What's Next: September 26, 2016

Former International Monetary Fund (IMF) chief Rodrigo Rato.
Former International Monetary Fund (IMF) chief Rodrigo Rato. PHOTO: ST FILE

Misusing funds: Ex-IMF chief on trial

Former International Monetary Fund (IMF) chief Rodrigo Rato goes on trial in Madrid today. He is accused of overseeing a "corrupt system" that helped him and other executives misuse funds - spending the money on hotels, parties and shopping - when he was a bank boss. He will stand trial with 65 other former executives and board members at Caja Madrid and Bankia, whose near-collapse sparked a European Union bailout of Spain's financial sector.

Start of PM Lee's visit to Japan

Prime Minister Lee Hsien Loong kicks off a four-day official visit to Japan today. During the trip, he is slated to meet his Japanese counterpart, Mr Shinzo Abe, as well as Emperor Akihito. The trip marks 50 years of diplomatic relations between the two countries. At the end of his visit on Thursday, Mr Lee will receive Japan's top honour for a foreign dignitary on behalf of the late founding Prime Minister Lee Kuan Yew.

Data on August factory activity

Data about the performance of Singapore's manufacturing sector last month will be released today. Economists expect factory output to tick up just 0.6 per cent compared with the same month a year ago, as manufacturers grapple with slowing demand both at home and abroad.

A version of this article appeared in the print edition of The Straits Times on September 26, 2016, with the headline 'What's Next'. Print Edition | Subscribe