A new EU bill drafted by the European Commission regarding food contact plastics has been approved by the EU Council of Ministers. Under the proposed law, companies must test whether materials used to make plastics that come in contact with food are safe. Unless the European Parliament unexpectedly opposes it, the bill should become law […]
The Organization for Economic Co-operation and Development (OECD) expects the economy to improve slowly over the next two years. In its Economic Outlook, released in December 2010, the OECD predicts growth of 2.3% for OECD countries in 2011, compared with a 2.8% increase in 2010. It expects emerging markets to grow more rapidly, helping to […]
In an attempt to entice foreign companies to establish regional headquarters or R&D centers in Japan to counteract its dwindling appeal as a business locale, the Japanese cabinet has approved a package of incentives. The new policy, which will be effective in April, entitles foreign firms that meet the requirements to receive a 20% tax […]
Singapore’s gross expenditure on R&D (GERD) fell 15.2% to SGD 6.0 billion ($4.6 billion) in 2009. Business expenditure on R&D fell to SGD 3.7 billion ($2.8 billion), a decrease of 27.3%. Business spending on basic research fell 11.3% to SGD 398.3 million ($307.7 million), on applied research grew 2.2% to SGD 1.11 billion ($849.8 million) […]
Western pharmaceutical companies are relying on different tactics to expand in the second-largest emerging market for drugs. For AstraZeneca, Brazil is one of the first locations for its plan to offer off-patent drugs. GlaxoSmithKline is catering to a variety of customers with discounts for off-patent branded generics, over-the-counter dermatological products and placing sales representatives in […]
For fiscal year 2009, Spain’s expenditure on R&D declined 0.8% to €14,582 million ($19,332 million), accounting for 1.38% of GDP. The business sector accounted for 51.9% of total R&D expenditure, a decline of 6.3% from 54.9%. Tertiary education comprised 27.8%, an increase of 3.1% from 26.7%. Public administration R&D expenditure made up 20.1%, increasing 9.5% […]
According to a recently released National Bureau of Statistics report on R&D resources, China’s R&D spending is growing quickly and is slated to reach 2% of GDP in 2010. In 2009, China’s total R&D spending was CNY 580 billion ($85 billion), or 1.7% of GDP, which represents an average annual increase of 23% since 2000, […]
In an attempt to revamp science at its universities and silence critics who claim inadequate funding for basic research, particularly at the Russian Academy of Sciences (RAS), Russia’s government has implemented several programs to encourage more university research other than RAS. The programs include a “national research university” program, which now includes 40 universities. Other […]
The Inter-American Development Bank (IDB) has loaned Argentina its second installment of the $750 million Conditional Credit Line for Investment Projects (CCLIP). The five-year, $200 million Technology Innovation Program Part II, which follows a $100 million loan in 2009, will be overseen by the Ministry of Science, Technology and Productive Innovation and the National Agency […]
Turkey’s gross domestic R&D expenditure (GERD) as a percentage of GDP rose to 8.5% in 2009 from 7.3%. In total, GERD by the public sector, foundations, universities and the business enterprise sector increased 17.3% to TRY 8,078 million (US $5.23 billion). In 2009, 47% of R&D spending was performed by the higher education sector. Business […]
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IBO (Instrument Business Outlook) is a twice-monthly newsletter aimed at providing decision-makers with the latest and most complete information available on the life science and analytical instrument industry, and lab product markets. IBO delivers the latest curated industry news, information and trends, as well as SDi data and analysis to deliver the maximum in industry insight with a minimum time investment for executives and investors.
