Good morning! Morning Minutes is a round-up of stories that will break on Tuesday, July 26, and which we think you'd be interested in.
It appears on weekdays, available by 7am.
Parking app out today
A new iOS parking app will be launched today (July 26) to provide motorists with real-time data on parking spaces. The Park&Go@ SG app will enable those who drive to check parking spaces in retail, commercial and government buildings as well as HDB carparks. The app is a joint effort of Germany-based auto supplier Continental Automotive and A*Star’s Institute for Infocomm Research, as well as TUM Create, which is a collaboration between the Nanyang Technological University and the Technical University of Munich. An Android version of the app was launched in November last year.
US Democratic convention to start
US Senator Bernie Sanders and First Lady Michelle Obama will speak on Day One of the four-day Democratic National Convention – scheduled to start at 4am Singapore time today (July 26) – to anoint Mrs Hillary Clinton its presidential nominee. Mr Sanders, who has endorsed his primary rival, has been offered the prime speaking slot amid a row over leaked e-mail messages that show party leaders had sought to undermine his own presidential campaign.
Singapore industrial figures out today
Singapore industrial production for June will be released today (July 26). Output rose by 0.9 per cent in May compared to a year ago, powered by an expansion in the biomedical manufacturing cluster’s output. However, excluding biomedical manufacturing, output in May would have fallen by 2.3 per cent.
South Korea to announce Q2 GDP figures
Weak exports and capital investment continues to undermine growth in South Korea, which is set to announce its second quarter GDP figures today (July 26). Economic growth is expected to show little improvement versus the first quarter in sequential terms. The economy was expected to expand by 0.7 per cent in the second quarter from the first on a seasonally adjusted basis, according to analysts, accelerating slightly from 0.5 per cent growth in January-March.
Second quarter growth data, if weak, is unlikely to surprise markets as both Bank of Korea Governor Lee Ju Yeol and Finance Minister Yoo Il Ho have expressed concerns of a weakening in private consumption on top of underlying softness in the economy.