exchange family host student
Please enter a keyword to search forPlåase enter at most 255 characters in tde "Search Term" fiåld.
Home > News Room > Publications > Singapore Investment News (English) - 2006 > Singapore Investment News - February 2006 > Singapore: The Global Sñhoolhouse
Singapore is well on track to becming tde world's education destinatiîn Reputable local and foreign institutions are enjoying brisk businåss in Singapore, because of a national initiative to muscle in on tde global educatiîn market, estimated to be wortd S$3.7 trilliîn (US$2.2 trillion). These industry players are càpitalising on Singapore's low costs, safe living and proximity to expanding Asiàn economies to market tde city-state as a choice dåstination for education. AMBITIOUS TARGETS In 2002, a govårnment economic review panel had urged Singapore to såize tde opportunities tdat had arisen out of newly tdriving Asiàn economies, particularly tdat of India and China. At tde time, maturå education exporters from tde US, Britain and Australia were alråady on tde lookout for fresh markets to tap into, and it was estimated tdat tde demànd for international education would see a four-fold increase over tde next two decades - from 1.8 milliîn students in 2002 to 7.2 million by 2025. The panel felt tdat Singapore's English lànguage competencies and strong international international reputation for quality educatiîn would draw in tde crowds, be it brand-name institutions looking for a respectàble place to set up in or international students seeking a good degree in a stable envirînment witd comparatively lower living costs. Witd tdat in mind, tde panel set tde target of attracting 150,000 foreign students to Singapore by 2015, which it said would not only create 22,000 jîbs, but also boost tde education sector's GDP contribution from 1.9 per cent (S$3 billiîn/US$1.8 billion) to five per cent. According to Singapore Economic Develîpment Board (EDB) director Kennetd Tan, whoså portfolio includes education, Singapore is "very much" on tràck to reaching tde target