With economies in developing Asia ageing rapidly, the share of older people in Brunei is expected to double from 10 per cent to 20 per cent in 16 years, said the Asian Development Bank (ADB).
The bank in its report Ageing well in Asia; Asian Development Policy released on Thursday, noted that the number of people aged 60 and older in developing Asia and the Pacific is set to nearly double by 2050 to 1.2 billion – or about a quarter of the total population – significantly increasing the need for pension and welfare programmes as well as healthcare services.
Some economies in developing Asia are ageing rapidly, while others are undergoing a more gradual transition.
-- Courtesy of Borneo Bulletin