China to mark Asean milestone
A new round of Asean summits enters the second day in Laos today, with 10 leaders of the grouping scheduled to meet their counterparts from the East Asia Summit, which includes China, Japan, South Korea, Russia and the United States.
China has said that it will commemorate the 25th anniversary of the dialogue relationship with Asean today, pledging to deepen cooperation between the two parties.
COE tender results
The tender results of this month's first open bidding exercise for certificates of entitlement (COEs) are expected later today. The tender opened on Monday. At the close of the previous tender last month, COE premiums showed marginal movements. The COE premium for cars up to 1,600cc and 130bhp went up by 1.6 per cent to $53,334. But premiums for bigger cars - those above 1,600cc or 130bhp - dipped by 2.4 per cent to $56,500.
Malaysia expected to hold key rate
Malaysia's central bank is expected to keep its benchmark rate unchanged today, as the economy is seen to be coping with the global market volatility in the wake of the Brexit vote.
Less than two weeks after the June vote, Bank Negara Malaysia made its first rate cut in seven years, slashing the overnight policy rate by 25 basis points to 3 per cent.
Economists forecast no change to the rate this time around.