1MDB report to be presented today
An initial report of the finances of 1Malaysia Development Berhad (1MDB) by Malaysia's Auditor-General will be presented behind closed doors today to the parliamentary Public Accounts Committee. No decision has been taken to make the report public. The state-owned investment agency amassed debts of RM42 billion (S$14.9 billion) in under six years amid swirling rumours of fraud.
Campaign to help people with dyslexia
People with dyslexia are at the heart of a new four-month campaign to be launched today by the Singapore Cruise Centre to mark SG50. It plans to raise awareness and donations for those with the learning disability.
Funds will be used to help dyslexic children from low-income families attend speech and drama programmes run by the Dyslexia Association of Singapore.
KL central bank unlikely to change rate
Bank Negara Malaysia is expected to keep its overnight interest rate unchanged at 3.25 per cent, holding a steady course amid market turbulence as corruption allegations plague Prime Minister Najib Razak.
Weakening exports, global economic uncertainties and febrile domestic politics have made the ringgit the worst emerging market Asian currency this year.