Higher education participation rate to rise to 40% by 2020 – PM Lee

Question: The rise of 40%, is it for Singaporeans or foreigners?

University World News, 28 Aug 2012
Singapore’s Prime Minister Lee Hsien Loong has announced that the proportion of young people attending higher education will rise to 40% by 2020 compared to 27% now, with two new publicly-backed universities slated for the city-state.
Education is “Singapore’s most important long-term investment in its people and it is a key response to the changing world”, Lee said during his annual National Day Rally policy speech, delivered at the Singapore Institute of Technology (SIT) on 26 August.
Lee said that SIT and the Singapore Institute of Management University (UniSIM) would be upgraded to become Singapore’s fifth and sixth universities offering applied as well as part time degrees. Full story