Population

Profiting from the silver economy

SINGAPORE (Oct 19): Longevity is seen as an enormous business opportunity, especially in rapidly ageing economies countries such as Singapore, where people aged 65 and above are the fastest-growing demographic segment.

Kanwaljit Soin, a former nominated member of parliament and founding president of non-profit centre Women’s Initiative for Ageing Successfully, believes this presents an opportunity that is  “as momentous as climate change”.

How can Singapore turn 'old' into gold again?

SINGAPORE (Oct 19): For many Singaporeans, longevity can be scary without adequate finances or good health.

A recent study commissioned by Prudential and conducted by The Economist Intelligence Unit suggests that there is anxiety on the prospect of living up to 100. Some 55% of more than 1,200 respondents said they were not ready to live to 100, from a health or financial standpoint.

A fifth reported being uncertain.

Singapore ranks 13th globally for investments in education & health care, ahead of Japan

SINGAPORE (Sept 25): Singapore has risen 30 places over the last quarter-century to rank 13th among its global peers investing in education and healthcare in 2016, improving majorly from its 1990 ranking of 43rd.

This is according to the first internationally-comparable index of human capital by the Institute for Health Metrics and Evaluation (IHME) at the University of Washington, which offers a measure of expected human capital incorporating educational attainment, education quality/learning, functional health status, and survival for 195 countries from 1990-2016.

China’s growth leaders and laggards are worlds apart

SINGAPORE (May 11): When it comes to assessing the second largest economy in the world at current prices, simply referring to China as a whole does not do justice to the diversity of its 31 provinces and municipalities, says Alessandro Theiss, a senior economist at Oxford Economics.

While the gradual deceleration of gross domestic product (GDP) growth in China since 2010 has captured the attention of most, Theiss believes it has masked some significant regional divergences which will continue to persist, albeit not to the same degree as over the past five years.

Singapore’s property market to benefit from population & economic growth ahead

SINGAPORE (April 3): Singapore’s property market is expected to benefit from a number of government policy changes that have recently begun to take effect, according to recent research data published by JLL.

In an April 2017 report entitled Back to life, back to growth, the financial and professional services firm says it believes the city state’s population and skilled workforce growth rates are set to rise over the next few years to benefit office, retail and residential demand in the local property segment.

Tokyo has more than two job openings for every applicant

Tokyo job fair

TOKYO (March 17): Graduate recruitment in Japan looks a bit like a scene from the movie "The Matrix." Hordes of students dressed in identical black suits and white shirts make the rounds of seminars, tests and interviews. Even as jobs outnumber applicants, these "Agent Smiths" still fight it out for coveted positions at big-name companies, while leaving smaller employers out in the cold.

Lost sleep is costing Japan's economy billions

TOKYO (Feb 16): Sleep deprivation is doing more harm in Japan than just making people grumpy and unhealthy. It is also holding back the world’s third-largest economy.

The problem has been getting worse in recent years. Nearly half of full-time workers say they don’t get enough sleep, citing long overtime hours as a primary reason, according to a government white paper on “karoshi”-- death from overwork.

That is largely the result of an unforgiving work culture that includes abundant overtime, said Junko Sakuyama, economist at Dai-Ichi Life Research Institute in Tokyo. 

Payback time for the demographic dividend

SINGAPORE (Nov 15): The world's demographic is in the midst of unravelling as population growth is rapidly declining in the US, Europe, Japan, China and most of Asia, according to the latest data from DBS Group Research. 

In a Monday report, analyst David Carbon highlights that the US's working-age population growth (WAPG) has fallen to a low of just 0.4% this year – less than half of the rate recorded eight years ago  – producing a knock-on effect to push GDP growth below 3%. 

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