Good morning! Morning Minutes is a round-up of stories that will break on Thursday, Nov 26, and which we think you'd be interested in.
It appears on weekdays, available by 7am.
MANUFACTURING DATA OUT TODAY
Data on the local manufacturing sector’s performance in October will be released today (Nov 26).
The monthly numbers are watched closely by economists, as factories make up a fifth of the Singapore economy.
The sector's performance has flagged in recent months amid a lacklustre global outlook and rising domestic business costs. - CHIA YAN MIN
CARPARK DATA APP UNVEILED
The Intelligent Transport Systems (ITS) Lab launches its first showpiece app Park&GO@ SG, today (Nov 26). It collaborated with Housing Board and Land Transport Authority to create this app which will provide drivers with real-time data about carpark lots availability and pricing within the proximity of the car while it is cruising on the road. It has the potential to lead to less traffic congestion in and around parking spaces in Singapore, saving drivers both time and money.
GST ON INDIAN PARLIAMENT AGENDA
India’s Parliament reconvenes for the winter session today (Nov 26), with the government attempting to push through controversial tax reforms, including the implementation of the national goods and services tax (GST).
The GST, which is expected to begin on April 1 next year, will create a unified national market for goods and services for the first time since independence in 1947 and boost the economy by an estimated two percentage points.
But with no agreement on what rate the tax should be levied at nor on the threshold at which the tax should apply to small businesses, some officials have said the Modi government could miss its self-imposed deadline to pass the GST Bill.