THE Philippines is on its way to becoming a choice retirement haven for Filipinos and foreigners alike, the Board of Investments (BOI) said in its website Thursday.
DTI Undersecretary and BOI Managing Head Ceferino Rodolfo described the Philippines as an “emerging” retirement destination.
“With our compassionate and competent pool of healthcare professionals and world class wellness facilities, the Philippines is fast becoming an attractive country for foreign and Filipino retirees from around the world,” Rodolfo said.
The BOI said the Retirement Industry Roadmap would be finalized within the first half of 2016.
The roadmap was crafted by stakeholders in the retirement industry in collaboration with BOI and other government agencies.
The Retirement Industry Roadmap outlines the course of action needed for the industry to be globally-competitive. The PRA, the current chair of the Technical Working Group (TWG) for the Retirement Sector’s Roadmapping Activity, is currently reviewing the draft roadmap.
In the Annual Global Retirement Index 2016, the International Living Magazine ranked the Philippines as 17th out of the 23 best countries to retire in, the BOI said.
The Annual Global Retirement Index, the agency said, bases its rating on a number of composite factors, namely, real estate costs, special benefits for retirees, cost of living, leisure amenities, healthcare services, infrastructure, and climate.