SINGAPORE, 20 March 2026 — Malayan Banking Berhad (KLSE:MAYBANK) has extended a term loan facility of up to S$65 million to ISE Foods Holdings (IFH) to support the development of Singapore’s fourth egg farm, reinforcing the city-state’s push to strengthen domestic food production.
IFH is a subsidiary of Ellipsiz Ltd (SGX:ELIP), and the project represents a key milestone in Singapore’s efforts to enhance food resilience.
The large-scale farm will be developed on a site identified in collaboration with the Singapore Food Agency (SFA) and other relevant authorities.
In a joint statement, Maybank and Ellipsiz said the project will contribute to Singapore’s ambition of producing 30% of its nutritional needs locally by 2035, reducing reliance on imports and strengthening food security.
Supporting Sustainable Food Systems
Maybank Singapore country chief executive officer Alvin Lee said the financing reflects the bank’s commitment to supporting national priorities and sustainable development.
“The SG4EF project will implement advanced agritech and smart warehousing solutions, and qualifies as an eligible social loan under our food security and sustainable food systems category. Together with Ellipsiz, we are committed to building a future-ready food ecosystem in Singapore,” he said.
The project will incorporate advanced farming technologies and smart infrastructure to enhance efficiency and productivity in egg production.
Strengthening Food Security in Singapore
The development of the fourth egg farm is part of broader efforts by Singapore to increase local food production capacity amid global supply chain uncertainties.
By boosting domestic output, the project is expected to play a role in stabilising supply and supporting long-term food sustainability goals.
Maybank said the financing also aligns with its broader strategy to support the new economy and sustainability sectors, particularly in areas linked to food security and resilient supply chains.
