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Tag: population

  • Bangkoks Ultra-Rich Population on Pace to Lead Southeast Asias Wealth Boom

    Bangkoks Ultra-Rich Population on Pace to Lead Southeast Asias Wealth Boom

    Bangkok is emerging as Southeast Asia’s most dynamic hub for ultra-high-net-worth (UHNW) individuals, illustrating Thailand’s increasing allure for global wealth despite ongoing economic and geopolitical instability. The UHNW populace in Thailand’s capital is anticipated to expand to approximately 1,840 by 2030, up from 1,210 in 2025. This growth represents a surge of over 50%, equating to an average yearly increase of 8.7%.

    In 2025, Thailand recorded 2,090 UHNW individuals, with 1,210 primarily residing in Bangkok. UHNW individuals are classified as those possessing net assets exceeding US$30 million. This predicted growth positions Bangkok as the twelfth fastest expanding major UHNW city globally among the 100 largest urban economies by nominal GDP, rendering it the quickest growing wealth center in Southeast Asia, surpassing Jakarta.

    Bangkok’s Wealth Creation: A Unique Blend

    Bangkok’s wealth generation is notable not just for its speed but also for its unique blend of robust domestic entrepreneurship and increasing international appeal. Predictions suggest that, among major global cities, Bangkok will experience one of the swiftest increases in its ultra-wealthy population over the next five years. This growth will further consolidate its position as an emerging global wealth center.

    Most UHNW individuals based in Bangkok are self-made entrepreneurs. However, many benefitted from inherited capital during their businesses’ early development stages. The global UHNW population reached an all-time high of 556,850 individuals in 2025, a 14.4% rise from the previous year. This growth marked the second successive year of double-digit expansion and the strongest growth since 2017.

    In Asia, Hong Kong has the highest number of UHNW people, with 18,290, ranking second only to New York globally, which boasts 23,785 individuals. By 2030, the global UHNW population is expected to reach 746,570, with total wealth swelling to $85 trillion.

    Questions & Answers

    What is the projected number of ultra-high-net-worth individuals in Bangkok by 2030?
    The number of ultra-high-net-worth individuals in Bangkok is predicted to rise to about 1,840 by 2030, up from 1,210 in 2025.

    What factors contribute to Bangkok’s wealth generation?
    Bangkok’s wealth generation is characterized by robust domestic entrepreneurship and an increasing international appeal, making it a global wealth center.

    How does Bangkok’s ultra-high-net-worth population growth compare globally?
    Bangkok is projected to have the twelfth fastest-growing major ultra-high-net-worth population among the 100 largest urban economies by nominal GDP. This places it as the quickest growing wealth center in Southeast Asia.

  • Indonesias Ultra-Rich Population Soars, Poised for Fastest Global Growth

    Indonesias Ultra-Rich Population Soars, Poised for Fastest Global Growth

    In Southeast Asia, Indonesia holds the second position in terms of inhabitants who possess a net worth of US$30 million or more, according to a recent report. Projections anticipate that this figure will nearly double within the next five years. Presently, the country boasts 3,833 ultra-high net worth individuals, marking a 37% increase since 2021.

    Global Wealth Growth

    By the year 2031, the number of ultra-high net worth individuals in Indonesia is forecasted to spike by 82%, reaching 6,966. This growth signifies the fastest expansion rate globally. Indonesia is one of the rapidly maturing economies expected to take the lead in the global ultra-high net worth population’s growth over the subsequent five years.

    Singapore currently holds the top spot in Southeast Asia for its population of ultra-high net worth individuals, tallying at 7,171. Thailand follows in third place with 2,853, trailed by the Philippines (1,910), Malaysia (1,566) and Vietnam (1,233).

    The wider Asia-Pacific area accounts for almost 31% of the world’s ultra-high net worth population. This percentage is second only to North America, which holds 37%.

    The U.S. and China: Global Leaders

    On a worldwide scale, the U.S. and China hold the lead in terms of ultra-high net worth populations, with more than 251,300 and 121,600 individuals respectively. Moreover, the U.S. also takes the reins regarding wealth creation, constituting approximately 41% of the newly minted ultra-wealthy over the past five years.

    Questions & Answers

    Which country in Southeast Asia has the highest number of ultra-high net worth individuals?
    Singapore currently holds the highest number in Southeast Asia, with a total of 7,171 individuals.

    What is the predicted growth in the number of ultra-high net worth individuals in Indonesia by 2031?
    By 2031, the number of ultra-high net worth individuals in Indonesia is expected to surge by 82%, reaching 6,966.

    Which countries lead globally in terms of the ultra-high net worth population?
    Globally, the U.S. and China lead with more than 251,300 and 121,600 individuals, respectively.

  • India generated the highest growth rate in Asia-Pacific

    India generated the highest growth rate in Asia-Pacific

    In January, passenger traffic across Asia-Pacific recorded a +4.4% increase whereas the Middle East reported a small reduction of -0.4% compared to the same period last year. This month’s traffic was largely distorted by the later timing of Chinese New Year (CNY) compared to last year, resulting in slower growth in many countries for the month.

    India generated the highest growth rate in the Asia-Pacific region at approximately +15% in January, backed by robust domestic demand. India’s domestic sector has experienced a period of high growth since 2015 and continued to have strong momentum. Among the top 10 airports driving domestic passenger traffic volume in January seven came from India. Led by: Delhi (DEL) +12.6%, Bangalore (BLR) +19.8% and Hyderabad (HYD) +24.8%.

    The shifting timing of CNY has resulted in China’s growth slowed to approximately +2% in January. The busiest airports in the country all reported small decline or marginal increase for the month: Beijing (PEK) -0.4%, Shanghai Pudong (PVG) +0.3%, Guangzhou (CAN) +0.7%.  Passenger traffic is expected to rebound significantly for China in February 2018.

    Elsewhere in the region, vibrant international passenger travels benefited a number of markets in driving volume increase for the month. Top runners were: Seoul Incheon (ICN) +8.2%, Kuala Lumpur (KUL) +4.9%, and Bangkok Don Mueang (DMK) +7.4%.

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  • IMF warns Asia to act early on rapidly-aging population

    IMF warns Asia to act early on rapidly-aging population

    Asia has enjoyed substantial demographic dividends, but the growing number of elderly is set to create a ‘tax’ on growth. The International Monetary Fund called on Asian economies to learn from Japan’s experience and act early to cope with rapidly ageing populations, warning that parts of the region risk “getting old before becoming rich.”

    Asia has enjoyed substantial demographic dividends in the past decades, but the growing number of elderly is set to create a demographic “tax” on growth, the IMF said in its economic outlook report for the Asia-Pacific region on Tuesday.

    “Adapting to aging could be especially challenging for Asia, as populations living at relatively low per capita income levels in many parts of the region are rapidly becoming old,” the report said. “Some countries in Asia are getting old before becoming rich.”

    The population growth rate is projected to fall to zero for Asia by 2050 and the share of working-age people – now at its peak – will decline over the coming decades, the report said.

    The share of the population aged 65 and older will increase rapidly and reach close to two-and-a-half times the current level by 2050, it said.

    That means demographics could subtract 0.1 percentage point from annual global growth over the next three decades, it said.

    In Vietnam, people aged 60 or older currently represent about 10.5 percent of the country’s population of over 90 million, according to official data.

    Vietnam’s golden population is estimated to last about 30 years from 2010 to 2040. But due to a lower birthrate and longer life expectancy, Vietnam is aging rapidly and the working-age population is shrinking.

    Labor officials have warned that Vietnam’s working-age population will shrink so quickly that by 2030 one in six Vietnamese will be over 60 years old, and one in four of the population will be 60 or older by 2060.

    The challenges are particularly huge for Japan, which faces both an ageing and shrinking population. Its labor force shrank by more than 7 percent in the past two decades, the IMF said.

    The high percentage of its citizens living on pensions may be behind Japan’s excess savings and low investment, which are weighing on growth and blamed in part for keeping inflation below the Bank of Japan’s 2 percent target, the report said.

    “Japan’s experience highlights how demographic headwinds can adversely impact growth, inflation dynamics and the effectiveness of monetary policy,” it said.

    The IMF called on Asian nations to learn from Japan’s experience and deal with demographic headwinds early, such as by introducing credible fiscal consolidation plans, boosting female and elderly labor force participation, and revamping social safety nets.

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  • Indonesia faces increasing senior-citizen population

    Indonesia faces increasing senior-citizen population

    Indonesia is facing the problem of a growing number of elderly people who are expected to reach over 32 million in the next two decades.

    Indonesia’s elderly in 2010 was 4.9 percent of the population, or 11,878,236 people. This number is projected to increase to 10.8 percent, or 32,112,361 people in 2035.

    Senior researcher Sukamdi of the Center for Population and Policy Studies (PSKK) of the Gadjah Mada University (UGM) said the country is actually going to face a big problem.

    “The same issue also occurs in other countries such as Japan. However, there is no awareness of the fact we have a big problem with the elderly. In my view, Indonesia has not shown a sufficient response to the problem of the elderly,” Sukamdi said on the UGM campus on Saturday.

    The data at the UGMs PSSK on Indonesias Population projections from 2010 to 2035 indicate the percentage of the elderly population will increase to 100 percent, he said.

    The postproductive age group or age older than 65 years, has now become an important issue because it could become a potential or expense in the human life cycle as a whole, according to him.

    “If in the current productive age a person, he or she, is capable of saving, then when he or she becomes older or no longer productive in terms of the economic aspect, he or she will not become a burden to the state,” he said.

    Anyone being old or being elderly will face three gaps, he said.

    First, the geographical gap, namely, the relationship or the physical encounters between parents and children, will be increasingly rare, he said.

    Second, the cultural gap, namely, the differences in perspectives and values between parents and children.

    Third is the economic gap.

    “The third gap is being faced increasingly by the elderly. We heard the news yesterday, that in Condong Catur there was an elderly person who died but it was only five days later that the family and neighbors came to know. This is just one example, but in fact there have been several similar cases,” Sukamdi said.

    Regarding the elderly, the Office of the High Commissioner for Human Rights strives to ensure that neglected population groups are given space and weight in the human-rights agenda, and that governments take all measures required to protect and promote their human rights.

    The Indonesian government, through the Ministry of Social Affairs, has prepared the Assistance for the Elderly but for the time being it has reached only 30,000 neglected elderly.

    In November 2016 the assistance will reach 125,000 neglected elderly over 70 years by involving them in the Family Hope Program (PKH) in order to receive 200,000 rupec per month, each.

    With the Family Hope Program, the social affairs minister says the government will reach 155,000 needy elderly, although the number is still far from the overall number of neglected elderly.

    Currently, the overall number of neglected elderly is recorded at 1.8 million, and 1.6 million of whom are potentially displaced in the face of the demographic bonus, expected to lead to a positive impact on economic development and progress in the field of agriculture and industry.

    In the meantime, all Asean member countries are facing the same social issues related to the social welfare of children, the elderly and persons with disabilities.

    “The Asean countries, including Indonesia, are dealing with issues connected to the protection of children, elderly and disabled,” Social Affairs Minister Khofifah Indar Parawansa said at the ninth Asean Regional Meeting on Development and Social Welfare in Jakarta late last month.

    Earlier, Khofifah, along with several of her counterparts from the Asean countries and China, Japan and South Korea, discussed many such social problems.

    The minister said the Asean countries are facing a variety of issues related to children, including the problem of online pornography. A proposal to stem this problem has been initiated Malaysia with a proposal.

    “There was a recommendation at a meeting about children held last June in Vietnam. Many countries are facing such problems, as also those related to protection of abandoned children,” Khofifah noted.

    She said inputs given by Asean and three Asian countries which participated in the meeting emphasized the importance of checking child trafficking and ensuring childrens education, including quality standards in early childhood education and parenting.

    Most Asean countries will have a large number of the elderly people, and, therefore, should take measures to facilitate them in their daily life, especially those who are active and productive.

    “Some programs have been carried out well in Japan, China and South Korea and will be a basis to strengthen cooperation among the Asean and the three countries on the issue,” the minister concluded.

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  • Alibaba drive perks up China sperm donations

    Alibaba drive perks up China sperm donations

    Alibaba has used the internet to revolutionise China’s retail, banking and transport markets, and now the ecommerce juggernaut has turned its attention to the country’s sperm shortage.

    Amid spiralling infertility rates, sperm banks across China have been running dry. Worsening environmental conditions and hectic work schedules have taken their toll on male fertility in China, experts say.

    According to a 2012 study by the China Population Association, a state agency, 12.5 per cent of Chinese couples are infertile.

    Enter Alibaba, whose Groupon-like website Juhuasuan markets everything from underwear to insurance. The ecommerce group’s move into boosting sperm donation features a banner advertisement with a phallic cartoon candle exploding into a white cloud, bearing the Chinese character for “semen” in bold lettering.

    “Avid concentration” the ad reads, with a pun on the character jing which in Chinese means both mind and sperm. During the donation drive, Alibaba offered payments of up to $800 for successful sperm donations.

    Posted between July 15-17, the campaign garnered 22,000 new registrants for the seven participating provincial sperm banks — equivalent to nearly a year’s worth of traffic for some of the centres.

    “This exceeded all expectations,” said Wang Zhiqiang, director of the state sperm bank for Guanxi province. “On average, we get about 300 donors a year, but during the three days of the Juhuasuan event, more than 1,000 people signed up. Assuming 20 per cent of them will donate, that is 200 new donors.”

    The mismatch in supply and demand for sperm has prompted donation centres to overcome many taboos in tradition-bound China. In April, the shortage had become so dire in Hubei province that the regional sperm bank turned to Weibo, China’s equivalent of Twitter, to broadcast: “Stop wasting all that tissue paper!”

    “Under-achievers! This is your opportunity! Hubei Sperm Bank is badly in need of sperm,” it said.

    The shortage of sperm donations is partly caused by stringent requirements for donors — roughly one in five is acceptable — but mainly because men in China have “shyness about such topics”, according to Mr Wang. “We mainly try to get recruits by passing out flyers and holding awareness seminars, but we do not get enough qualified men.”

    But Alibaba has made a speciality out of taking dysfunctional markets and overcoming everything from supply bottlenecks to onerous government regulations to low demand — it has done so in areas such as finance and taxis.

    Matching sellers with the masses of online traffic is the company’s speciality, usually combining with a bit of fun, marketing savvy, big data and, most importantly in the case of sperm donation, anonymity.

    “People feel shy and embarrassed when we meet them face-to-face,” said Mr Wang. But he said that marketing via the internet added a layer of privacy that makes previously forbidden topics acceptable.

    “Online, when they don’t have to face a human being, they are more comfortable, and this is a major reason why this project is a success,” he said, adding: “We don’t know whether they will actually come in or not.”