ocbc is growing its private banking -- 602 million u.s. dollars.bd it during its private banking arm. 's governor haslam can support. they will take write-downs. it is a chance for the r.b.i. to deal with an estimated $180 billion with that debt and revive credit growth that is expanding at its slowest pace since 1992. a proposal to create a bad bank has been dropped. philippine president rodrigo named the next governor of the central bank. topill succeed them on the -- the man who retires in july. he has been deputy governors of 2005. an economy is going more than 6% each year. among the fastest in the world and the currency under pressure. will this, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am in a melendez and this is bloomberg. anchor: we are coming down to some of the major market opens in the asia-pacific are us go to our reporter adam haigh, from sydney. i guess i don't have to guess what you will be looking at out of australia today with the budget just a couple of hours away. att will

and taiwan ease stocks up and on that, i want to look at ocbc after the lender delivered a surprise jump. stronger income at its wealth management. asia's second biggest lender. this bodes well. and i want to end on quapt us here. this as the highs. that.e.o. and he is saying the airline industries has turned acorner and yet to verify the flavor of the pie. >> what's a pie in the face between friends. et's go to the hong kong office. under the g is microscope. budget. g to deliver a and has been complicated by the wage increases and weaker growth after the mining investment boom. they present difficult a $21 billion. >> we have been listening and we understand that while australia has grown. ahead of the largest economies has been impressive. we understand that not all australians have expressed the growth expressly. >> it looks to restructure the power sector. d combined efforts of around $855 billion. and would absorb two of the largest two coal-fired generators. it is worried about being locked as it locks to hiring abroad. and the chairman told bloomberg the administration isal conce