El­derly to make up al­most half of pop­u­la­tion by 2050

The Myanmar Times - Weekend - - International Business -

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

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