Daily Briefing: Olam hunts bolder deals; Singapore named Asia’s most sustainable city

And Marco Polo plans to delay the payment of bonds.

Olam International Ltd., one of the world’s largest food commodities traders, is targeting more acquisitions next year after a $2 billion spree since late 2014 involving deals in cocoa, peanuts and wheat. “We have enough dry powder to execute both our organic and inorganic growth strategy,” Chief Executive Officer Sunny Verghese said in an interview in Singapore. Read more here.

Singapore has launched a major drive to develop smart and green buildings, and also increase construction productivity. Singapore has been listed as Asia’s most sustainable city, and second in the world, in this year’s Sustainable Cities Index by Arcadis, reported The Business Times. This is a major improvement from last year when the city-state was ranked 10th globally. spot, followed by Stockholm, Vienna and London. Find out more here.

A Singapore provider of barges and tugs for coal, steel scrap and iron ores plans to ask bondholders for approval to delay paying S$50 million ($37 million) of securities due next month after appointing an external adviser to review its business. Marco Polo Marine Ltd. told some noteholders of the plan at a meeting Tuesday, and those present “appeared generally supportive,” it said in a filing to the Singapore Exchange. Read more here.