According to this Businessweek article anyway.
Donch like dat lah. Give chance give chance. We-all Singapore wan to be hub leh. Cannot everything also Ang Moh country champion what.
Excerpt:
The progress the Asians have made is "astonishing,'' says Robert A. Goldstein, chief scientific officer at New York-based Juvenile Diabetes Research Foundation International, which has teamed up with Singapore in funding ES Cell's efforts to find a cure for the disease. Many governments have been asking themselves: "Since the U.S. doesn't seem to be taking a lead role, why don't we?'' observes Goldstein...
...California may not be the only worry. Britain has a relatively liberal policy toward stem cell research and may soon kick-start funding for it. And at least five other U.S. states are looking to fund stem cell research, too. Even some of Asia's most prominent boosters concede that the region will have a tough time matching what the Americans have to spend. Singapore is building a scientific community, but currently "it's sub-optimal,'' says Colman [Alan "Dolly the Sheep" Colman, an English biochemist and a leader of the British team that created the first cloned mammal in 1997 -ed]. "The people who wrote Prop 71 are trying to recruit people right now. And when those top people go, so will their teams.''