Budget 2024: More than S$11 billion to be injected into R&D, AI, finance, clean energy
RIE2025 plan to receive additional S$3 billion in funding, bringing total to S$28 billion
More than S$1 billion to be invested under the National AI Strategy 2.0
S$2 billion top-up to Financial Sector Development Fund; S$5 billion initial investment into Future Energy Fund
FINANCE Minister Lawrence Wong announced investments of more than S$11 billion into national research and development (R&D) efforts, as well as the artificial intelligence (AI), finance and clean energy sectors, in his Budget speech on Friday (Feb 16).
The government will inject S$3 billion into the Research, Innovation and Enterprise 2025 (RIE2025) plan for important segments such as advanced manufacturing, sustainability, the digital economy and healthcare.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Singapore
Social cohesion, long-term planning, political stability are imperatives for Singapore: PM Lee
As airports expand, Singapore SMEs can tap opportunities
Singapore’s industrial harmony cannot be taken for granted: Ng Chee Meng
Singapore’s employment growth eases in Q1, as tighter foreign worker quotas kick in for construction firms
US-Singapore FTA marks 20 years: a bridge ‘at the right place, right time’
Biden’s ‘worker-centred trade policy’ involves building ‘tripartism’: US trade chief