Upgrade SkillsFuture to facilitate cutting-edge digital courses

Singapore

IN the upcoming Budget 2019, there could be enhancements to the SkillsFuture initiative, given Singapore's need to train and reskill workers to stay relevant in the future, according to a report by UOB.

This could come in the form of identifying and introducing courses that leverage Singapore's digital transformation, especially in areas of robotics, digitalisation and programming, suggested UOB economist and author of the report Barnabas Gan.

Rolled out in 2016, the SkillsFuture Credit initiative allocates S$500 to every Singaporean aged 25 and above. The amount is topped up at regular intervals and has no expiry.

"We perceive that such cutting-edge courses may likely not come cheap, so a dollars-and-cents enhancement to the overall…