27 Dec '11, 8am

Singapore reports growth in public, private sector R&D expenditure

Singapore reported a 7.4 per cent growth in Gross Expenditure on Research and Development (GERD) from $6 billion to $6.5 billion in 2010 as expenditure in both public and private sectors rose, as reported in the latest National Survey of R&D 2010 published by the Agency for Science, Technology and Research (A*Star). Public expenditure on R&D hit a new high of $2.5 billion in 2010, an increase of 9.6 per cent from $2.3 billion in 2009, said A*Star in a statement on Tuesday. Business expenditure on R&D, an indicator of private sector spending in research, also grew by 6 per cent from $3.7 billion in 2009 to $3.9 billion in 2010. Growth in actual expenditure was not reflected in GERD as a percentage of Gross Development Product (GDP), which dipped slightly from 2.3 per cent in 2009 to 2.14 per cent in 2010 due to Singapore's exceptional 13.9 per cent GDP growth in 2010, which...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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SINGAPORE, Dec 27 (Bernama) -- Singapore reported a 7.4 per cent growth in Gross Expenditure on R&D (GERD) from S$6 billio...

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