MORNING MINUTES: What will make headlines today, July 30, 2015

The Singapore Chinese Orchestra (SCO) performing at Nee Soon East Courtyard. The concert is part of SPH Gift of Music.
The Singapore Chinese Orchestra (SCO) performing at Nee Soon East Courtyard. The concert is part of SPH Gift of Music. ST PHOTO: LIM SIN THAI

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.

SPH Gift of Music celebrates 10th anniversary

SPH Gift Of Music, the free community concert series sponsored by Singapore Press Holdings (SPH), celebrates its 10th anniversary with a special concert at the Esplanade Concert Hall today.
The lunchtime concert is being performed by the Singapore Symphony Orchestra and conducted by Music Director Lan Shui.
A $400,000 cheque from SPH and SPH Foundation will also be presented to the Community Chest by Dr Lee Boon Yang, chairman of SPH and SPH Foundation. - MELISSA LIN

David Cameron to seal trade deals with Malaysia

British Prime Minister David Cameron at the Government Office in Hanoi on July 29, 2015. PHOTO: REUTERS 

When Mr David Cameron swings by Malaysia today to seal trade deals and push for greater cooperation in the fight against terrorism, he will come under pressure to speak up on the growing graft scandal at a state investment fund that has embroiled his host Prime Minister Datuk Seri Najib Razak. The British premier had told the press "nothing is off the table" ahead of the final stop of his four-nation tour of South-east Asia. 

US Federal Reserve Chair to release policy statement

Federal Reserve Bank Chair Janet Yellen holding a news conference on June 17, 2015. PHOTO: AFP

Investors will be closely watching signs for any future rate hikes when US Federal Reserve Chair Janet Yellen releases a policy statement today at the end of the two-day Federal Open Market Committee meeting.

At their last session in June, Fed officials’ updated quarterly forecasts indicated that two rate increases this year would be appropriate, based on the median projection of 17 committee members.

Ms Yellen had reiterated this month that increasing interest rates will depend on “unfolding data in the months ahead”.  By changing their assessment of the economy and the risks it faces, Ms Yellen and her colleagues could suggest the central bank is closing in on its first rate increase since 2006, perhaps as early as the following meeting on Sept 16-17.