ZDNet Asia, 24 Dec 2008, Victoria Ho
Singapore's overall expenditure on research and development (R&D) grew an "unprecedented" 26.5 percent to hit S$6.3 billion (US$4.3 billion) in 2007, the country's Agency for Science, Technology and Research (A*STAR), announced.
According to the government agency's annual National Survey of R&D of some 1,000 organizations, the increase was a "significant jump" from the previous year's rise of 9.3 percent. The country spent S$5 billion (US$3.4 billion) on R&D in 2006, bringing the spending (as a percentage of the country's gross domestic product) from 2.31 percent in 2006 to 2.61 percent in 2007.
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