NUS News

Training social workers to help needy families manage finances

A new Financial Capability and Asset Building curriculum is being developed by the Next Age Institute (NAI) at NUS Faculty of Arts and Social Sciences. It has been used in the US and NAI will work in collaboration with the Washington University in St Louis to adapt it to Singapore, where there has been no formal training in this area. The curriculum will be piloted with NUS social work undergraduates and about 100 social workers next year.

Significance of Budget 2017

Assoc Prof Tan Khee Giap, Co-Director of the Asia Competitiveness Institute at the Lee Kuan Yew School of Public Policy at NUS and Dr Wang Peng, Research Fellow also from the Institute opined that this year's Budget can be seen as a three-pronged approach by the Government to meet short term demands to relieve pressure and difficulties faced by Singapore, and to remain adaptable and competitive. It also highlights the Government's commitment to build a more caring and inclusive society.

Why does the world look to China in 2017?

Prof Zheng Yongnian, Director of the East Asian Institute at NUS, discussed that amid the political uncertainty in the West, the world is looking to China in the hope that it can become the new front-runner for globalisation. He opined that 2017 will be a political year for China as any changes in their internal affairs or foreign policies will have a major impact on the interests of other countries.

Funds to spur innovation, groom leaders

Minister of Finance Heng Swee Keat announced at the Singapore Budget 2017 that the Innovators Academy, one of the three programmes under the Global Innovation Alliance, will build on the NUS Overseas Colleges (NOC) programme, which connects and sends some 300 NUS students each year to start-ups overseas in the United States, Europe and Asia. Minister Heng noted that the NOC programme has helped many of these students start companies or pursue interesting careers, and the Innovators Academy will make these opportunities available to students from other Singapore universities.

Two Singaporeans who had turned their NOC experiences into success include Ms Gwendolyn Tan, Mashable director of Strategy & Business Development, Asia Pacific and Mr Mohan Belani, co-founder and CEO of e27, an ‘online marketplace’ curating IT products for start-ups.

Varsities open more places for non-academic talents

NUS, NTU and SMU will increase places for the discretionary admission scheme from 10 per cent to 15 per cent of their intake. This translates to about 1,050 places at NUS, 900 at NTU and 290 at SMU, or up to a total of 2,240 places, to be in line with the Government’s plan to increase the cohort participation rate to 40 per cent by 2020.

Motivational report that sets stage for an uncertain future

Professor Bernard Yeung, Dean and Stephen Riady Distinguished Professor at the NUS Business School, opined that the Committee on the Economy report released last week is an appropriate, timely, motivational and actionable document that sets the stage for a new chapter in Singapore’s growth and transformation. He believes that to be successful in the next chapter, we should conscientiously adopt a sense of responsibility and purpose in our careers when serving our organisations and society.

Debating the real cost of drinking water

Distinguished Visiting Professor Asit K Biswas and Dr Cecilia Tortajada, Senior Research Fellow at the Lee Kuan Yew School of Public Policy at NUS, applauded Singapore’s decision to raise water prices after 17 years. They noted that pricing can affect behaviour and underpriced or free water leads to very inefficient uses of water, including increased wastage.