The majority of Filipino investors are satisfied with their government pension – but that sentiment is based on specific assumptions and a cash-dominant approach to retirement working out, according to the latest Manulife Investor Sentiment Index.*
Two-thirds of respondents said that they are confident that their government pension would be enough to meet their needs upon retirement – the highest level of all surveyed markets. In contrast, across all surveyed markets the proportion of confident investors was less than 40 percent, and as low as one-in-ten in some markets.
While such optimism seems positive, the survey shows it is based on some risky assumptions. First, investors expect their retirement income to be relatively high, at 92% of their current income – the highest estimate among all surveyed markets (Asia average 69%). Second, they expect their retirement expenses to be relatively low, at just 61 percent of their current income, at the lower end of surveyed markets (Asia average 66%). Third, nearly all (95%) said that in retirement they expect to rely on private healthcare – by contrast, in every other market only a minority expected to rely on private healthcare (Asia average 38%).
“Filipino investors have high estimates of their retirement income. Even if these turn out to be right, they may not be enough to cover their actual costs,” said Ryan Charland, CEO of Manulife Philippines. “Today, people generally expect their retirement to be active, and that means expenses will likely be much higher than what many realize. In addition, healthcare tends to cost a lot more than people expect. In Asia healthcare costs have risen about twice the rate of inflation over the past 10 years. Of course, it’s even more expensive if you go private.”
The survey highlights that Filipino investors have a high degree of reliance on their government pension, with only one in five owning an additional, private pension plan. Instead, many expect to fall back on other, less assured, largely cash-forms of income, notably savings (which they expect to make up 37% of their retirement income) and inheritance (12% of their retirement income) – in both cases the highest reliance of any surveyed markets. This cash-dominant approach to retirement is reinforced by the finding that, on receiving their pension, Philippine investors plan to deposit nearly half into the bank, the second-highest level of all markets (Asia average 35%).
“We know that Filipino investors like to hold cash and are among the most cash-heavy investors in Asia. The latest survey shows us they also plan to be Asia’s most cash-reliant investors when retired,” said Mr. Charland. “Keeping cash in the bank provides minimal returns, which may not even keep up with inflation. Their retirement optimism would have a sounder basis with a more balanced portfolio, especially given that retirement today can last 30 years or more.”
*About Manulife Investor Sentiment Index in Asia
Manulife’s Investor Sentiment Index in Asia is a quarterly, proprietary survey measuring and tracking investors’ views across eight markets in the region on their attitudes towards key asset classes and related issues. The Index is calculated as a net score (% of “Very good time” and “Good time” minus % of “Bad time” and “Very bad time”) for each asset class. The overall index is calculated as an average of the index figures of asset classes. A positive number means a positive sentiment, zero means a neutral sentiment, and a negative number means negative sentiment.
The Manulife ISI is based on 500 online interviews in each market of Hong Kong, China, Taiwan, Japan, and Singapore; in Malaysia, Indonesia and the Philippines it is conducted face-to-face. Respondents are middle class to affluent investors, aged 25 years and above who are the primary decision maker of financial matters in the household and currently have investment products.
The Manulife ISI is a long-established research series in North America. The Manulife ISI has been measuring investor sentiment in Canada for the past 15 years, and extended this to its John Hancock operation in the U.S. in 2011. Asset classes taken into Manulife ISI Asia calculations are stocks/equities, real estate (primary residence and other investment properties), mutual funds/unit trusts, fixed income investment and cash.
Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Clients look to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife and its subsidiaries were approximately C$637 billion (US$597 billion) as at June 30, 2014. We operate as John Hancock in the U.S. and as Manulife in other parts of the world.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife Financial can be found on the Internet at manulife.com.
Wednesday, September 24, 2014
Tuesday, September 16, 2014
Good oral hygiene begins and ends with bacteria. Start with a healthy environment for good bacteria to grow, and maintain this regimen by preventing bad bacteria from accumulating and causing plaque, cavities, and bad breath.
Win the fight against the bacteria in your mouth with oral care habits, starting with the food you eat. Avoid sugary and starchy food, consume more vegetables, and drink your eight glasses of water a day. After eating, always brushing your teeth, use oral care products with anti-bacterial features, and clean your tongue with scrapers or your tooth brush. By knowing the enemy of good oral hygiene, you can easily win the fight against it.
Monday, September 15, 2014
Just like every part of our body, our teeth can get dirty too. From eating too much sweets and drinking carbonated drinks to keeping bacteria-friendly toothbrushes, there are many causes for dirty teeth. However, cleaning your teeth can be just as easy as one-two-three. Floss first to remove bigger debris in between the teeth. Second, brush your teeth at least twice daily for two minutes each time. Third, don’t forget your tongue and brush this area clean too.
And to beef up your daily regimen even more, here are three teeth-cleaning partners to help maintain your pearly whites. First is a 12-hour anti-bacterial protection toothpaste to boost your teeth’s defense. Second is the right toothbrush that suits your cleaning needs. And of course, don’t forget to visit your dentist every six months for professional cleaning.
Remember, it’s easy to get our teeth dirty, but with a little effort, having clean teeth will become even easier.
Monday, August 04, 2014
Tooth decay or cavities is the top chronic health concern for children all over the world, which, when left untreated, can compromise a child’s eating and sleeping habits, as well as affect their self-confidence. A child suffering from severe cavities may experience difficulty in concentrating on school work, speaking, and even sleeping. Gerlie, a mother of two, shares, “I wasn’t aware that my child was suffering from cavities until one day he cried because of his very painful toothache. He couldn’t move and wasn’t able to do much else until the pain went away. He didn’t even have the appetite to eat or the energy to go to school.” These result in increasingly escalating detrimental effects on health, school and work performance, and even self-esteem. Aside from compromising a child’s eating habits, severe decay in baby teeth can have serious consequences for a child’s speech and jaw development.
A primary factor in the prevalence of cavities among Filipinos is a general lack of knowledge on dental health. Since oral health problems such as cavities are often overlooked, cavities are left untreated until they become emergency medical situations. In addition, unlike other more common health problems, the definition, symptoms, causes, and effects of cavities are not as commonly understood.
Cavities are commonly viewed by Filipinos as holes in teeth caused by consuming too much sweets. However, according to Dr. Corazon S. Flores, President of the Philippine Dental Association, “Visible holes on the surface of the teeth indicate that the problem has progressed beyond the tooth surface. In fact, dental caries or tooth decay begins with invisible acid erosion of the tooth enamel, caused by accumulated food substances left on the teeth. Left unchecked, the tooth area becomes increasingly damaged, progressing from the surface, all the way into the root.”
Cavities have become a fact of life among Filipinos when it really should not be as it is easily preventable, especially with the number of oral care products that are readily available. DepEd has continuously put their efforts to raise awareness on proper oral care in public school children by including it in the curriculum. This way, at an early age they are already made aware of how to easy it is to take care of their teeth.
It is also important to note that proper oral health care starts at home, continues Dr. Flores, “Being proactive at home is the first step. Filipinos can prevent this by brushing and flossing at least twice a day and regularly visiting the dentist at least twice a year. Parents need to set a good example by instilling good oral care habits in their family, especially their children, so that cavities can finally become a thing of the past.”
Thursday, July 17, 2014
The venture allows Healthway Medical to offer its premium healthcare services to more than 2.2 million Overseas Filipino Workers (OFWs) and other Filipinos abroad through I-Remit’s iShop. Considered a “One-Stop Shop Delivery Service”, iShop accepts orders and coordinates the delivery of Pinoy gifts and pasalubong from Filipinos abroad to their respective beneficiaries and loved ones back home.
“By making our healthcare services available online, OFWs and foreigners can take care of themselves and their families without having to worry about being far away from home,” says Carmie de Leon, Healthway Medical Vice President for Sales and Marketing.
Healthway Medical will now be offering Health Screening services as well as its premium executive checkup package, HealthCheQ International, to over 1,400 remittance outlets located in 26 countries and territories covered by I-Remit.
“I-Remit’s presence in twenty-six countries across the world allows us to reward clients with value added service, and that’s where Healthway Medical fits into the picture,” says I-Remit Vice President for Global Sales and Marketing Alejandro Pepino. “I think one of the main concerns of an OFW is when they send money to the Philippines, they want to have a sense of security that is actually addressing the needs of the family. Our multiple remittance channels let OFWs make purchases in advance for their loved ones in the Philippines, and Healthway Medical is there to provide much-needed preventive care for their families.”
Healthway Medical’s Health Screenings provide diagnostic procedures that help determine diseases even before the onset of observable symptoms. This enables Healthway Medical’s healthcare professionals to apply preventive health procedures and easily treat conditions before they get worse. Among the health care packages offered are basic medical exams for male and female, diabetes screening, and dental services such as teeth whitening.
HealthCheQ International, on the other hand, offers a more comprehensive medical package that includes laboratory, diagnostic services, imaging studies, and special examinations. Available in transferable coupons, HealthCheQ International is designed to provide medical and dental services for the entire family. The package also allows patients to choose among tests and procedures that best suit their needs, including cosmetic services such as warts removal and other facial-care procedures.
On top of premium healthcare, Healthway Medical extends its exclusive service with a complete wellness experience by offering an overnight stay at any of Healthway Medical’s partner hotels or resorts for a relaxing getaway.
For more information, visit Healthway Medical clinics at Alabang Town Center, Festival Supermall, Greenbelt 5, Market! Market!, Robinsons Place Manila, Shangri-La Plaza, and SM North Edsa-The Block. Call the Customer Care Hotline (02)751-4929 or visit www.healthway.com.ph or like Healthway Medical on Facebook.
Monday, June 09, 2014
It’s time to celebrate freedom and show off that Ayos Vibe at the #OneViberPH party on June 11, at the Mall of Asia Concert Grounds. Showcasing the best of the Philippines in music and art, #OneViberPH is the freedom party for the modern Fililpino.“Music has always been a part of our culture, especially among young Filipinos. So we are supporting OneVibePH to express our oneness with young people. This is a night that will unite us through music as we celebrate Philippine Independence. While OneVibePH offers great music, we at AyosDito.ph can provide the younger generation great online buying and selling experiences. Partnering with OneVibePH is one way of expressing our affinity with them,” explains Vanessa Lee Cartera, AyosDito.ph Senior Marketing Executive.
Crystal Lee, Viber’s Country Manager, added “After the success of #Viberacay event which dominated the island of Boracay during the Labor Day weekend, Viber wishes to celebrate the Philippine Independence Day since we already have our local office here in Manila providing free messaging to 13 million Viber subscribers. This is an opportunity for us to gather Viber users, enjoy the biggest electronic event and dance to the music of our local DJs.”
Joining the headliners are Filipino Apl.De.Ap, DJ Filipino-Dutch Laidback Luke, Filipino DJs Funk Avy, Mars Miranda and Motherbass. Foreign DJs will also join the event in support of Filipino talents: HardRock Sofa and Infected Mushroom. Likewise, 12 of the metro’s top party venues will be closed to support this independence day party: Aracama, Dillingers, The Distillery, Haze, Hyve, Imperial, Prive, Prohibition, Republiq, Skye, Time, Prive and UrBn.
Tickets are now available thru SM Tickets at (02) 470-2222 or www.smtickets.com and at Ticketworld at 891-9999 or at www.ticketworld.com. Ticket prices are at Php 1000.00 for Patron tickets and Php 500.00 for students and Viber users, just Viber Message using the hashtag (#OneVibePH) to 0911-VIBERPH to get the promo code when purchasing online.
13 million subscribers… 12 Prime Dance Clubs… 6 Participating Local DJs in 1 Epic Viber Event!
Hashtags: #AyosVibe #OneVibePH
Social Media Handle (Facebook, Twitter and Instagram): @AyosDito_PH @ViberPH
AyosDito.ph AyosDito.ph is a buy and sell website developed for Pinoys by Pinoys from 701 Search, Inc. It.s a joint venture between Singapore Press Holdings Limited, Schibsted ASA and Telenor ASA with more than 30 affiliate sites all over Asia, Europe and Latin America. Ayosdito is all about making your online buy and sell experience as worry free and hassle free as possible. One that will make you say "Ayos talaga Dito!" Best of all, they sort buying and selling by region, province and city, so Filipinos can use it no matter what region they are in the Philippines
Viber is a pioneering mobile messaging, voice and video service. Viber lets everyone in the world connect. Freely. Users can send free text messages, fun stickers, photos, videos and doodles, share locations anywhere in the world, make free HD-quality calls and communicate with Push-To-Talk. With Viber Out, users can make low-cost calls to any phone number around the world. Viber is available for iPhone®, Android™ phones and tablets, Windows Phone, BlackBerry®, Blackberry® 10, Windows®, Windows 8®, Mac, Linux, Symbian, Nokia S40 and Bada devices over 3G/4G or WiFi connections. With over 300 million users in 193 countries, Viber is constantly innovating by introducing new platforms and adding fun new features. Viber is a Rakuten Group company.
Friday, June 06, 2014
SM Supermalls clinched, for the second year, the Platinum in the Reader’s Digest Trusted Brand Award for the Shopping Mall category in the Philippines for 2014. As the ultimate seal of consumer approval, the Trusted Brand Award reflects SM Supermalls’ commitment to trustworthiness and credibility, quality, value, understanding of customer needs, innovation and social responsibility.
SM Supermalls adheres to basic tenets of shopping center management rooted in providing the highest level of service and delight to its shoppers which include well-curated local and global fashion brands through partnering with the world’s best retailers; a delectable mix of food tenants giving the market a taste of the best in the local and global scene; a wide array of entertainment options; awe-inspiring architectural eco-friendly designs and a warm ambience that allows shoppers from all walks of life to feel safe, comfortable and happy.
Winning this award reaffirms SM Supermalls’ commitment to constant innovation and responsible mall development. The company’s duty goes beyond serving its customers inside the malls as it is also implements sustainability programs benefitting the communities where an SM mall is located. This award motivates SM Supermalls to even work harder in order to maintain the trust its customers have given the brand. And one important reason why SM Supermalls is the Filipinos’ most trusted mall brand is perhaps because it’s never veered away from what it’s been known for through the years - fun and affordable luxury shopping experience. This is what SM Supermalls is all about.
In just over five decades, SM Supermalls became the Philippines’ most patronized chain of malls, rapidly growing from just one store into 49 malls in the country, three of which are among the biggest malls in the world. SM Supermalls also owns and operates 5 malls in China.