Dumaguete among 7 best places to retire, according to Forbes Magazine

Looking to retire somewhere cheap, quiet, and yet invigorating in your old age? Dumaguete City in Negros Oriental may just be for you.

According to a "Balitanghali" report on Friday, American business magazine Forbes ranked the City of Gentle People fifth on the list of best places to retire.

It is possessed of a good climate, as it is hardly ever hit by the storms that so often leave trails of destruction in the Visayas. The standard of living is not that high, and there are plenty of good beaches to relax in.

The university town is also home to Silliman University, which plays host to the longest-running writers' workshop in the Philippines and Asia.



The sea wall lines Rizal Boulevard, after national hero Jose Rizal who is said to have gone on a brief visit before his exile in Dapitan.

Other places optimal for retirees include:

• Algarve, Portugal (1st)
• Cuenca, Ecuador (2nd)
• George Town, Malaysia (3rd)
• Chiang Mai, Thailand (4th)
• Pau, France (6th)
• Medellin, Colombia (7th)

Forbes' list includes 14 other cities around the world. — Vida Cruz/JDS, GMA News