What's Next: March 9, 2017

Samsung group leader Lee Jae Yong is escorted by police officers as he arrives at the special prosecutors' office for questioning in Seoul, South Korea, on Feb 25, 2017.
Samsung group leader Lee Jae Yong is escorted by police officers as he arrives at the special prosecutors' office for questioning in Seoul, South Korea, on Feb 25, 2017. PHOTO: BLOOMBERG

Samsung heir's trial begins

Samsung Group's billionaire heir Lee Jae Yong goes on trial today for bribery and embezzlement amid a corruption scandal that has rocked South Korea and led to the impeachment of President Park Geun Hye.

If convicted, Lee could face more than 20 years in prison. A verdict has to be delivered within three months.


Singapore Scouts' Job Week

The Singapore Scout Association's annual Job Week will be launched today by President Tony Tan Keng Yam, who is also Chief Scout.

Between Saturday and March 17, some 10,000 Scouts aged nine to 18 will knock on the doors of homes and offices to seek jobs and, in the process, raise funds for Scout programmes.

The aim is to build character and help young participants learn the value of honest work.


ECB policy review

The European Central Bank is unlikely to raise its key benchmark rates after its policy review meeting today, analysts say. ECB president Mario Draghi is, however, set to acknowledge the improved outlook at a press conference after the review. The ECB refinancing rate was maintained at 0 per cent for the eighth straight time in January, while its deposit rate is at -0.4 per cent. The monthly asset buying programme is also set to run at the current pace.

A version of this article appeared in the print edition of The Straits Times on March 09, 2017, with the headline 'What's Next'. Print Edition | Subscribe