Good morning! Morning Minutes is a round-up of stories that will break on Tuesday, July 5, and which we think you'd be interested in.
It appears on weekdays, available by 7am.
Launch of new community trauma support network for children
A new community trauma support network for children will be launched by KK Women's and Children's Hospital and Temasek Cares today (July 5). The Stay Prepared - Trauma Network for Children will strengthen existing capabilities and resources to help children suffering from post-traumatic emotional and psychological difficulties. Traumatic events include injuries due to accidents, domestic violence and physical abuse. Temasek Cares is the non-profit philanthropic arm of Singapore investment firm Temasek Holdings.
UK Conservative leadership election
Britain’s Conservative Party will begin voting for a new leader today (July 5). The candidate – among the five standing – with the least support in the vote will be eliminated and the process will be repeated again on Thursday and next Tuesday until only two candidates remain. Ms Theresa May, a party stalwart who has run the law-and-order portfolio in the cabinet for six years, is the favourite to succeed Prime Minister David Cameron while her strongest rival is Ms Andrea Leadsom, 53, a junior minister who was a leading figure in the campaign to leave the European Union.
Bank of England’s stability report
The Bank of England will release its financial stability report today (July 5) and is likely to address concerns over the long-term stability of the system following the Brexit vote. Shares of British banks have tanked since the vote and many expect poor prospects for London as a global financial hub when Britain finally walks away from the European Union.
Philippine annual inflation figures out today
Economists expect a rise in Philippine annual inflation - to be released today (July 5) - at its fastest pace in more than a year in June due to higher food costs and an increase in oil pump prices. The consumer price index is expected to have edged up to 1.9 per cent, the highest since April 2015. The estimate remains just below the central bank’s 2-4 per cent comfort range. The Philippine central bank expects inflation to average 2.0 per cent this year and 3.1 per cent in 2017. It kept the overnight borrowing rate steady at 3.0 per cent at its June 23 meeting.