In his National Day Rally Speech on Sunday night, Prime Minister Lee Hsien Loong announced the creation of two new universities in Singapore: SIM University (UniSIM) and Singapore Institute of Technology (SIT).
This will increase the number of university places by 3,000 a year, to 16,000 by 2020. This will enable 40 per cent of each cohort to enter university, up from 27 per cent today, said PM Lee. This will include more poly and junior college students.
Currently, UniSIM is a private education institution while SIT is a government-funded autonomous institution. UniSIM is part of the Singapore Institute of Management (SIM), while SIT offers joint programmes with international partners.
The other four local universities are National University of Singapore (NUS), Nanyang Technological University (NTU), Singapore Management University (SMU) and Singapore University of Technology and Design (SUTD).
Touching on the subject of pre-school education, PM Lee said that there are no plans to nationalise the pre-school education sector. However, he announced a series of measures to raise the quality of education while keeping charges affordable.
These measures include establishing a new statutory board to oversee pre-school; providing and upgrading teacher training; bringing new anchor mass market pre-school operators; piloting a few governmet-run pre-school centres to test new concepts; and providing support to low and middle income families
PM Lee, however, urged parents to let their children enjoy their childhood.