What's Next: May 11, 2016

1MDB, which defaulted on dollar-denominated bonds last month, faces another coupon payment today.
1MDB, which defaulted on dollar-denominated bonds last month, faces another coupon payment today.PHOTO: AFP

1MDB faces another coupon payment

1Malaysia Development Berhad (1MDB), which defaulted on dollar-denominated bonds last month, faces another coupon payment today.

The troubled state-owned investment firm did not meet a US$50 million (S$68.5 million) coupon payment last month amid a dispute with co-guarantor, Abu Dhabi's International Petroleum Investment Company, which triggered cross defaults on RM 7.4 billion (S$2.5 billion) of 1MDB debt.


Road safety for pre-schoolers

To help keep children safe on the road, Audi Singapore will launch a road safety programme today that targets pre-schoolers aged five and six. A collaboration with Pat's Schoolhouse, the "Audi Future Drivers" programme aims to educate over 900 children across Singapore on the importance of road safety. Children who participate in it will learn about using the road safely through role-play. They will also learn about traffic signs and what they mean.


Asia's impact on global economy

The Lee Kuan Yew School of Public Policy has teamed up with the Peterson Institute for International Economics in Washington, DC, to launch the inaugural Asia in the World Economy roundtable - an annual forum for scholars, policymakers and business leaders to discuss policy issues and trends concerning Asia's impact on the world economy. This year's two-day event, which began yesterday, covers key contemporary policy issues.

A version of this article appeared in the print edition of The Straits Times on May 11, 2016, with the headline 'What's Next'. Print Edition | Subscribe