SINGAPORE - It is well-known that Singapore has one of the world's best education systems. The Education Ministry's budget is second only to Defence. The Government has put in a lot of monetary and non-monetary resources into mass education.
Despite that, I feel very strongly that there is a huge need or demand for private education to flourish in Singapore. As public and private sectors play complementary roles, whether it is at the pre-school level, K-12, polytechnic or university level, there is a place in the sun for the private sector.
In public schools, our educational standard is probably among the top three countries in the world, possibly after Finland and Canada, with Japan coming close.
Despite the high standards attained by Singapore, there are still huge gaps in our school system that provide the shadow education industry, also known as tuition (supplementary education), with the opportunity to sustain itself for a long time to come. There are several reasons for this.
Singapore has introduced changes and adopted best practices from across the world, to improve our system.
However, technology has changed the world, and the Internet has changed the way we use data and information.