Dumaguete City has been named by Forbes Magazine as among the best places to retire in the world, according to a report by Gulf News.  The city, located in Negros Oriental province, is number five on the list of the prestigious US-based publication.  Forbes described Dumaguete City as ideal for retirees who want more for their money. “Here you’ll find one of the best places for beachfront living on a budget. Dumaguete is among the cheapest places in the world to live,” it said, citing a listing by the Retire Overseas Index.

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