The IMMIGRANT 2013 Q4 issue

Page 1

The Joy of Flight p.8

Fort North p.14

Gifts for All Seasons p.12 Just the Pacs, Man p.6

The Philippines, a consistent top 20 placer in the world’s best retirement destinations, is now poised for higher ground. Johnna Villaviray-Giolagon reports

K

eith Watkins and Bob Gindernally sat outside the corner store in Cainta, Rizal, north of Metro Manila, enjoying each other’s company and the rare appearance of the elusive September sun. Watkins, 49, has been living in the Philippines the past four years with his Filipina wife. He lost this job in England and so they decided to pack up for the Philippines where the cost of living is decidedly cheaper. In the meantime Gindernally, 62, has shuttled regularly to and fro Asia and Hawaii that it has become more practical for him to relocate in the region. His wife for three decades is a Filipina so moving to the Philippines seemed to him like the natural decision to make.

Watkins and Gindernally are just two of thousands who chose to relocate to the Philippines over the past years as part of the phenomenon of International Retirement Migration (IRM) driven primarily by ageing baby boomers. This demographic is generally classified as the “active retired” who prefer to integrate into the host community, need special care, or want to live in a more structured and gated community of similar individuals. The Philippine Retirement Agency (PRA) reports that gross enrolment for the Special Resident Retirees Visa (SRRV) in 2012 alone is 3,426, a 42 percent jump from the previous year’s 2,580. Last year also marked a milestone when enrollment breached the 3,000 mark for the first time in 27 years. Cumulative gross enrollment for SRRV

is at 28,893 while cumulative enrollment is 20,818, landmark levels according to PRA. Established in 1985 the PRA is mandated to attract foreign nationals and former Filipino citizens to invest, reside and retire in the Philippines with the end-view of accelerating the socio-economic development of the country and contributing to the foreign currency reserve of the economy all the while providing them the best quality of life in the most attractive package. Since 2009, PRA has operated under the Department of Tourism (DOT).

Rising Numbers

According to a 2011 thesis paper by Mervin Magbuhat for the Graduate School of International Affairs of the Ming Chuan University, as many as 160,000 migrants

www.theimmigrant.com.ph

from neighboring countries and some returned migrants from the United States have actually resettled in the Philippines. Most expatriates carry resident or immigrant visas; Watkins and Gindernally, meanwhile, have non-quota immigrant visas by virtue of being married to Philippine nationals. Since 2010 the Philippines has made it consistently in the International Living magazine’s top 20 best retirement destinations in the world. This year it also lands in the 15th spot in the Cost of Living category with a perfect score of 100. Live and Invest Overseas publisher Kathleen Peddicord also lists the Philippines as among the world’s cheapest places to retire on a budget of USD1,200 a month or less. Turn to page 2

Photo by Yen Baet

PHL at Home

Vol. 2 No.4 Q4 2013 Philippine Edition ISSN No.


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The IMMIGRANT 2013 Q4 issue by Walter Villa - Issuu