Good morning! Morning Minutes is a round-up of stories that will break today and which we think you'd be interested in.
It appears on weekdays, available by 7am
SAF Day: PM Lee to attend parade
The Singapore Armed Forces will commemorate SAF Day today. Prime Minister Lee Hsien Loong will attend a parade at the SAFTI Military Institute, while NSmen and their employers will take part in four SAF Day combined rededication ceremonies around Singapore.
Hong Kong pro-democracy protests expected following electoral reform veto
Hong Kong's pro-democracy protesters are expected to take to the streets on Wednesday to mark the 18th anniversary of the territory's handover from Britain to China. Protesters are expected to call for a restart of political negotiations with Beijing, despite the government’s earlier warning that it would not entertain any negotiations after the city's legislators vetoed a Beijing-backed proposal for electoral reforms on June 18.
The electoral reform blueprint would have allowed a direct vote for the city’s next chief executive in 2017, but only among pre-screened, pro-Beijing candidates. Following the veto, Hong Kong leader Leung Chun Ying had emphasised the need for the city to move on from the issue and focus on economic stability. While Hong Kong is part of China, it is governed as a Special Administrative Region, which means it has a different legal system and enjoys freedoms not permitted on the mainland. - REUTERS, AFP
President Tony Tan Keng Yam visits Tianjin
Singapore's President Tony Tan Keng Yam, on his first state visit to China this week, will on Wednesday visit Tianjin, where he will be conferred an honorary doctorate by Nankai University. The university is one of China's top institutions.
Dr Tan is expected to give a speech at the event and take a few questions from students. He will also meet Tianjin acting party secretary Huang Xingguo and visit Tianjin Eco-City, to see the National Animation Industry and the Low Carbon Living Lab, among others. Dr Tan's China state visit is part of a series of activities marking the 25th anniversary of diplomatic ties between the two countries. - TEO CHENG WEE
David de Gea makes appearance at McLaren showroom
Manchester United goalkeeper David de Gea makes an appearance at the McLaren showroom in Leng Kee on Wednesday morning. Will he finally open up about his transfer saga to Real Madrid? - LOW JAY SEN
China to release June PMI
China National Bureau of Statistics is set to release its June manufacturing index. Marginal improvement is expected in the index amid signs that the world's second-largest economy may be levelling out after a series of easing measures by the government.
A private survey released last week had showed contraction but it only focuses on small and mid-sized firms, while the official one looks at larger, state-owned companies. Private surveys of manufacturing indexes of Japan, Korea, India, Indonesia, Australia and the US are also to be released on the same day.
Bank of England releases Financial Stability Report
BoE governor Mark Carney will present the Financial Stability Report which assesses strengths and weaknesses of the system and the risks to stability. This time around the report is likely to discuss recent volatility in markets from Greek debt saga.
The BoE had, in its last report presented three months ago, highlighted threats of contagion from a Greek exit saying the UK’s links to highly-indebted euro nations remain “significant” and carry “material risks”, even though UK lenders have strengthened their finances and reduced riskier exposures since the euro-area debt crisis began five years ago.