UNSW call it quits after 3 months, $250million wasted
-
Words and phrases found from their template databases when things go wrong:Originally posted by (human):The Straits Times May 26 2007
Mr Tharman, speaking to reporters on the sidelines of the annual pre-University seminar that ended yesterday, said that on the whole, the push to become an education hub was going well, with quite a few institutions setting up here.
"Let's carry on, see what lessons we can learn along the way." -Education minister Tharman Shanmugaratnam
$250m lesson not very big right?
"Let's move on."
-
Everything is about money here.Originally posted by laurence82:quality of educaton gives way to $$$$$ considerations
sigh
You think their policies are for the benefit of Singaporeans? -
Sort of agreed that our leaders cannot run first world country. Neither can they cope with globalisation. Looking at the trouble that Temasek has got into with Thailand and Indonesia, and with the recent UNSW case, somehow I find that we lack of capable guys to run EDB & Temasek.Originally posted by AndrewPKYap:Clearly shows how P*P sells so much propaganda it makes me puke... their policies clearly cannot exist with first world, state of the art educational and intellectual pursuits.
They want only a nation of unthinking sheep and yes men.
The failure of UNSW shows clearly that they have no ability to govern a first world nation of high wage, intellectually vibrant, global city where cutting edge science and the arts flourish.
This is what happens when dishonorable barbaric bullies rule.
Singapore is like an ape society where the strongest ape (guns and bankruptcy laws in Singapore context) gets to rape the female apes and the rest of the ape colony refuses to stand up to this kind of barbaric behavior out of apathy and fear.
P*P government is only capable of making Singapore into a bread and butter nation fit for coolies...
By the way, who do you think EDB & Temasek reports to? By right, the Finance Minister should be the one who is overseeeing the two ministries. BUT WHO IS OUR FINANCE MINISTER? Our Dear Prime Minister. In that way, I really cannot see any accountabilities of our reserve. I cannot believe that a country striving for a first class education hub cannot find a suitable candidate to take up as the Finance Minister other than the Prime Minister himself. Maybe we should hire a FT to do the job. (Just trying to be sacarstic)
And where is our second Key to the Nation's Reserve? In the midst of all these crisis, what have he done? -
Just wait for a few more semesters! Or lower down student expectations first before pulling up, like what RP did last time.
The new VC is so bloody money based. -
its becos sgporean is poor and cant enrol??
-
The truth hurts.. in all considerations, money takes precedence. Im sure the UNSW management will argue that they have handled the matter in a responsible and ethical manner - giving scholarships to current students and ensuring places for others.
-
fark lah, i was lookign forward to studying at this uni, look at what happened....idiots!
-
Go adnd die lah all of of u!
spoil my dreams -
Aiya, kpkb also no use, find other options lor..
-
x2. Me too.Originally posted by HeyshambaYehshamba:fark lah, i was lookign forward to studying at this uni, look at what happened....idiots!
-
Kissing babies.... paid more than 3 millions to kiss babies asses. (Just trying to be sarcastic.)Originally posted by Agressor:And where is our second Key to the Nation's Reserve? In the midst of all these crisis, what have he done? -
hopeless man!...farking hopeless...they are laughing now!!
-
Crazy Horse has closed down already.Originally posted by robertteh:The way Minister Lim Hern Kiang put it it makes it look like he has done everything possible to help UNSW tie over all practical difficulty. Now we have heard the other side of the story and know that he has played hardballs and refused to allow UNSW to stay on operating on a smaller rented campus.
So who is right or is this another NKF with denials after denials and not exercising duty or responsibility at all.
Can't someone at EDB be made answerable for such a fiasco in initial planning and support netwwork. -
noelofarc wrote:
When a private sector major business enterprise is to launch a new product it sure will have to conduct full marketing research and come out with sound implementation strategies based on 4Ps etc.
robert
why don't you asked the education minister
how much funds was poured into
the nsw university
that closed within 3 months?
and what was our ministers promises?
world class
world standard
world best
p.s. soon the waterloo university would be coming up
would that too become another expensive white elephant projects?
In addition to the 4Ps there will be overall Marketing Plan with strategies fully identified to take advantage of one's internal resources, expertise, like spelt out in the Sun Szu Art of War.
Workers at every level will be encouraged and motivated to apply knowledge in their respective fields so as to come up with products which are saleable and needed by the world.
After all the ad hoc world-class projects, from growth triangles to value-adding industries, we are still waiting for ministers to show us which are the added values to our industries or our workers' wages and lives.
We only continue to see legalistic wrangling of all kinds to regulate and control businesses but are these wrangling really helpful to promoting our economy as value-adding manufacturing and service hubs ?
If the answer to the above-mentioned need for holistic planning and implementation of economic and marketing strategies is still uncertain or a qualified yes how could our ministers claim to be talents at all.
No wonder UNSW has to suffer from such a flop because of the lack of consistent strategic implementation as a major business would do.
From the past experiences, ministers and EDB and MTI would claim success. They would put up ad hoc window showcases to make it look like world class.
The truth is clearly there is no consistent implementation in all areas of businesses being promoted and there is still no encouragement of citizens in pursuing value-adding industries or new technology start-ups.
Therefore to improve ministers should not just talk but be held responsible for not effectively implementing or overseeing the entire plans of such a nature as promoting an education hub. -
I wonder who benefited the most from the close down of UNSW.
-
since when have our govt take responsibility for any mistakes?Originally posted by (human):Who is going to be responsible for the $250 million? Taxs payer money? -
"Tuition Fees"Originally posted by lotus999:since when have our govt take responsibility for any mistakes? -
hahaz. I saw the b4 edited..Originally posted by charlize:"Tuition Fees"
yar I think it's from the taxpayer lah. Most govt rev is from collecting tax de.. -
maybe $250 million to the gahmen not alot of money, coz they can get more $$$$ from raising more taxes.......
-
In other news, EDB says that since UNSW was scaling back enrollment, they would scale back as well.
So yes, they played hard ball. -
May 30, 2007
EDB clarifies involvement with UNSW Asia
EDB regrets the decision by UNSW to close its Singapore campus but respects it as a business decision the UNSW has taken after finding that the initial student intake had fallen considerably short of plan. We are particularly concerned at the distress and uncertainty this situation has caused the students, parents and staff members. Our first priority is the welfare of the students. Together with the Ministry of Education, we have been working closely with UNSW to provide alternatives for the affected students.
I write to clarify various issues referred to in your reports and Forum page letters on EDB's involvement with UNSW Asia and the Global Schoolhouse programme.
EDB had been fully committed to the success of UNSW Asia from the start. The EDB support package of grants and loans was first accepted by UNSW in December 2004. Following a request for review from UNSW, this support package was renegotiated in August 2006 and EDB's enhanced package was accepted by UNSW in December 2006. When the enrolment for its first intake in March 2007 turned out to be lower than anticipated, UNSW reviewed its operations in Singapore again and requested a revised support package. Both parties explored various options and scenarios extensively.
UNSW had proposed a scaled-down number of about 2,000 students. The EDB therefore had to correspondingly scale down the amount of support we could give. In the end, EDB and UNSW could not agree on a revised package that was acceptable to both parties. UNSW then decided to cease operations because of what it saw as an unacceptable level of financial and operational risks.
We are unable to give details of the support package offered to UNSW, for confidentiality reasons. We nonetheless would like to explain the terms which typically apply to support packages offered by EDB for qualifying investments and business activities which would enhance Singapore's economic competitiveness. These normally comprise tax incentives, loans or grants which are recallable if pre-agreed milestones and outcomes are not met.
The Global Schoolhouse programme seeks to develop Singapore as a premier education hub comprising a rich diversity of quality education institutions and programmes from all over the world. Besides the substantial economic spin-offs, it also helps attract and develop talent to build up a strong knowledge base in Singapore. Singapore has been successful in attracting a wide range of quality institutions such as Insead, the University of Chicago Graduate School of Business, Duke University, S P Jain School of Management, University of Nevada Las Vegas, Cornell University, Global Indian International School, Delhi Public School and Chinese International School. These institutions are doing well here. Some are even expanding their campuses due to strong demand. EDB also continues to engage a range of reputable foreign institutions. We will press on with our Global Schoolhouse initiative.
Ko Kheng Hwa
Managing Director
Economic Development Board -
What a disgrace. Malaysia has so many Australian Universities operating successfully.
P*P knows only how to exploit coolies and cannot lead the nation to great heights in the achievement of the arts, science, philosophy and intellectual pursuits.
A government that only knows how to exploit coolies to en-rich themselves...
Not enough coolies in Singapore? Import Foreigners! -
..UNSW had proposed a scaled-down number of about 2,000 students. The EDB therefore had to correspondingly scale down the amount of support we could give. In the end, EDB and UNSW could not agree on a revised package that was acceptable to both parties. UNSW then decided to cease operations because of what it saw as an unacceptable level of financial and operational risks. ....
__EDB statement
2.When UNSW refused to accept support from EDB scale down correspondingly ,UNSW wanted to shift more risks to EDB .This alreday changed the co-operation agreement. -
You do know that since the Govt does not subsidise the school fees at UNSW, UNSW is more reliant on government support? Plus, it is no loss to UNSW to walk away from an agreement which it finds is not beneficial to it.Originally posted by lionnoisy:__EDB statement
2.When UNSW refused to accept support from EDB scale down correspondingly ,UNSW wanted to shift more risks to EDB .This alreday changed the co-operation agreement.
It is just business. -
u think they fark care abt a tiny dot?
They will ask u to fark off igf u play hard dudes. It is business...
sorry, but the biggest pie possiblr is the best pie