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With plans already on the table to set up continuing care facilities for retirees, companies from the United States and Europe are looking at investing in the country's retirement sector.Reynaldo Lingat, Philippine Retirement Authority (PRA) acting general manager, said that an American firm was looking for idle lands in Clark Field, Pampanga, and even beyond, including Subic Bay Freeport in Zambales to Morong in Bataan. He confirmed that the land will be used to house continuing care facilities for retirees. These facilities will include a whole package of products and services that retirees can avail themselves of, including housing, healthcare and lifestyle facilities. In addition, a European company was also planning to put up facilities for retirees, particularly those in the assisted and nursing sectors. According to him, retirees can be divided into three categories: active, 35-49 years old; assisted, 50-65 years old and nursing, and 65 years old and above. Investments (in the retirement sector) are increasing this year. And this kind of investments might help not only the retires but also the country's economy. [via] |
