South Korea goes to the polls

Today's ballot for South Korea's 300-seat national assembly has been touted as a referendum on the economic policies of the ruling conservative Saenuri Party, and on President Park Geun Hye, who has less than two years left of her single five-year term.

Polls suggest that Saenuri will retain the simple parliamentary majority it won in 2012, especially with rifts between opposition parties threatening to split the liberal vote.

Massage parlour operators in court

Thirteen unlicensed massage parlour operators are expected to be charged in court today for operating without a valid licence.

Police have been conducting enforcement operations against massage establishments in Chinatown, Little India, Lavender Street, Jalan Sultan and Coleman Street between January and this month, targeting those that flout rules under the Massage Establishments Act.

IMF report on global markets

The International Monetary Fund (IMF) will release today its financial stability report, an assessment of the world's financial systems and markets.

The report will draw out the ramifications of economic imbalances which were highlighted in the World Economic Outlook (WEO) released by the organisation yesterday. The WEO cut growth forecast for the fourth time, citing China's slowdown and low oil prices.