Budget 2025: S$3b top-up to National Productivity Fund to attract high-quality investments
Singapore will spend billions to boost research and development infrastructure. Prime Minister Lawrence Wong said the country needs to differentiate itself from the competition by being able to offer high-value solutions for the world. Part of the strategy also involves developing globally competitive local firms. A top-up of S$3 billion will be made to the National Productivity Fund, which can be used to attract high-quality investments, advance technologies and drive innovation. Another S$1 billion will be invested to refresh biosciences and medtech research at one-north. Nasyrah Rohim reports.
Singapore will spend billions to boost research and development infrastructure. Prime Minister Lawrence Wong said the country needs to differentiate itself from the competition by being able to offer high-value solutions for the world. Part of the strategy also involves developing globally competitive local firms. A top-up of S$3 billion will be made to the National Productivity Fund, which can be used to attract high-quality investments, advance technologies and drive innovation. Another S$1 billion will be invested to refresh biosciences and medtech research at one-north. Nasyrah Rohim reports.
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