Samsung scion to begin appeal

Samsung Electronics vice-chairman Lee Jae Yong will today kick off an appeal against his five-year jail term for corruption, in a case highlighting South Korea's issues with the family-run conglomerates that dominate the economy. The 49-year-old, heir to the Samsung Group, was convicted by a lower court last month of bribing former president Park Geun Hye to help strengthen his control of Samsung Electronics.

Helping contractors prepare for future

At a time when the construction industry here is facing unprecedented pressure to transform itself and rely less on cheap foreign workers, the Singapore Contractors Association is looking at how it can better prepare local contractors amid the changing landscape.

It will announce details at a dinner tonight to mark its 80th anniversary.

Final data on US Q2 economic growth

The United States will release final data on economic growth in the second quarter of this year. The second estimate for the quarter released earlier showed an expansion of an annualised 3 per cent, well above a preliminary reading of 2.6 per cent and beating market expectations of 2.7 per cent.

It was the strongest growth rate since the first three months of 2015, led by consumer spending.