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Facing an ageing nation, Selangor to launch economic policy by year's end

30 Aug 2024, 1:52 AM
Facing an ageing nation, Selangor to launch economic policy by year's end

By Suhaila Shahrul Annuar

SHAH ALAM, Aug 30 — The Selangor Care Economy Policy, expected to be launched this November, will form the crucial framework to address the challenges of an ageing nation.

State executive councillor for social welfare and women empowerment Anfaal Saari said the policy encompasses five main pillars related to the care economy sector involving children, women, and the elderly, thereby enhancing social well-being.

This planning is crucial as Selangor is expected to be among the first to face the challenges of an ageing state, with nearly 20 per cent of its population aged 65 and above.

"As the elderly population grows, the economy will slow down, accompanied by a declining fertility rate in the state. If there are fewer young people, how can we activate the economy? This is why we have established this policy.

“We see that when it comes to the elderly, for example, many economic activities can be developed, including care services, equipment, technological products, and applications that provide opportunities for companies in this field to contribute economically,” she told SelangorKini.

Anfaal added that the first draft of the policy would be reviewed next month, followed by engagement sessions with stakeholders to gather relevant feedback.

"In addition to the elderly, the policy will also cover other care sectors, including children and women," she said.

“Selain warga emas dasar berkenaan akan turut merangkumi sektor penjagaan lain termasuk kanak-kanak dan wanita,” katanya.

Previously, Anfaal said that five key elements are outlined within the care economy sector framework involving children, women, and the elderly in Selangor, namely advocacy and promotion, governance and regulation, trained workforce and caregivers, investment and collaboration, as well as innovation and technology.

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