SINGAPORE - Singapore is not immune to growing uncertainty and keener competition in the global economy, said Manpower Minister Lim Swee Say on Wednesday morning.
Recognising that zero employment does not exist anywhere, including the city-state, Mr Lim, who was speaking at the first of five SIM University (UniSIM) convocation ceremonies at the SIM Headquarters, said: "The reality is that someday, some of you here could end up being unemployed or under-employed."
However, he noted that graduates here enjoy better employment opportunities than most other countries, and urged individuals to stay employable as working adults.
"Some of you will do better than others. It all depends on how you approach your work, your life and your world," he said.
He added that Singapore is also doing its best to stay competitive as an economy.
For instance, the city-state been restructuring its economy towards the manufacturing, services and construction sectors. It is also focusing on upgrading its workforce to prepare for the future, through initiatives such as SkillsFuture.
"We will keep creating as good and as many employment and career opportunities as possible for all Singaporeans, young and old," he said.
A total of 2,248 students will receive their degree scrolls across the five ceremonies over three days. It is the highest number of students to graduate since UniSIM's first convocation a decade ago.
Under UniSIM's Alumni Continuing Education programme, which gives fee incentives for alumni to return to deepen their skills, the new cohort of graduates will be able take two UniSIM modular courses for free or at a small cost if they do so within the first two years of graduation.
This year, the institution also produced its pioneer batch of 66 graduates from five programmes such as communication with business, communication with psychology, early childhood and Chinese language education, aviation maintenance and human factors in safety with military studies.