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Businesses Target Asia’s Aging Population

As the rapid aging of Asia’s population creates challenges for governments and societies, new opportunities are emerging for businesses serving the needs of the elderly and their caretakers.

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As the rapid aging of Asia’s population creates challenges for governments and societies, new opportunities are emerging for businesses serving the needs of the elderly and their caretakers.

While population aging is a global phenomenon, the Asian-Pacific region is expected to see a particularly drastic demographic change over the next few decades. The number of elderly persons in the region—already home to more than half of the world’s population aged 60 and over—is expected to triple to more than 1.2 billion by 2050, when one in four people in the region will be over 60 years old, according to the United Nations Economic and Social Commission for Asia and the Pacific.

via Businesses Target Asia’s Aging Population – WSJ.com.

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Banking

Malaysia, Thailand banks to join the ASEAN Banking Integration Framework

Banking institutions from Thailand and Malaysia are invited to join the ASEAN Banking Integration Framework and indicate their interest to become a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Pursuant to the bilateral arrangement under the ASEAN Banking Integration Framework (ABIF) between Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) which was concluded in April 2019, banking institutions from Thailand and Malaysia are invited to indicate their interest to be a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Tech

Global fashion e-tailer Shein launches new hub in Singapore

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Shein has websites for Singapore, Indonesia, Thailand, Vietnam, and the Philippines and has plans to create a standalone website for Malaysia too.

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