Morning Minutes: What will make headlines, Nov 10, 2016

The trees at the Supertree Grove in Gardens by the Bay.
The trees at the Supertree Grove in Gardens by the Bay.PHOTO: ST FILE

Good morning! Morning Minutes is a round-up of stories that will break on Thursday (Nov 10) and which we think you'd be interested in.

It appears on weekdays, available by 7am.

New attraction at Gardens by the Bay

Gardens by the Bay unveils its newest attraction - The Canyon - today (Nov 10). Designed by established Japanese landscape architect Junichi Inada, it  encourages visitors to explore a different facet of nature by showcasing a collection of massive, naturally-sculpted rocks in intriguing forms, complemented by unusual plants from hot and dry regions of the world.   Minister for National Development Lawrence Wong is Guest-of-Honour at the event.

No-confidence motion against South African President to be decided in Parliament


South African President Jacob Zuma speaks to delegates at the Harare International Conference Centre in Harare, Zimbabwe on Nov 3, 2016. PHOTO: EPA

South Africa’s Parliament votes today (Nov 10) on a no-confidence motion against President Jacob Zuma. The vote was called by the main opposition Democratic Alliance party after the release of a report by the anti-corruption watchdog calling for a judicial inquiry into allegations of influence-peddling in Mr Zuma’s government. 

Philippine Central Bank expected to leave monetary settings on hold


A logo of the Central Bank of the Philippines is seen at their main building in Manila, Philippines. PHOTO: REUTERS

The Philippine central bank will likely leave monetary settings on hold today (Nov 10), but higher US interest rates and rising inflation at home will probably push policymakers to tighten policy early next year.

Economists predicted the central bank will keep its main policy rate steady at 3.0 per cent at its rate review. The central bank will also keep the interest rate corridor intact, with economic growth forecast to continue at a brisk pace and inflation remain benign. Philippines annual inflation in October was steady at 2.3 per cent, bringing average inflation in the January-October period to 1.6 per cent, below the central bank’s 2-4 percent target for the year.