.

"We believe the retirement market is an exciting market for the Philippines and if we want to be known as a retirement haven then we have to move now," Schumacher said.

According to Schumacher, the five cities have been chosen as priority areas as the country’s retirement sites largely due to their excellent medical facilities to serve the medical needs of foreign retirees, who may decide to make the Philippines their second home.

The five cities have excellent medical facilities and have the right environment for retirees to stay longer in the country. By BERNIE CAHILES-MAGKILAT - Manila Bulletin

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