Singapore prepared for ageing population: Lim Boon Heng
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By Hetty Musfirah Abdul Khamid | Posted: 02 April 2011 1620 hrs
SINGAPORE: Minister in Charge of Ageing Issues Lim Boon Heng said Singapore has prepared itself to take on the challenges and capitalise on the opportunities of an ageing population.
Mr Lim said businesses can play a bigger role in delivering goods and services that seniors will demand.
He was speaking at the launch of the 50 plus Expo as part of the Annual Active Ageing Carnival.
Now into its third year, the Expo organised by the Council for Third Age, aims to create a market place for the silver industry and mature consumers.
Stakeholders said the market is growing but often under served. But this year, the event has managed to attract more than 120 exhibitors, among them are about 60 new exhibitors, to the Expo.
The exhibition features products tailored specifically for the silver segment in areas such as health, beauty and fitness.
It also features the "My Life, My Home" Exhibition that comes in the form of two showflats - equipped with the latest assistive devices and practical solutions that can help older Singaporeans age comfortably and independently within their own homes.
Mr Lim said: "As the population ages, we do expect that more and more people will need help in different aspects of everyday activities. But at the same time, they will also be largely healthy and mobile, have discretionary income and want to lead active lives. This represents possibly a huge opportunity for businesses."
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he is preparing too.
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Mr Lim said: "As the population ages, we do expect that more and more people will need help in different aspects of everyday activities. But at the same time, they will also be largely healthy and mobile, have discretionary income and want to lead active lives. This represents possibly a huge opportunity for businesses."
+++++Is there really a largerly healthy and mobile old pple?
Old pple have to work and work and work, cos unable to retire due to high cost of living. Where got time for looking after their health?
Have discretionary income?
Sure?