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Agency for Science, Technology and Research
Singapore budgets US$8 billion over next 5 years to expand research, development efforts
May 8th, 2006
The Singapore government has committed a budget of close to US$8 billion for the 5-year period from 2006 to 2010 to further strengthen research and development (R&D) capabilities in the country. This is almost double the government's R&D budget for 2001 to 2005. The biomedical sciences (BMS) sector will continue to be one of the key areas of focus for the country. Singapore has developed world-class capabilities across the entire value chain from drug discovery, product development and clinical research, to manufacturing and healthcare delivery. In a 2006 study conducted by KPMG, Singapore has the lowest cost structure among nine industrialized...
Source: Biotech Week (2006-05-08)
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