Committee of Supply 2021 debate, Day 3: Jamus Lim on increasing R&D expenditure

Investing in R&D can improve productivity and economic growth, and help companies and workers stay at the forefront of technological advances, said MP Jamus Lim in Parliament on Tuesday (Mar 2). Yet Singapore’s spending, he said, has been significantly below that of other technology-driven economies. Assoc Prof Lim urged an increase in R&D expenditure, channelled to a broader range of innovative and sunrise industries, with encouragement and support given to SMEs to embrace it.