Pest storms are devastating rice production in Singapore, which is no good for anyone since this grain is a staple throughout Asia. This is becoming a threat to the country’s food security and could completely destroy rice farms throughout the region, according to Singapore scientists. Indeed, there is talk that the pesticides used to counter this problem may be doing the opposite – making it worse. The problem has partly been caused by trying to go cheap: use of less expensive pesticides; poor farmer education and destruction of ecosystems around paddies, to name but a few.
Historically this wouldn’t have been the case. Farmers took immense pride in their plots and ensured their produce was protected. King George VI would have been ashamed at his Asian brethren and might not have so readily agreed to having his face emblazoned on a set of Singapore stamps issued in 1948.
Indian stocks fell due to rising inflation and higher interest rates, causing the market to be bearish. 
Indian state-owned gas marketer GAIL? Ltd is searching to acquire shale gas companies in the US. Gail is prepared to invest approximately $400-500 million. The company has publicized a request for proposals (RFP) from bankers who are able to help it identify targets and to close a deal. The RFP was publicized last month.
CG Foods, a division of the Cinnovation Group from Singapore, said it will invest Rs.100 crore over the next three years to enlarge its manufacturing capacity in India.
Hyundai Motors has operated successfully in India and has solidified its operating procedures there over the past several years. During the next three years Hyundai will build a new diesel engine factory costing Rs400 crore. Recent feasibility research showed this to be an appropriate investment according to the CEO. Three different sized engines will be produced.
India Infrastructure Finance Company Ltd (IIFCL) will issue a Rs 1,200-crore retail infrastructure bond issue at the end of the year.