Singapore's investment is a small fraction of what the whole world invests, said National Research Foundation chairman Heng Swee Keat. SINGAPORE: Singapore will invest S$37 billion (US$28.5 billion) – or about 1 per cent of its economic output – on research, innovation and enterprise over the next five years, announced the National Research Foundation (NRF) on Friday (Dec 5). Of the total sum, 8 per cent – or S$3 billion – will go towards research, innovation and enterprise in flagships and “