In today's The Breakfast Brief, in Singapore an ABSD of 35% imposed on any transfer of residential property into a living trust. Inflation data in US and China continue to go up. The race for presidency in the Philippines between Ferdinand Marcos Jr and Leni Robredo continues Amongst all this, U.S. President Joe Biden will host a summit with ASEAN leaders to discuss regional and international subjects, including the Russia-Ukraine war and the worsening political crisis in Myanmar.