Having identified RFID technology as "an engine of growth," Singapore will spend US$ 5.8 million, mainly on research and training, to promote the development and deployment of RFID by the end of 2006.
The worlds second largest port outside the U.S., Southeast Asian city-state is a major Asian trading and transportation hub. Singapore had earlier set itself the goal of becoming the worlds most-wired nation and has spent billions on building state-of-the-art telecommunications infrastructure.
Early adoption of technology like RFID will give Singapore an edge as a logistics center and global trading center, government officials believe, not only because of increased efficiency gains and lower overall costs achieved by adopting RFID, but also by showing that Singapore is on technologys cutting edge.
Read the entire RFID Journal story here.