From sky farms to lab-grown shrimp, Singapore eyes food future

13 Sept 23:32 Key points summarised by AI

Singapore aims to boost local food production from 10% to 30% by 2030, a plan dubbed '30-by-30', to enhance food security and reduce reliance on imports.
Despite severe land constraints, the city-state is rapidly adopting high-tech urban farming solutions, including vertical 'sky farms' and multi-storey automated fish farms.
Significant government and state investor (Temasek) funding supports agricultural innovation, allocating millions for R&D and technology adoption in the food sector.
Pioneering companies are developing future food sources like lab-grown shrimp, with ambitions to reach mass markets and contribute to the national food goal, despite challenges like high production costs.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.