Singapore: More land for growing food
- Straits Times
- 01 August 2009
More land will be set aside for growing food while companies will be encouraged to work with farms overseas to ensure that Singapore has a ready and stable supply of produce.
More land will be set aside for growing food while companies will be encouraged to work with farms overseas to ensure that Singapore has a ready and stable supply of produce.
The Leopard Cambodia Fund has set aside $1.8m to establish Cambodia Plantations, a Singapore-based company which will serve as an offshore finance vehicle for agricultural investments in central Cambodia. The drawdown will fund the establishment of a subsidiary that is in the process of obtaining a land concession in the province of Kompong Chhnang for rice cultivation.
At least six Singaporean companies want to start joint ventures with Cambodian partners to invest in the Kingdom's agricultural sector.
Singapore's Temasek is seeking to buy land in North Bolaang Mongondow, North Sulawesi, where they plan to grow high-quality rice.
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