Economics
Singapore Plans S$300 Million to Spur Innovation in Digital Push
- Fifth-generation mobile networks to begin rolling out by 2020
- Minister S. Iswaran unveils spending in parliamentary session
Photographer: Munshi Ahmed/Getty Images
This article is for subscribers only.
Singapore will allocate a further S$300 million ($222 million) to spur research in digital innovation as the government transforms the economy through technology.
The amount, almost double the current budget, is part of the next phase of the National Research Foundation’s five-year plan ending 2020, Minister for Communications and Information S. Iswaran said during a parliamentary session Monday. It will be used for research in the services and digital economy.