SUPPORT FOR HIGHER LEARNING Schools
Mr. Wong praised the significance of higher education institutions in lifelong learning, and proposed that the Singapore Universities Trust be extended by ten years to support fundraising efforts by younger autonomous universities like the Singapore University of Social Sciences ( SUSS) and the Singapore Institute of Technology.
The trust was established in 2010 to support automatic universities in raising their endowment funds by offering related grants for donations over the course of 20 years.
Additionally, the government will help SUSS build a new town college. The government and the country’s sixth school, which is now run out of rented space, were previously reported to be in talks for a strategically located campus it could call its own.
On Tuesday, Mr. Wong stated,” This will help SUSS to promote lifelong learning and offer programs with a strong cultural emphasis at an visible location in the city for trainees of all ages.”
HELPING ENTERPRISES TO TRANSFORM THEIR Labor
To help companies train their labor, new and improved techniques will be introduced.
The SkillsFuture Workforce Development Grant does add to the present initiatives being managed by Workforce Singapore and SkillsFuture Singapore. The new grant will support work makeover actions by providing up to 70 % funding in addition to easing the application process for businesses.
The SkillsFuture Enterprise Credit program, which helps employers pay out-of-pocket costs for business and workplace conversion, may be revamped. Now, companies had paid upfront for personnel training and get insurance. According to Mr. Wong, some businesses are unaware of the scheme’s use and are also unaware of its use.
Companies can check their credit balance and instantly offset eligible workforce transition costs by repurchasing the scheme’s design, which will make it” an online wallet.”
Companies with at least three residing employees may receive an additional S$ 10, 000 in certificates, which are renewable for three years, starting in the second quarter of 2026. Existing funds, initially set to expire this June, will become extended until the fresh funds are made accessible.