Active Stocks
Fri Apr 12 2024 15:57:45
  1. Tata Steel share price
  2. 163.50 -1.00%
  1. NTPC share price
  2. 362.00 -0.32%
  1. ITC share price
  2. 430.10 -1.56%
  1. HDFC Bank share price
  2. 1,518.90 -1.10%
  1. State Bank Of India share price
  2. 766.75 -1.57%
Business News/ News / World/  'Have more babies': Singapore Prime Minister Lee Hsien asks citizens to add ‘little dragons’ to family
BackBack

'Have more babies': Singapore Prime Minister Lee Hsien asks citizens to add ‘little dragons’ to family

Singapore Prime Minister Lee Hsien Loong urged young couples to have more babies as the city state battles with a declining birth rate.

Singapore's Prime Minister Lee Hsien Loong attends a session of the ASEAN-Japan Commemorative Summit Meeting at the Hotel Okura Tokyo in Tokyo on December 17, 2023. (Photo by Kazuhiro NOGI / POOL / AFP) (Kazuhiro NOGI / POOL / AFP)Premium
Singapore's Prime Minister Lee Hsien Loong attends a session of the ASEAN-Japan Commemorative Summit Meeting at the Hotel Okura Tokyo in Tokyo on December 17, 2023. (Photo by Kazuhiro NOGI / POOL / AFP) (Kazuhiro NOGI / POOL / AFP)

Singapore Prime Minister Lee Hsien Loong encouraged young couples to have more children to counter the country's falling birth rate. Singaporeans are celebrating Chinese New Year on February 10-11, with an extra holiday on Monday since the festival falls on Sunday.

“Now is as good a time as any for young couples to add a ‘little dragon’ to your family," PTI quoted the premier as saying in his annual Lunar New Year message. 

Also Read: 21% of Singapore NRIs are influenced by global trends in investments, survey reveals

"So now is as good a time as any for young couples to add a 'little dragon' to your family," said the prime minister who celebrates his birthday on February 10. 

“One important element of family life is having and bringing up children. It is a great joy for parents to bring kids into this world, and to watch them learn and grow, reaching one milestone after another and growing up year-by-year," said Lee who was born in the year of Dragon in 1952.

Also Read: Indian-origin Singapore Transport Minister S Iswaran resigns over corruption charges

"Grandparents, like me, share this joy too. We dote and fuss over our grandchildren, helping the parents to bring them up and contributing our part in this journey filled with happiness, purpose and love," he said.

The dragon is a “symbol of power, strength and good fortune," Lee said as he acknowledged that having a baby would be a personal decision.

Also Read: Singapore health ministry issues travel advisory as COVID-19 cases rise

"Ultimately, couples will decide whether to have children for their own reasons. I hope more will decide to go ahead, and I am confident they will find parenthood a deeply rewarding and fulfilling journey," he added.

Drop in fertility rate

The prime minister mentioned that, globally, fewer babies were being born, with this trend especially noticeable in developed societies like Singapore. In 2022, Singapore saw its lowest ever birth rate of 1.05, even lower than the 1.1 and 1.12 rates in 2020 and 2021, respectively. 

Also Read: Bizarre! Singapore's entitlement certificate to own car is equal to buying 4 Toyota Camry Hybrids in US

Indranee Rajah, a minister in the Prime Minister's Office (PMO), explained in February 2023 that the year of the Tiger in the lunar calendar, which traditionally saw fewer Chinese births, contributed to this decline.

Singapore relaxed regulations on egg freezing and increased paternity leave to four weeks due to a historic low birth rate per woman in 2022. Similar challenges with declining fertility rates and aging populations are faced by South Korea, China and Japan.

(With agency inputs)

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 09 Feb 2024, 08:14 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App