Good morning! Morning Minutes is a round-up of stories that will break on Wednesday, May 11, and which we think you'd be interested in.
It appears on weekdays, available by 7am.
Audi Singapore launches road safety programme for pre-schoolers
To help keep children safe on the road, Audi Singapore will launch a road safety programme targeting pre-schoolers aged five and six today (May 11). A collaboration with Pat's Schoolhouse, the Audi Future Drivers programme aims to educate more than 900 children across Singapore on the importance of road safety. Children who participate in the programme will learn about using the road safely as well as identifying the different traffic signs. - RACHEL OH
1MDB faces another coupon payment
1Malaysia Development Berhad (1MDB), which defaulted on dollar-denominated bonds last month, faces another coupon payment today (May 11). The troubled state-owned investment firm did not meet a US$50 million (S$68.4 million) coupon payment last month amid a dispute with co-guarantor Abu Dhabi’s International Petroleum Investment Co., which triggered cross defaults on RM 7.4 billion ringgit (S$2.5 billion) of 1MDB debt.
Thailand's central bank to keep policy rate at 1.5 per cent
Thailand's central bank is expected to keep its policy rate at 1.5 per cent, a level it has been at since April last year, when it meets today. Bank of Thailand Governor Veerathai Santiprabhob had said in March that fiscal policies will do more to improve the economy than lowering borrowing costs, and the government’s stimulus spending should show results in the second half. The finance ministry cut the 2016 gross domestic product growth forecast to 3.3 per cent from 3.7 per cent last month.
Lee Kuan Yew School of Public Policy launches annual forum with Peterson Institute for International Economics
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.
City Developments to report first quarter financial results
City Developments will report its first quarter financial results today. - RENNIE WHANG
SBS Transit to report first quarter financial results
SBS Transit will report its first quarter financial results today. - CHRIS TAN