Committee of Supply 2023 debate, Day 3: Sylvia Lim on potential of the silver economy
How is the Singapore Government capitalising on the potential of the silver economy? MP Sylvia Lim asked this question in Parliament on Tuesday (Feb 28). She noted that more can be done to collaborate with the private sector and encourage local enterprises and start-ups to expand into creating technological innovations that cater to the needs and well-being of seniors. Singapore is itself one of the most rapidly ageing societies in the world and faces a manpower shortage in the care sector. Meanwhile, in the Asia-Pacific region, the silver economy was projected in a recent blog article published by Enterprise Singapore to be worth US$4.6 trillion by 2025, with market opportunities identified in telemedicine, elderly nutrition and assisted living.
How is the Singapore Government capitalising on the potential of the silver economy? MP Sylvia Lim asked this question in Parliament on Tuesday (Feb 28). She noted that more can be done to collaborate with the private sector and encourage local enterprises and start-ups to expand into creating technological innovations that cater to the needs and well-being of seniors. Singapore is itself one of the most rapidly ageing societies in the world and faces a manpower shortage in the care sector. Meanwhile, in the Asia-Pacific region, the silver economy was projected in a recent blog article published by Enterprise Singapore to be worth US$4.6 trillion by 2025, with market opportunities identified in telemedicine, elderly nutrition and assisted living.
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