Update on Global Schoolhouse Initiative Given Recent Private School Closures
Ministry of Trade and IndustrySpeakers
Summary
This question concerns an update on the Global Schoolhouse initiative requested by Mr Leon Perera following several private school closures in recent years. Parliamentary Secretary Low Yen Ling explained that the Private Education Act of 2009 was introduced to raise quality standards, resulting in a consolidation of 295 registered institutions by 2016. She noted that the initiative successfully attracted global institutions like INSEAD and ESSEC to enhance Singapore's talent ecosystem through specialized business and executive programs. Consequently, the Economic Development Board has shifted its focus toward collaborating with locally-based institutions and companies to cultivate industry-relevant talent. These ongoing efforts aim to build a robust ecosystem that allows companies to more effectively access, develop, and deploy talent within the local landscape.
Transcript
15 Mr Leon Perera asked the Minister for Trade and Industry (Industry) whether he can provide an update on the Global Schoolhouse initiative in light of the large number of private school closures in recent years.
The Parliamentary Secretary to the Ministers for Trade and Industry (Ms Low Yen Ling) (for the Minister for Trade and Industry (Industry): Mdm Speaker, in 2009, the Private Education (PE) Act was introduced to raise quality and standards in the PE sector and prevent egregious practices. There has been some consolidation in the PE sector after the introduction of the PE Act.
As at 2016, there were 295 Private Education Institutions (PEIs) registered with the Committee for Private Education, which was formerly known as the Council for Private Education. The number of registered PEIs has remained relatively stable over the past few years with some level of restructuring, as the PE sector continues to adapt to better serve the needs and interests of prospective students.
EDB launched the Global Schoolhouse initiative in 2002 to enhance the scope and diversity of Singapore's education landscape. It attracted leading institutions to set up in Singapore and collaborate with our local institutions to strengthen Singapore's talent ecosystem. These include global business schools, such as INSEAD and ESSEC Business School, which offer Master of Business Administration (MBA) and Executive MBA courses, open enrolment programmes for executives, as well as customised programmes that are tailored to companies' business needs.
As the quality and diversity of Singapore's tertiary education landscape have increased over the years, EDB has shifted its focus towards working with locally-based education institutions and companies to develop industry-relevant talent. Through these efforts, we aim to build a robust ecosystem where companies can readily access, develop and deploy talent.