MORNING MINUTES: What will make headlines today, July 21, 2015

The Monetary Authority of Singapore will release its annual report at noon today. PHOTO: BLOOMBERG
The Monetary Authority of Singapore will release its annual report at noon today. PHOTO: BLOOMBERG

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.

MAS annual report out today

The Monetary Authority of Singapore (MAS) is releasing its annual report at noon today. MAS, which manages Singapore’s foreign reserves, last July reported a reversal of a $10.6 billion loss to post an overall profit of $15.8 billion for the financial year ended March 31, 2014. This came as the MAS made investment gains and foreign exchange valuation gains on its official foreign reserves, which totalled $343 billion at the end of March 2014 and make up more than 90 per cent of the assets on the central bank's balance sheet. - MARISSA LEE

Launch of disaster relief programme

Defence Minister Ng Eng Hen and Minister of State for Health Lam Pin Min (in white) meeting members from the Singapore Armed Forces and Ministry of Health at Paya Lebar Air Base on May 11, 2015. The team returned from earthquake-hit Nepal where it treated about 3,000 injured and sick people. PHOTO: ST FILE

The S Rajaratnam School of International Studies is launching its Humanitarian Assistance and Disaster Relief Programme today. The programme aims to enhance coordination among civilian government agencies, militaries, non-governmental organisations, faith-based organisations and civil society groups to better deal with disasters in the Asia Pacific region.

SPH Staff Volunteers Club celebrates 5th anniversary 

SPH Staff Volunteers Club is marking its 5th year today with two worthy causes.It will be treating 40 seniors from Toa Payoh Care Corner Seniors Activity Centre to lunch. And the meal will be at Dignity Kitchen, a social enterprise that trains the disadvantaged and disabled to be hawkers. - TOH TING WEI

Modi faces opposition to labour reform proposals

Employees sit during their lunch time inside a textile mill at Gurgaon in Haryana, northern India in this April 16, 2014 file photograph. Prime Minister Narendra Modi is preparing to launch India's biggest overhaul of labour laws since independence. PHOTO: REUTERS

Indian Prime Minister Narendra Modi will brace for fierce opposition to his labour reform proposals when a new session of parliament starts today. His plan to merge 44 labour laws into four, which include measures giving factories more leeway to lay off workers, has irked the country's top 11 unions, which have threatened a nationwide strike on Sept 2.