Singapore splurges a new high of $7.4b on research and development

It was a 14.8% growth from 2010.

Singapore’s gross expenditure on R&D (GERD) recorded a new high of S$7.4 billion in 2011, according to the National Survey of R&D, 2011, produced by the Agency for Science, Technology and Research (A*STAR). It was a 14.8% growth from S$6.5 billion in 2010.

The compound annual growth rate (CAGR) of GERD from 2002 to 2011 was 9.1%. This reflects sustained growth in R&D investments in Singapore.

In 2011, the Business Expenditure on R&D (BERD), which is a measurement of private sector investment in R&D, grew by 17.2% (year-on-year) from S$3.9 billion in 2010 to S$4.6 billion in 2011. This is a good indication of the high value-added activities in Singapore and points to the growing competitiveness here. It also suggests that Singapore is a good location for innovation-led activities across many different sectors in manufacturing and services.

The Public Expenditure on R&D (PUBERD) in 2011 increased to S$2.8 billion, up from S$2.5 billion in 2010. It reflects the Government’s continued commitment to R&D as our future development strategy.

A*STAR’s Managing Director Dr Raj. Thampuran said, “The record high expenditure on R&D by the private sector is a testimony of Singapore’s value proposition for open innovation through public-private partnerships. It also demonstrates our ability to raise the competitiveness of industries and make steady progress towards an innovation economy.”

Singapore’s gross expenditure on R&D (GERD) as a percentage of GDP in 2011 was 2.3%. We are moving into the ranks of research-intensive countries in the world such as Finland, Sweden and Denmark.  



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.34430.000.00%
    USDSGD=X
    1.53880.000.00%
    EURSGD=X
    1.96400.000.00%
    GBPSGD=X
    79.11550.000.00%
    SGDJPY=X
    5.77030.000.00%
    SGDHKD=X
    2.9112-0.0029-0.10%
    SGDMYR=X
    9,817.37990.000.00%
    SGDIDR=X
    4.81570.000.00%
    SGDCNY=X
    1.02260.000.00%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,294.90+28.50+2.25%
    GCM16.CMX
    17.89+0.30+1.72%
    SIN16.CMX
    92.85+5.95+6.85%
    ^XAU
    2.28+0.05+2.26%
    HGN16.CMX
    45.99-0.04-0.09%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.28-0.02
    ^FVX
    1.82-0.02
    ^TNX
    2.67-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.745-0.015-1.97%
    Y92.SI
    0.096-0.007-6.80%
    5WH.SI
    0.460.00+1.10%
    N21.SI
    0.815-0.015-1.81%
    G13.SI
    0.131-0.001-0.76%
    40E.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.151+0.025+19.84%
    574.SI
    0.345+0.055+18.97%
    BDF.SI
    0.35+0.06+18.64%
    AWK.SI
    0.245+0.030+13.95%
    K22.SI
    0.125+0.015+13.64%
    AZG.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.48-0.13-21.31%
    BQP.SI
    0.103-0.017-14.17%
    C04.SI
    0.285-0.045-13.64%
    B49.SI
    0.535-0.055-9.32%
    BEI.SI
    0.25-0.02-7.41%
    PA3.SI