Hi,
it's correct that Singapore still has electricity...
I am an electrical engineer (hardware, embedded stuff, majoring in telecomms) working here in Singaproe for 4.5 years.
From my experience the R&D field here in Singapore is not great. We have a lot of contract manufacturing here. (now going to change). A lot of e-business (programming), systemintegration (programming again) and so on. But not that much R&D or product development.
I would try the big players, like Siemens, Motorola, Delphi. Siemens is doing medical devices here in Singapore. But I have no details on hand. Or try the universities here, they have sometimes independent reseach facilities like the Center for Wireless Communication.
But please make sure that you don't end up in a situation like me. I signed with a local system integrator, planned was R&D for car navigation systems, department closed down after 6 month, now I am doing system integration.. how exciting!?! Argghhhhhh.
Another thing to think about .... Engineers are here basically to make things happen. The treatment is like this as well. Your worthfull opinion/experience is basically not requested. So if you are used to be on an equal level like your project manager be prepared that this will be here not like this.
But this is of course only my opinion which is based on the things how I see them and previous experience.
Check out the company carefully before you sign anything. Money is not everything.
Keep on smiling
and I hope I could help.