What's Next: January 5, 2017

Aides to testify in Park's trial

Four former or current aides of South Korea's President Park Geun Hye will testify today in her impeachment trial.

The court formally opened the trial on Tuesday despite the absence of Ms Park, who was impeached by the National Assembly in a vote on Dec 9 over a corruption scandal.

If Ms Park declines to appear for a second time, the court can proceed without her.

COE tender results out today

The results of January's first open bidding exercise for certificates of entitlement (COEs) will be released today after the tender closes at 4pm. The total COE quota available for the tender is 4,089.

COE prices for cars edged up in the last tender late last month. For instance, the COE premium for small cars - up to 1,600cc and 130bhp - rose 3.6 per cent to $49,751 then, from $48,000 two weeks earlier.

Some countries releasing PMI data

A number of countries from China to the United States will release private gauges of their services purchasing manufacturers' index (PMI) today. Economic indicators by Markit, ISM and Nikkei will be out for the world's two largest economies as well as for Japan, Hong Kong and Britain.

On the PMI scale, 50 separates expansion from contraction.

A version of this article appeared in the print edition of The Straits Times on January 05, 2017, with the headline 'What's Next'. Print Edition | Subscribe