The University of New South Wales (UNSW) saga finally ended this week as UNSW and EDB have finally reached a settlement over the fallout of the UNSW campus in Singapore.
After a shock decision by the university to close down its UNSW Asia Campus in May 2007, which the university ran for only about two months, there has been a big dispute on whether (and how much) UNSW should reimburse Singapore on the grants UNSW received from the Singapore government. EDB had previously said it would try to reclaim S$17.3 million in grants. However there has been no details provided as to how much the settlement agreement involves.
Why not tell Singaporeans how much money has been lost on this fiasco? It's public money right? After 6 months of talk, surely Singaporeans deserved to know how much money has been recovered by the EDB? So guess what, TELL US!