Media OutReach
Understanding SkillsFuture Funding and the Real Cost of Upskilling
Launched in 2015, SkillsFuture is a national movement that supports Singaporeans in developing skills throughout different stages of their careers. Through subsidies administered by SkillsFuture Singapore (SSG), individuals may receive government funding when enrolling in approved courses offered by recognised training providers and Continuing Education and Training centres. Eligible Singapore Citizens and Permanent Residents may receive subsidies of up to 70 per cent of course fees. These subsidies are applied directly to the course fees, allowing learners to pay the nett amount after government funding has been deducted. This significantly lowers the overall cost of professional training.
Additional support is available for mid-career Singaporeans. Under the SkillsFuture Mid-Career Enhanced Subsidy (MCES), Singapore Citizens aged 40 and above may receive subsidies of up to 90 per cent of course fees for approved courses offered by recognised training providers and Continuing Education and Training centres. For illustration, a professional development course priced at S$3,000 before GST may cost approximately S$900 after a subsidy of up to 70 per cent is applied. Eligible Singapore Citizens aged 40 and above who qualify for the MCES could pay about S$300 for the same course after government funding.
Learners may further offset remaining fees through SkillsFuture Credit, which is available to Singapore Citizens aged 25 and above and can be used for eligible courses listed on the MySkillsFuture portal. Employer-sponsored training programmes may also benefit from workforce development schemes that further reduce training costs.
Institutions such as SIM Academy provide professional development programmes that support working professionals in upgrading their capabilities. SIM Academy offers a range of short courses aligned with industry needs, including programmes in leadership, AI, sustainability, project management, organisation design and soft skills. Several of these programmes are eligible for SkillsFuture funding and SkillsFuture Credit.
SkillsFuture funding schemes continue to support Singapore’s workforce transformation by making training more accessible. With government support and industry-aligned programmes offered by training providers such as SIM Academy, working professionals have greater opportunities to strengthen their capabilities and adapt to evolving job demands.
References:
- SkillsFuture Singapore. Funding for Individuals – https://www.ssg.gov.sg/funding-and-levy/funding-for-individuals/
- SkillsFuture Singapore. About SkillsFuture – https://www.skillsfuture.gov.sg/aboutskillsfuture
- SkillsFuture Course Fee Funding and Subsidies – https://www.myskillsfuture.gov.sg/content/portal/en/career-resources/career-resources/education-career-personal-development/SkillsFuture_Funding.html
- MySkillsFuture. SkillsFuture Credit – https://www.myskillsfuture.gov.sg/content/portal/en/header/credit.html
- SIM Academy. SkillsFuture Courses Offered by SIM Academy – https://www.sim.edu.sg/professional-development/courses/skillsfuture-courses
Hashtag: #SIMAcademy #SIMA
The issuer is solely responsible for the content of this announcement.
About SIM Academy
SIM Academy provides leading-edge professional development and enterprise solutions. SIM Academy offers over 300 executive and business programmes that help almost 10,000 professionals annually on average hone their competencies to drive business value and achieve peak personal and enterprise performance.
Our programmes encompass a comprehensive range of lifelong learning opportunities designed to empower professionals with the knowledge, skills, and competencies necessary to become effective change-makers and leaders in today’s volatile and uncertain business landscape.
For more information on SIM Academy, visit sim.edu.sg
Media OutReach
Owner-Operated Serviced Office CoWorkSpace Opens at 6 Raffles Quay Level 16, Offering Members Stable Pricing in a Landlords’ Market
As Singapore CBD office rents rise for a fifth consecutive quarter and vacancy hits a record low, CoWorkSpace aims to shield members from rent increases that flex operators typically pass through.
SINGAPORE – Media OutReach Newswire – 26 May 2026 – CoWorkSpace is conveniently located at 6 Raffles Quay #16-01, occupying an entire floor within the office tower and comprising more than 50 private suites designed for startups, SMEs, and established corporations across shipping, financial intermediaries, family offices, professional services, business consultancy, technology, and trade-related industries.
Hashtag: #ServicedOffice #Coworking #CoworkingSpace #RafflesQuay #RafflesPlace #SingaporeCBD #SGCBD #PrivateOffice #PrivateSuites #OwnerOperated #FlexibleWorkspace #BusinessAddress #SMESingapore #SGBusiness #CoWorkSpace
https://www.coworkspace.com.sg/
CoWorkSpace Serviced Office.
Media OutReach
JOYY Reports First Quarter 2026 Financial Results: Total Revenue YoY Growth Hits Multi-Year High
In the first quarter, JOYY’s total revenues reached US$555.7 million, up 12.4% year over year, representing the Company’s highest year-over-year growth rate in recent years. Social entertainment revenue increased 3.2% year over year to US$400.4 million. BIGO Ads ad tech and SHOPLINE e-commerce, the second growth engine of the Company, maintained strong growth momentum. BIGO Ads revenue reached US$124.8 million, up 55.6% year over year, while SHOPLINE contributed US$30.5 million, up 16.1% year over year.
In the first quarter, the Company’s non-GAAP1 operating income increased 22.5% year over year to US$38.0 million, while non-GAAP1 EBITDA grew 13.2% year over year to US$45.7 million. Operating cash inflow for the quarter was US$46.0 million. Net cash as of March 31, 2026 stood at US$3.18 billion.
Simultaneously, JOYY announced a new share repurchase program, under which the Company is authorized to repurchase up to US$600 million of its shares until the end of 2028, and a new quarterly dividend program, under which a total of approximately US$900 million in cash will be distributed on a quarterly basis between 2026 and 2028. The new shareholder return program amounts to approximately US$1.5 billion, underscoring JOYY’s confidence in its long-term growth potential.
- This press release includes certain non-GAAP financial measures as additional clarifying items to aid investors in further understanding the Company’s performance and the impact that these items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled “JOYY Reports First Quarter 2026 Unaudited Financial Results” issued by the Company on May 26, 2026.
Hashtag: #JOYY
The issuer is solely responsible for the content of this announcement.
Media OutReach
“Made in Binzhou” Heads to Tianzhou-10 Cargo Spacecraft——Binzhou Sci-Tech Power Embarks on a Hardcore Space Mission
This initiative is a collaborative effort involving the University of Chinese Academy of Sciences (UCAS), the National Space Science Center of the Chinese Academy of Sciences, and the Binzhou Weiqiao UCAS High Technology Research Institute. The successful launch marks a historic “zero-to-one” breakthrough, representing the first time private sci-tech forces from Binzhou and indeed Shandong province have reached space. It also stands as China’s first in-space experiment to study the solidification of lightweight high-entropy alloys under the dual-field coupling of “microgravity and rotating magnetic fields.”
As a national-level “space laboratory,” the manned space station hosts world-class research facilities and serves as a core platform for disruptive innovation in new materials. This successful deployment not only highlights the institute’s cutting-edge research capabilities but also signifies a deep integration between corporate scientific research and national aerospace engineering. Looking ahead, the institute will continue its deep dive into frontier fields such as space materials and lightweight alloys. By strengthening collaborative innovation across industry, academia, and research, they aim to empower the upgrading of the new materials industry with technological innovation, contributing both wisdom and strength to the development of China’s manned space program and the cultivation of new quality productive forces.
Hashtag: #BinzhouInformationOffice
The issuer is solely responsible for the content of this announcement.
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