Singapore, March 5 -- Singapore plans to pump 70 million SGD (55 million USD) over the next five years to help local farms expand production capacity and build capabilities, as the country steps up efforts to strengthen food resilience amid growing global uncertainties. As reported by Channel News Asia, the new funding tranche under the Agri-Food Cluster Transformation (ACT) Fund was announced by Senior Minister of State for Sustainability and the Environment Zaqy Mohamad on March 4, as he laid out his ministry's spending plans this year. Introduced in April 2021, the ACT Fund helps local farmers upgrade their operations, such as purchasing equipment and adopting technologies that improve productivity. With the extension, the scheme will be...