Morning Minutes: What will make headlines, May 3, 2016

Sembcorp Marine engineers commissioning state-of-the-art control and monitoring systems on board a semi-submersible rig.
Sembcorp Marine engineers commissioning state-of-the-art control and monitoring systems on board a semi-submersible rig.PHOTO: SEMBCORP MARINE

Good morning! Morning Minutes is a round-up of stories that will break on Tuesday, May 3, and which we think you'd be interested in.

It appears on weekdays, available by 7am.

Programme to train Singaporeans to be marine engineers to be launched

A $1.2 million Tripartite Engineering Training Award Programme will be launched today (May 3) to train more Singaporeans to be marine engineers on board commercial ships.

The programme, to be unveiled by Manpower Minister Lim Swee Say at the Devan Nair Institute for Employment and Employability (e2i), hopes to address the acute shortage of marine engineers faced by the maritime industry.

An entry-level 5th or 4th marine engineer can earn an average of $4,000 per month while a Chief Engineer can make close to $10,000 a month. - OLIVIA HO

Australia to present its federal Budget


Australian Prime Minister Malcolm Turnbull (right) talks with Treasurer Scott Morrison at Parliament House in Canberra, on May 2, 2016. PHOTO: REUTERS

Australia will present its federal Budget today (May 3) under increased scrutiny as it doubles up as an unofficial launch for the early election on July 2.

The Turnbull government is keen to show voters that it can be trusted to manage the economy and balance public finances after years of deficits, and Treasurer Scott Morrison, who will be presenting his first Budget, is expected to announce an A$5 billion (S$5.1 billion) fund for major public transport projects.

However, Mr Morrison has echoed Prime Minister Malcolm Turnbull's call for the country to "live within its means", and has said today's Budget will not be a typical one.

DBS to announce Q1 financial results


A logo of DBS outside an office in Singapore. PHOTO: REUTERS
 

DBS Group Holdings will unveil its first-quarter financial results this morning (May 3). - RACHAEL BOON