States Times Review / Minister Ong Ye Kung spend a total of S$3 million subsidising shipping companies

States Times Review
States Times Review / Minister Ong Ye Kung spend a total of S$3 million subsidising shipping companies
States Times Review
States Times Review / Minister Ong Ye Kung spend a total of S$3 million subsidising shipping companies

Minister Ong Ye Kung is in charge of continuing education, skills upgrading for adults. Is it wrong for him to encourage workers to go trainings, especially those workers from those industries that may face uncertainties in job security?


Source:

  • http://www.straitstimes.com/singapore/union-offers-firms-12m-to-train-seafarersA union overseeing the interests of seamen will give local shipping companies $1.2 million over two years to encourage them to continue training seafaring cadets.

    The Singapore Maritime Officers’ Union will give companies $5,000 for each Singaporean trainee they employ under two training programmes to produce nautical deck officers and marine engineers for commercial ships.

    The move is to overcome any reluctance by the shipping industry to train staff as the economy is pummelled by strong headwinds.

    In announcing the training grant yesterday, Education Minister (Higher Education and Skills) Ong Ye Kung said the best time for companies to invest in human capital is often when economic conditions are tough, so that they are prepared when the economy picks up.

    It is also the best time “to strengthen the Singaporean core in the industry”, he added in his speech at the union’s annual Chinese New Year luncheon.

    The grant is expected to train 240 seamen under the two initiatives, the Tripartite Nautical Training Award and Tripartite Engineering Training Award.

    They are on top of around 300 Singaporeans already trained under the two programmes while working in 20 shipping firms.

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