Elderly to make up almost half of population by 2050
THE Republic’s population size is expected to reach 6.34 million in 2030, based on projections from the United Nations (UN) released this year.
By then, there will be 806,000 people under 15 years old, and 1.8 million people who are aged 65 years or older making up about 28 per cent of the total population. The numbers will reach 722,000 and 3.08 million, respectively, out of a total population of 6.58 million by 2050. This means that in about three decades, almost half (47 per cent) of Singapore’s total population will be at least 65 years old.
According to the UN’S 2017 World Population Ageing report, Singapore’s population stood at 5.71 million as of this year, consisting of 855,000 people under the age of 15, and 886,000 people aged 65 and above.
Data from the UN were used in a UOB Bank research note released on Wednesday (Dec 6) on Singapore’s “demographic crossroad” next year. Among other things, the report by UOB economist Francis Tan said that the number of elderly Singaporeans aged 65 and above will, for the first time in the Republic’s modern history, match that of youths aged 15 and below.
The report also found that the life expectancy of the Singapore population will rise further. The life expectancies for men and women born in Singapore between 2010 and 2015 are 80.1 and 84.5, respectively. These would of India Ltd will supply the rice to Bangladesh under government-togovernment purchase scheme.
The farm will send 15,000 tons of rice in first instalment, within 60 days of opening the letter of credit, he added.
Earlier, the government decided to import 1.5 million tons of rice and 500,000 tons of wheat in the current fiscal year to increase government food stock.
As of November 28, the government had 598,000 tons of grain in stock, 381,000 tons of which were rice.
On October 18, the Cabinet Committee on Public Procurement approved the proposal to import 100,000 ton of rice from India.
Additional Secretary Mostafiz further said the 50,000 tons of wheat would be imported at the cost of $245.50 per ton, costing the government Tk101.82 crore.
The wheat will be supplied by a company named M/S Singhjan, he added. – Dhaka Tribune