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March 2025

10Mar

Singapore’s population is aging fast. It hopes AI can help manage its elderly care

From listening devices that detect falls to “patient sitter” systems in hospitals and robots helping with exercise in care homes, Singapore is looking to artificial intelligence to help manage the health of its elderly population. By 2030, a quarter of Singaporeans will be 65 or older — in 2010, the figure was one in 10 — and it’s estimated that around 6,000 nurses and care staff will need to be hired annually to meet Singapore’s health workforce targets. Technology is much needed to help fill the...

March 10, 2025
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February 2025

17Feb

Singapore. Rethinking ageing: From caregiving to community and contribution

Caring for an elderly loved one might not be on your radar right now, but it’s a role many of us will take on eventually. “Almost all of us in Singapore will be, or already are, a caregiver,” Mr Dinesh Vasu Dash, CEO of the Agency for Integrated Care (AIC), observed. When his childless, widowed paternal uncle, now in his mid-80s, was hospitalised with a severe bout of influenza A, it was Mr Dinesh’s parents – both in their 70s –...

February 17, 2025
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October 2024

18Oct

Platform workers: a new era of labour protection in Singapore

The Platform Workers Act coming into effect on 1 January 2025 will be a game-changer in Singapore’s labour landscape.  It marks a significant step towards recognising the unique circumstances of platform workers and providing them with essential protections. As one of the first countries to establish specific safeguards for this growing workforce, Singapore is demonstrating its commitment to adapting labour laws to the evolving digital economy. Understanding Platform Workers and Platform Operators The Act defines “platform workers” as individuals who contract...

October 18, 2024
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July 2024

16Jul

Singapore faces increasingly aging society with dropping birth rate

The number of elderly Singaporean residents living alone in households more than doubled from 35,160 in 2013 to 78,135 in 2023, according to the Family Trends Report issued by the Ministry of Social and Family Development on Monday. The number of residents aged 65 and above living in resident households increased from 413,117 in 2013 to 708,656 last year. More than 80 percent of the elderly people lived with their families. People aged 65 and above accounted for 19.1 percent of...

July 16, 2024
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May 2024

13May

APG’s Singapore CEO: Sustainable investing is taking centre stage

Sustainability considerations are being increasingly integrated into APG Asset Management's investment approach, according to Eric Van der Maarel, chief executive officer of APG Asset Management's Singapore branch. Amid evolving market conditions and a shifting economic cycle, such integration will foster resilience and diversification, Van der Maarel said at a panel discussion at AsianInvestor’s Investment Strategy Summit on May 7 in Singapore. "What you've seen over the past two years is that our priority in terms of maximising returns, and having a real sustainability footprint as...

May 13, 2024
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April 2024

11Apr

Singapore. Redefining Retirement: Why it’s Time To Broaden Our Understanding Of What It Means To Retire

When someone says the word ‘retiree’, the image that comes to mind is a person with greying hair, perhaps wrinkling skin, and is ready to spend the rest of their days lounging at the kopitiam in the middle of the day with a newspaper and a hot cup of kopi. One would reasonably expect such a person to be in their sixties, well past the definition of a young person. But in the past two weeks, not one but two young men, clearly...

April 11, 2024
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March 2024

01Mar

Singapore faces shrinking population as total fertility rate falls below 1% for first time

Singapore, facing a dwindling population and a manpower shortage, has seen its resident total fertility rate (TFR) drop to an estimated 0.97 per cent in 2023, the first time it has dropped below one per cent in the country’s history. The TFR, which refers to the average number of babies each woman would have during her reproductive years, fell from 1.04 in 2022 and 1.12 in 2021, Minister in the Prime Minister’s Office (PMO) Indranee Rajah told Parliament on Wednesday. The...

March 1, 2024
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November 2023

17Nov

Societal aging and its impact on Singapore

By Cynthia Chen, Julian Lim, Abhijit Visaria & Angelique Chan  Societal aging is arguably one of our most critical demographic challenges (World Bank, 2016). Singapore is aging at a much faster rate compared to other countries. It will take only 27 years to transition from an 'aging society' in 1999 (7% of the population aged 65+) to a 'super-aged society' in 2026 (with 20% of its population aged 65+) (Tan Teck Boon, 2015). Japan, China, Germany, and the United States took, or will take,...

November 17, 2023
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October 2022

20Oct

Global pension systems, including Singapore’s CPF, face issue of getting platform workers on board

While Singapore’s Central Provident Fund (CPF) is among the top-ranked retirement income systems in the world, there is room to nudge the informal workforce, such as platform workers, into contributing more to the national savings scheme. This issue was raised by panellists during a webinar on Tuesday to discuss the findings of the Mercer CFA Institute Global Pension Index, which ranked the Republic ninth out of 44 retirement systems reviewed. Into its 14th year, the index placed Singapore’s retirement system as...

October 20, 2022
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July 2022

28Jul

Trust and Retirement Preparedness: Evidence from Singapore

By Benedict S. Koh, Olivia S. Mitchell & Joelle H. Fong Trust is an essential component of the financial system, and distrust can undermine saving and economic growth. Accordingly, prior research has shown that survey responses to a question about ‘trust in people’ are associated with household willingness to invest in the stock market. Nevertheless, little is known about how trust shapes economic behaviors predictive of retirement preparedness. Our study draws on the Singapore Life Panel (SLP®), a high-frequency internet...

July 28, 2022
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