Japan's policy on Asean
Japanese Foreign Minister Fumio Kishida is to deliver a speech today on Japan's policy on Asean. Japan and the 10-member bloc marked 40 years of ties in 2013. Through the years, Asean and Japan have forged close cooperation towards peace, stability, development and prosperity in Asia. They have established a business partnership, with total trade reaching US$229.1 billion (S$310 billion) in 2014.
SCAL Cricket Challenge
The Singapore Contractors Association (SCAL) is hosting the SCAL Cricket Challenge Cup for migrant workers. The two-day event, which started yesterday at the SCAL Recreation Centre in Soon Lee Road, recognises the contributions of migrant workers. A total of 23 teams will battle it out in front of thousands of spectators. Prizes will be presented today.
Some respite before US jobs data
After a rocky patch on stock markets last week with the Straits Times Index falling 3.47 per cent over the five sessions, investors will be relieved at a relatively light few days of significant economic data. However, on Friday, they will be watching for the US non-farm payroll figures, expected to show further strength in the US jobs market. That would be good news for the US economy but may again raise the spectre of more rapid interest rate hikes.
