CAGAYAN DE ORO JOURNAL (Ben Balce/March 24) - CAGAYAN de Oro and Iligan Cities have been accredited by the Philippine Retirement Authority Inc. (PRAI) as retirement havens.
Edgardo Aglipay, PRAI chair, said they have been intensifying the campaign to lure in retirees from all over the world. He said by 2010, their target would be 900,000 retirees both foreign and local.
He said Cagayan de Oro and Iligan are two areas in Northern Mindanao that will be promoted as sites suited for retirees because of their facilities.
Both are considered high-end locations with their high elevation and beaches.
"Foreign national retirees, particularly from the Middle East countries, will be the most suited in these two cities," said Aglipay.