According to the paper, given the current birth rates and without immigration, Singapore’s citizen population will begin to shrink around 2025. The number of elderly citizens will triple to 900,000 by 2030, and they will be supported by a smaller base of working-age citizens.
In 2011, there were currently about 6.3 citizens in the working ages of 20 to 64 years, for each citizen aged 65 and above, making the ratio 6.3:1. Is it important to prevent our citizen population from declining?...How can we improve interactions and strengthen cohesion between Singaporeans and new immigrants?
● How can we enhance mutual understanding of, and respect for, one another’s cultures and customs?
Notably, as on December 2011, Singapore’s total population was 5.26 million. Of this, 3.27 million were Singapore citizens, and 0.54 million permanent residents, making the total resident population of 3.81 million. May this year released the government’s first occasional paper on population issues affecting the citizen population. The Division's study noted that even with total fertility rate (TFR) raised to 2.1, if no new citizens are taken in, the population of Singapore will shrink. Moreover, if TFR remains at 1.2, a yearly intake of 20,000 to 25,000 new citizens is required to keep the population steady.
Rikvin's analysis also shows that while Singapore should focus on developing concrete ways to tackle the dwindling birth rate, it cannot afford to stop attracting migrants. “Having more number of young foreign professionals means a more productive and future-ready workforce. This translates to the possibility of building families and mitigating the low-birth trend that Singapore has been facing for years,” added Satish Bakhda, Head of Operations at Rikvin, a Singapore company setup specialist.
“On the other hand, while we aspire to grow our population, we have to ensure whether we have the resources to accommodate the larger population and make Singapore a comfortable home for all. As we know, Singapore is one of the most expensive cities to live in Asia and currently offers a high living standard for those who can afford it. Established in 1998, Rikvin has since partnered with thousands of investors, entrepreneurs and professionals in their pursuit to access business opportunities overseas. Rikvin’s areas of expertise include Singapore company incorporation, accounting, taxation and other related corporate services. Rikvin is also a licensed employment agency with the Ministry of Manpower (MOM) and offers a full spectrum of Singapore employment pass services for foreign professionals and for global entrepreneurs who wish to form a Singapore company.
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For the original version on PRWeb visit: http://www.prweb.com/releases/prwebimmigration/singapore/prweb9772054.htm