Addressing students at the annual Pre-University Seminar, DPM Tharman Shanmugaratnam said there is a "real fear" that in 10 to 20 years from now, jobs losses will exceed the number of jobs created.
This comes as the universities prepare to take in more students under the scheme - when the current cap of 10 per cent allowed for discretionary admissions goes up to 15 per cent next year.
The lab will focus on areas such as cyber security big data analytics and the development of trusted cyber monitoring and mitigating techniques.
This comes after Singapore agreed to recognise more Australian degrees in the fields of law, medicine and allied health, as part of the Singapore-Australia Comprehensive Strategic Partnership.
Under the collaboration between NUS' Yong Loo Lin School of Medicine and the medical school of Indonesia's Universitas Gadjah Mada, student exchange programmes will be launched and a global medicine curriculum developed.
The Lee Hsien Loong Interactive Digital Media Smart Nation Award will recognise students with projects that will "will contribute to the Smart Nation initiative by harnessing technology to improve the lives of citizens, creating more opportunities, and supporting stronger communities".
NTU says it is hoping to make classes in its new College of Professional and Continuing Education more accessible by taking into account working experience, and by holding some classes outside of the NTU campus itself.
Singapore's civil service must also maintain the fine balance of being neutral and non-political, and being politically sensitive and responsive, says Prime Minister Lee Hsien Loong.
More frequent job preparation workshops and recruitment fairs will be organised, says the Chinese Development Assistance Council as it officially opens its new centre at Woodlands Avenue 6.
Educators Channel NewsAsia spoke with acknowledged that it will take time to convince parents that the PSLE is not the 'be all and end all'.