Daily Archives: 2019-08-07

Valuation of unlisted assets considered in reviewing GIC and Temasek portfolio risks: Second Minister for Finance Lawrence Wong

The government takes into account the valuation of unlisted assets in GIC and Temasek such as private equity, infrastructure, and real estate when reviewing the overall risks of its whole portfolio of assets, said Minister for National Development and Second Minister for Finance Lawrence Wong on Tue (6 Aug). Responding to a Parliamentary question from Workers’ Party (WP) Member of Parliament (MP) …

Read More »

Government to start regulating ride-hailing services like Grab and Go-Jek in 2020, from licenses to fares

The government will start regulating ride-hailing apps under the new P2P Passenger Transport Bill that was passed just yesterday (6 August). Senior Minister of State for Transport Dr Janil Puthucheary announced in Parliament just before the bill was passed that the 45,000 vehicles under ride hailing apps such as Go-Jek, Grab and Ryde will eventually come under the new regulatory …

Read More »

How much Singapore spends on scholarships for foreign students compared to other countries?

We recently wrote about the government spending approximately S$238 million on scholarships and tuition grants for foreign students attending schools and autonomous universities in Singapore. Minister of Education Ong Ye Kung said in Parliament that of the S$238 million, about S$130 million is spent on scholarships for foreign students in schools and autonomous universities while another S$108 million is spent on tuition …

Read More »

Minister Masagos Zulkifli says Singapore needs to continue building its recycling capabilities, but is the Government actually doing much about it?

Minister for the Environment and Water Resources Masagos Zulkifli revealed on Tuesday (6 August) that around 30% of Singapore’s recyclable waste was exported overseas last year, and the remaining 60% are processed locally. “In 2018, about 30% of recyclable material, such as paper, plastics, glass and metal, was exported to countries including Australia, China, India, Indonesia, Malaysia, South Korea, and …

Read More »

NUS seeks to attract overseas Singaporean academics via grant — but many professors previously left due to high research output requirements

The National University of Singapore (NUS) is offering a S$200,000 grant to overseas Singaporean academics seeking to return to the country and to join the university as pre-tenure assistant professors, said Education Minister Ong Ye Kung on Tue (6 Aug). Speaking at the inaugural Singaporean Researchers Global Summit held at the Regent Singapore, Mr Ong said that the grant, half …

Read More »

MOE says 1.8% of budget spent on scholarships and tuition grants for foreign students – that’s about 9% of what is spent on universities

Minister of Education Ong Ye Kung said in Parliament (5 August) that the government spent about $238 million in scholarships and tuition grants for foreign students. The Education Minister revealed that of the S$238 million, the government spends about $130 million on scholarships and about S$108 million on tuition grants for foreign students. In his replies to questions from Workers’ …

Read More »

Jack Sim: I’m proud of my country Singapore for good reasons

by Jack Sim My National Day message for 9 August. I’m proud of my country Singapore for good reasons. Born 1957, I grew up in a slum living in an attap house . Most citizens were poor and our GDP per capita was USD 500 a year same as Mexico and South Africa on our first National Day in 1965. …

Read More »