How to educate for an uncertain world

SINGAPORE (Aug 23): The late scientist and author Carl Sagan told this story in his bestseller Cosmos. At the height of the excitement over space exploration, a newspaper editor commissioned a famous astronomer to write a 500-word article on whether there is life on Mars. The astronomer replied, via telegram, NOBODY KNOWS, NOBODY KNOWS… 250 times.

UOB Venture Management launching second Asia impact fund in 2H

SINGAPORE (June 10): UOB Venture Management (UOBVM) says it intends to roll out its second impact fund, the second series of the Asia Impact Investment Fund (AIIF II), to global institutional and accredited investors in 2H19.

Focused on Asia, the AIIF II will be a double bottom-line fund that aims to achieve both impact and financial returns. It intends to take minority stakes in investee companies, with equity investments ranging from US$1 million to US$15 million ($1.4 million to 20.5 million) each.

NGSC reports former directors to police over $1.1 mil of suspected unauthorised payments

SINGAPORE (June 4): NGSC says it has lodged a police report against two of its former directors for their alleged involvement in suspected unauthorised payments amounting to $1.1 million.

In a filing on Monday, the company says it is in the midst of “seeking legal advice on available courses of action” to recover these suspected unauthorised payments.

Humanity at core of education of society's future leaders

SINGAPORE (June 3): For the past 15 years, Li Yajun, also known affectionately as Nana to people around her, has given up the creature comforts of her home in Taiwan to spend nearly all her time in the remote villages in Nepal, working with and for the rural poor. In 2013, she set up a charity organisation, World Without Suffering, that works to develop better education and healthcare infrastructure in the poverty-stricken Himalayan country. Li has also galvanised support from her countrymen, including Taiwanese doctors, to volunteer in the communities.


Time to 'buy' MindChamps as growth initiatives bear fruit: RHB

SINGAPORE (May 27): RHB Research continues to keep MindChamps Preschool at “buy” at a lower target price of 83 cents compared to 87 cents previously, indicating a 26% upside plus 2.2% yield.

The reduced target price comes after cutting FY19-20F earnings by 7% and 11%, respectively, upon management indications that adopting SFRS 16 has negatively impacted the group’s 1Q19 pre-tax profit by about $90,000 or -15%.

MindChamps 1Q earnings grow 23% to $0.4 mil on the back of overseas expansion

SINGAPORE (May 14): MindChamps Preschool Limited announced earnings of $0.4 million for 1Q19, rising 23% from $0.3 million a year ago on higher revenue.

Revenue for 1Q grew 66% on-year to $10 million from $6 million previously – mainly due to a higher number of enrolled students from acquired preschool centres, which resulted in an increase in income from school fees.

Higher non-recurring franchise income and royalty income from the addition of franchisee-owned franchisee-operated centres (FOFOs) also helped to contribute to the group’s topline growth for the quarter.

Cautious Budget spending necessary for long-term planning: Heng Swee Keat

SINGAPORE (Mar 4): Singapore may have accumulated huge surpluses during the current term of government, but that does not indicate an upcoming spending spree. The surpluses will also not be used to stall an impending Goods and Services Tax hike due to happen from 2021 to 2025.

On Feb 28, in rounding up parliamentary debate on the broad fiscal principles of this year’s Budget, Finance Minister Heng Swee Keat explains that the planned increase in the Goods and Services Tax is necessary, and reiterated the government stance on saving for a rainy day.

DBS partners SMU to launch sustainability programme

SINGAPORE (Feb 12): DBS and Singapore Management University (SMU) have partnered on a first-of-its-kind comprehensive initiative in Southeast Asia that focuses on promoting and growing sustainability.

The DBS-SMU Sustainability Initiative includes the introduction of Singapore’s first sustainability major, as well as funding for sustainability research, scholarships, fellowships and community engagement.

Singapore ranks 13th globally for investments in education & health care, ahead of Japan

SINGAPORE (Sept 25): Singapore has risen 30 places over the last quarter-century to rank 13th among its global peers investing in education and healthcare in 2016, improving majorly from its 1990 ranking of 43rd.

This is according to the first internationally-comparable index of human capital by the Institute for Health Metrics and Evaluation (IHME) at the University of Washington, which offers a measure of expected human capital incorporating educational attainment, education quality/learning, functional health status, and survival for 195 countries from 1990-2016.

NTU jointly launches Dyson's first on-campus engineering studio in Asia for aspiring technopreneurs

SINGAPORE (Aug 27): Nanyang Technological University (NTU) and Dyson have jointly launched the Dyson-NTU Studio, an engineering studio that offers a semester-long undergraduate course module to NTU engineering students.  

Known as the Product Development Challenge module, the course will be guided by NTU professors and Dyson engineers, and is due to commence this academic year. It will see up to 20 students enroll each semester.

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