Singapore Set to Revise Population Policies

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The Singapore government has recently opened a public consultation on family planning, immigration and integration issues in order to create a white paper, which in turn will help the republic solve its population puzzle says Asiabiz Services. http://www.asiabizservices.com/incorporation

Singapore company registration

Singapore company registration

The presence of younger professionals bodes well for Singapore as they may in time, decide to set up nest and make a family here. This translates to an alternative way of mitigating the low-birth trend that Singapore has been facing for years.

Singapore’s National Population and Talent Division (NPTD)
has recently initiated a public engagement program by inviting Singaporeans to share their views relating to family planning, immigration and integration issues over the next three months.

The NPTD is examining the republic’s population policies vis-a-vis that of the vox populi in a bid to release a white paper by the year-end. The white paper will in turn help policy makers address issues and revise population-related policies that reflect the concerns and aspirations of the nation.

In reference to its paper titled “Our Population Our future”, the NPTD highlighted low fertility rates against the backdrop of an ageing population as the primary demographic challenge in Singapore. According to the paper, Singapore’s population is set to shrink by 2025 if the current birth rates persist. The elderly to working adult support ratio will also dwindle from 6.3:1 in 2011 to 2.1:1 in 2030.

Hence, the NPTD is seeking views and suggestions on the following three issues:

PARENTHOOD IN SINGAPORE
●    How can we support Singaporeans who wish to marry earlier and have more children?
●    What more can we as a country and people do to promote marriage and parenthood, and foster a supportive environment for family life?

IMMIGRATION
●    Is it important to prevent our citizen population from declining? If so, why is it important? If not, why not?
●    The Government has reduced the inflow of immigrants significantly since 2009. Should we reduce the inflow further even if it means that our citizen population will age and shrink, and foreign spouses and dependants of Singaporeans may find it more difficult to become Singapore permanent residents or citizens?

SOCIAL INTEGRATION
●    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?

Analysis by Asiabiz shows that as of December 2011, Singapore has 1.46 million non-residents, 0.54 million permanent residents and 3.27 million citizens. This means that out of a total population of 5.26 million, the ratio of Singaporeans to non-residents, which include Singapore work visa holders and students, was approximately 3:1. This in turn makes Singapore a cosmopolitan and diverse society.

On one hand, while Singapore must develop concrete ways to tackle its persistently low fertility rate, it cannot afford shut its doors on high skilled migrants. Commenting further, Mr. James Nuben, Head of Taxation at Asiabiz Services, a Singapore company registration consultancy added, “The presence of younger professionals bodes well for Singapore as they may in time, decide to set up nest and make a family here. This translates to an alternative way of mitigating the low-birth trend that Singapore has been facing for years.”

“On the other hand, we have to ensure that we have the right and sufficient ingredients such as housing and appropriate childcare and parental privileges to accommodate this dream 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. Thus, in order to facilitate the dream, we must deliver the goods first,” added Mr. Nuben.

Members of the public may send in their views by 31 October via population.sg or by emailing at nptd_contact(at)nptd(dot)gov.sg

ABOUT ASIABIZ SERVICES
Asiabiz Services is a Singapore-based consultancy that offers business solutions for both local and foreign professionals, investors and entrepreneurs. Our areas of expertise include Singapore company registration, incorporation, offshore company setup, accounting, taxation and other related corporate services. Asiabiz Services also provides work visa and immigration services for foreign professionals wishing to relocate to Singapore.

120 Telok Ayer Street, Singapore 068589
Phone: +65 6303 4614
http://www.asiabizservices.com/

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Satish Bakhda
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