logo
A better way to prepare for ageing society

A better way to prepare for ageing society

It looks like Malaysian men are no longer rising to the occasion, but the government thinks a little incentive can help.
Women, family and community development minister Nancy Shukri says the drive to raise fertility rate among Malaysians will now focus on men.
According to Nancy, men should realise that women are not entirely to blame for the drop in the number of new babies, so a 'celebrity' doctor would be brought in to help raise awareness.
She also wants to offer in-vitro fertilisation and fertility services through the National Population and Family Development Board to both men and women.
Nancy's concerns are valid. If the decline in birthrate and extension in life expectancy continue at the current rate, Malaysia will become an ageing society by 2030.
That puts the burden of supporting a higher number of elderly family members on a lower number of children.
Healthcare costs for elderly people amounted to RM3.8 billion, or 0.34% of the GDP in 2014, or 8% of the total health expenditure.
This is projected to rise to RM21 billion, or 1.08% of GDP, by 2040. If the trend continues, it will lead to burnout or financial stress on the younger people.
There are ways to overcome this. The government could provide greater incentives for people to have more children, encourage older people to stay longer in the workforce, or both.
It is unclear what Nancy's 'celebrity' doctor will do, but inducing desire would be a start. This means getting young people to not only tie the knot and start a family at an earlier age, but to have more children, too.
Ideally, the birthrate should rise to 2.1, which is the replacement level, from 1.7 currently. But this is unachievable when people are marrying and starting families at an increasingly older age.
The average age at which a woman has her first child has risen from 25.6 years in 1980 to 27.9 years in 2022 and expected to hit 30 by 2030.
Many women have even opted not to have children in pursuit of other priorities, such as career advancement.
Rapid urbanisation also seems to be a factor, going by the fact that Penang and Kuala Lumpur, the country's biggest urban centres, also have the lowest fertility rate at 1.2, compared with largely rural Terengganu, where the rate is 2.9, well above the replacement level.
Raising a child is getting more challenging. The extended family environment is a thing of the past, so depending on grandparents, uncles and aunts to watch over the children is no longer an option.
To keep the replacement rate up, a change in mindset is essential.
There must be a new support system to help young families meet the challenges of juggling between professional pursuits and the domestic responsibility of childcare.
Offering childcare facilities at the workplace is a good start, but few companies in Malaysia are prepared to invest in this despite the fact that it helps to retain employees.
Extending maternity leave is also a step forward. Norway is way ahead of the rest of the world here. In this Nordic country, new mothers get 54 weeks off at 96% pay. Perhaps our Social Security Organisation (PERKESO) can offer a similar benefit.
At the other end of the spectrum, raising the retirement age can help people stay financially independent for longer, and for those who are already out of the workforce, an improved retirement plan can ease the burden on their children.
As former Swedish PM Fredrik Reinfeldt said at the Employees Provident Fund's (EPF) International Social Wellbeing conference this week, keeping people in the workforce until they reach the age of 75 would align with the longer life expectancy.
At the same conference, the retirement fund's CEO Ahmad Zulqarnain Onn acknowledged that the retirement system must evolve to match the reality that life expectancy has increased.
At best, offering free in-vitro fertilisation and fertility services to men and women is only part of the solution.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

AGC denies ‘flawed prosecution' claims after Najib's DNAA in second SRC case, delays due to overlapping cases
AGC denies ‘flawed prosecution' claims after Najib's DNAA in second SRC case, delays due to overlapping cases

Malay Mail

time32 minutes ago

  • Malay Mail

AGC denies ‘flawed prosecution' claims after Najib's DNAA in second SRC case, delays due to overlapping cases

KUALA LUMPUR, June 21 — The Attorney General's Chambers (AGC) has dismissed as baseless allegations that it carried out a 'flawed prosecution' in the second SRC International Sdn Bhd case involving Datuk Seri Najib Tun Razak. In a statement, the AGC reiterated its firm commitment to upholding the rule of law and stated that it would continue to fulfill its responsibilities under the Federal Constitution with integrity, fairness and respect for the judicial process. However, the AGC acknowledged the decision by High Court Judge K Muniandy to grant Najib a discharge not amounting to an acquittal (DNAA) on three charges of money laundering involving RM27 million in funds from the company. 'The case was registered in the High Court on Feb 7, 2019, and scheduled for trial on five occasions: June 2020, July to August 2021, March to April 2022, September 2024 and April to May 2025. 'However, all trial dates were postponed due to the Movement Control Order caused by the Covid-19 pandemic, requests by the defence, or applications by the prosecution itself,' the statement read. According to the statement, the prosecution's requests for postponement were due to the ongoing trial of the first SRC case, which proceeded at the High Court, Court of Appeal and Federal Court until its completion on March 31, 2023. At the same time, the trial proceedings for the 1Malaysia Development Berhad (1MDB) case had also begun while the first SRC case was still ongoing. 'Both cases involved overlapping material documents required for the second SRC trial. 'As these documents were critical to the second SRC case, the prosecution had no choice but to wait until they were available, which was until the 1MDB trial proceedings were completed. 'It must be emphasised that the material documents are available but are currently being used as evidence in the ongoing 1MDB trial,' the AGC said. The AGC further stated that the prosecution had requested additional time to gather all relevant material documents to be presented as evidence in the second SRC trial. 'This delay was not intentional but was to ensure the integrity of the documents as evidence in the trial is preserved,' the statement read. Earlier today, Judge Muniandy, in granting Najib a DNAA on the three charges, stated that the case had been pending for six years since 2019, without any witness testimony being presented, having faced multiple postponements, which indicated that the prosecution was not ready to proceed with the trial. On Feb 3, 2019, Najib claimed trial to three charges of money laundering by accepting illegal proceeds amounting to RM27 million through his three AmPrivate Banking accounts at AmIslamic Bank Berhad, AmBank Group Building, Jalan Raja Chulan on July 8, 2014. The former Pekan MP was charged under Section 4 (1) (a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, which is punishable by a maximum fine of RM5 million or imprisonment of up to five years, or both upon conviction. Najib is currently serving a jail term in Kajang Prison for the misappropriation of RM42 million in the SRC International funds case. On Sept 2, 2022, he filed a petition for a royal pardon, which led to the Pardons Board halving his jail term from 12 to six years and reducing the fine from RM210 million to RM50 million on Jan 29, 2024. — Bernama

Saifuddin Nasution heads list of 1,015 honoured in Sabah governor's 74th birthday, Fuziah to also get ‘Datuk'
Saifuddin Nasution heads list of 1,015 honoured in Sabah governor's 74th birthday, Fuziah to also get ‘Datuk'

Malay Mail

time33 minutes ago

  • Malay Mail

Saifuddin Nasution heads list of 1,015 honoured in Sabah governor's 74th birthday, Fuziah to also get ‘Datuk'

KOTA KINABALU, June 21 — Home Minister Datuk Seri Saifuddin Nasution Ismail heads a list of 1,015 recipients of state honours in conjunction with the 74th official birthday of the Yang Dipertua Negeri of Sabah, Tun Musa Aman. Saifuddin Nasution was conferred the Seri Panglima Darjah Kinabalu (SPDK), which carries the title 'Datuk Seri Panglima'. Also receiving the SPDK were Sabah Rural Development Minister Datuk Jahid Jahim, as well as businessmen Datuk Ahmad Fuad Md Ali and Datuk Lim Yu Ming. Domestic Trade and Cost of Living Deputy Minister Dr Fuziah Salleh and Tourism, Arts and Culture Deputy Minister Khairul Firdaus Akbar Khan were among the 78 recipients of the Panglima Gemilang Darjah Kinabalu (PGDK) award, which carries the title of 'Datuk'. Other PGDK recipients include Senator Anna Bell @ Suzieana Perian, Labuan MP Dr Suhaili Abdul Rahman, Kapayan assemblyman Jannie Lasimbang, and Pantai Manis assemblyman Mohd Tamin Zainal. Among the other recipients were Kota Kinabalu High Court Judge Alexander Siew How Wai; Head of the Internal Security and Public Order Department, Sabah Police Contingent Headquarters, SAC Abdul Fuad Abdul Malek; and Head of the Special Branch, Sabah Police Contingent Headquarters, SAC Abdul Rahman Ishak. Also conferred the Panglima Gemilang Darjah Kinabalu (PGDK) were Commander of the 13th Infantry Brigade, Brig Gen Jagjit Singh Indar Singh; Sabah State Health Department Director, Dr Maria Suleiman; Sabah Parks Director, Dr Maklarin Lakim; Football Association of Malaysia President, Mohd Joehari Mohd Ayub; and Sabah Islamic Religious Council Chief Executive Officer, Ramlan Awang Ali. A total of 274 individuals were conferred the Ahli Setia Darjah Kinabalu (ASDK), 181 received the Ahli Darjah Kinabalu (ADK), 248 the Bintang Setia Kinabalu (BSK), 285 the Bintang Kinabalu (BK), 109 the Perkhidmatan Terpuji award, and 10 were bestowed the Jaksa Pendamai (Justice of the Peace) title. Three Malaysian National News Agency (Bernama) Sabah Bureau staff were also honoured, namely seasoned journalist Emin Madi, who was conferred the PGDK; Sabah Bureau Chief Fadzli Ramli, who received the ADK; and photographer Zamain Singkui, who was awarded the BSK. Tun Musa Aman is scheduled to officiate the investiture ceremony at Istana Seri Kinabalu today. — Bernama

Dr Wee: Top brass will weigh grassroots' views on future of MCA
Dr Wee: Top brass will weigh grassroots' views on future of MCA

The Star

time2 hours ago

  • The Star

Dr Wee: Top brass will weigh grassroots' views on future of MCA

KUALA LUMPUR: MCA's top leadership will take into account feedback from the grassroots before making any decision on the party's future direction, says party president Datuk Seri Dr Wee Ka Siong. He was responding to resolutions passed unanimously by several MCA divisions during their annual general meetings calling for Barisan Nasional (BN) to be dissolved. MCA's 191 divisions are currently holding meetings to propose resolutions on the party's future. The resolutions urged the party to transform itself into an independent national political entity and contest future general elections under the MCA logo. They also firmly rejected any form of political cooperation with DAP. Dr Wee said the MCA Central Committee would carefully consider the views expressed by grassroots members. 'The party leadership will listen to the voices on the ground. I myself have visited several states to engage with members and hear their views. (Left to Right) Datuk Seri Dr Wee Ka Siong, Michael Soo and Raphael Tay delivering a special address and attending the book launch of Malaysia Business Law Review at a talk on Navigating the Impact of Tariffs on China-Malaysia Trade. — AZLINA ABDULLAH/The Star 'When the time comes to decide, the Central Committee will make its decision,' he said after attending the Malaysian Business Law Review book launch yesterday. Dr Wee said June is the month when MCA state-level divisions hold their annual general meetings, and these provide a good opportunity to gauge wider sentiments. Dr Wee stressed that while the leadership respects the grassroots members' views, the party's immediate focus is preparing for the upcoming state elections. 'With a few state polls approaching, MCA's priority now is to be well-prepared for those contests,' he said. All MCA divisions across the peninsula and in Sabah are currently convening for their annual general meetings (AGMs), with state-level AGMs scheduled for next month. The party does not have a presence in Sarawak. However, Barisan chairman Datuk Seri Dr Ahmad Zahid Hamidi in an earlier statement said he was confident that MCA would remain in the coalition, despite possible calls within the party to push for a departure. Meanwhile, on the tariffs imposed by the US administration on Malaysian goods, Dr Wee, who is also Ayer Hitam MP, said the three-month grace period would end on July 9. 'Only then will we fully understand the extent of the impact. Negotiations are ongoing, and I wish Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, who is currently in Washington DC leading the talks, and the Malaysian delegation all the best,' he said. Dr Wee pointed out that Malaysia's trade deficit with the US stands at just 5.6% – a far cry from the 47% figure previously cited by American officials. 'There is a significant disparity in the data. Dialogue is the way forward that would serve the interests of both nations.' Malaysia faces a 24% tariff on certain exports to the US unless both sides can reach an agreement before the 90-day pause. Separately, Prime Minister Datuk Seri Anwar Ibrahim revealed that ongoing negotiations with the US over its unilateral tariffs are progressing well. Earlier, Dr Wee officiated the launch of the Malaysian Business Law Review, a joint publication by RDS Partnership and DeHeng Law Office. The book aims to provide Chinese investors with accessible, Mandarin-language insights into Malaysia's business legal landscape. He said the book's focus on key areas such as corporate law, intellectual property, taxation and employment law makes it a valuable reference for investors. 'The use of Mandarin enhances accessibility for Chinese-speaking legal professionals and helps position Malaysian legal perspectives within the broader Belt and Road legal discourse,' he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store