could derail what asean is working for? nazir: for sure.t is a much longer conversation, but i think they's world order,, dependency on the u.s., etc. has to be questioned. we all assume it the dependency on the u.s., will foe led by globalists. clearly, that shifted. the u.s. is much more self-centered in that way. i think it is important that emerging markets in the region offsetcollaborate to some of the potential risks coming out from a more insular u.s. haslinda: this meeting is being held amidst a lot of challenges, including what is happening in turkey. trade tensions in the u.s. and china. in your view, what is the biggest challenge the region faces? nazir: the biggest challenge, long-term, is the 4.0. short-term is the make sure we actually help each other through this more difficult time. some markets are more vulnerable to the rise of the u.s. dollar. i think the ways our central bank and governments can collaborate. haslinda: there you have it, live razak, speaking us from the world economic forum in hanoi. our coverage continue

but some of the asean countries they have to worry there is a strategic element to this.a lot of money to cambodia and lao. it is clearly -- and it provide a veto within asean which operates on a consensus basis. you can count on them sticking with china and preventing asean from doing anything which china might find objectionable. >> we are witnessing a rapidly expanding presence of china in the indo ocean region, and we understand that china has a desire to emerge as a major maritime power. we don't quarrel with that, but what is happening has implications for us. >> i think that when you have a rising power like china, countries which are close neighbors like india, or countries which were the dominant economic power like the united states have to think about their position, and they might get a bit uneasy because of the strength of china, and the way in which china once too, quite understandably, link up with the rest of the world. stephen: and the rest of the world now means much more than just the routes along the ancient silk road. globalization, conductivity, 21st

-asean business council. good to have you on the show.u first heard the news that donald trump was not going to asean, was not going to aipac, what was your reaction? michael: my first reaction was what a mistake. this is just the wrong time to do that sort of thing. he had a chance at this point to go to both asean and aipac, and at least at the summit, he would've had a chance to meet with xi jinping and talk about the issues between our two countries, but i am afraid that opportunity is gone, and although vice president pence is going to be a good channel to carry messages back to the president, without the president there, there is very little chance that there will be breakthrough in terms of the trade issues between china and the united states. ramy: we have couched this as a counterweight, asean to china. when we see the retreat or the optical retreat at least of the united states from the asia-pacific, from the indo pacific, through the lens of china, how do you feel about that? what do you think beijing us thinking -- is thinking

vietnam's prime minister is promoting the region he says asean is already home to the world's largest economy digitalisation would drive growth further. we've been the world's factory until now that creates growth but now we'll see faster growth through innovative ideas it's in. the move. but the downsides of a technological revolution are also being openly discussed in hanoi millions of jobs could be at risk and inequality could rise especially for women. what we're seeing with the digital economy and as it grows is that the great strides that the as young countries have made in closing the gender gap is actually widening again. we're seeing that women have less access to the internet less access to mobile phones. every person should be able to afford a smartphone that's one of the demands here that today at least would give everybody access to the digital economy. this week marks ten years since the collapse of lehman brothers an event of triggered the global financial crisis and the impact could also be felt in asia already struggling with inequality especially in countries such as

is there a possibility then, that some of the asean partner countries could intervene here?e it privately rather than publicly. that is the issue with asean, they discuss behind closed doors and you don‘t really find out about it until about a year later. a massive fire has ravaged the national museum in brazil, destroying much of the largest anthropology and natural history collections in the americas. museum staff in rio dejaneiro have blamed a lack of funding for the blaze which is said to have turned the country‘s history to ashes. katy watson reports from rio. a cherished institution up in flames, and the nation‘s history destroyed. this museum was home to 20 million artefacts, but few are expected to have survived this intense blaze. with the fire now out, the extent of the devastation is becoming clear. experts say the loss of brazil‘s most important scientific institution is incalculable. a collection rich with extinct species from the americas, dinosaur skeletons and this, a i2,000—year—old human skull called luzia. most of that could have been lost. it is the patri

it is a corridor running from china south through thailand, and to asean all the way. >> each countryown interests, has to make sure that what ever loans they incur are affordable, not only to this generation, but to subsequent generations. the two loans we have negotiated, the first one is for a dam, $62.5 million, and the second one is for the development of a municipal water project. that is around $200 million. we are currently negotiating a larger loan, and this will be approximately $2.8 billion, and this will be for a railway project. again, improvement of the railway project. >> we have set up in indonesia infrastructure projects, and based on that, we identify which project we feel we can then propose to be included in the bri. the biggest challenge is the execution. out of the 50 at the moment, we were only able to utilize nine, so we are still far to go, so while the funding is there, the number of requirements we have to follow in order to get that. haslinda: other risks, unmanageable costs? >> there are definitely many, right? as you know, indonesia at the moment is in a

dave: we're talking china's road initiative that could reshape asean. look at the opportunities and also this next. this is bloomberg. ♪ rishaad: we are back in this is bloomberg markets. i'm rishaad salamat it in hong kong. dave: a quick check of your headlines. we're starting things off in india where the biggest lender there says the currency may be set to recover as oil prices peak and investors except the currency has not been sold off too much. are talking about state bank. it is likely to be self-correcting. sbi also says while the weakness stems from the u.s.-china trade war, it may help in this economy. to sell its products elsewhere did rishaad: american airlines has become the last of the leading u.s. carries to raise its fee for checking bags. like its rivals, and now charges $30 for a first. they adopted the fee after jetblue took the lead. dave: bloomberg has been told in early talks to buy a food delivery company for $7 million. the uber ceo has made food delivery -- as a top priority ahead of the plan for early next year. was last valued

hut then it's much they just took an office building visit us through it and that is they include in asean the out of the here and born and finally. there that . will. move. that's all from sara's music critic day pop is really a force of nature i just love to see you next time once there is music by so pat you've guessed what you're going to have to do the serious music corn challenge and we just practice once it's really very easy oh yeah this is go. i think that's it you're going to be fantastic please but should print something not at all just on your lips your lips you have to provide for what is this that these are the valves of change the notes if you want to do that already have what you want to do ok then you just go perp like i want to do with this hand this hand you put in here either i mean it's a long long long story i'll explain so and you can just blow it open a little. with. a. with passion. since phoenix is. in washington is taking on mislead. to make a corporation that's copies more time. for its own pocket water production. thomas and his neighbors in the french town of

vietnam's prime minister is promoting the region he says asean is already home to the world's largest economy digitalisation would drive growth further. we've been the world's factory until now that creates growth but now we'll see faster growth through innovative ideas it's in. the move. but the downsides of a technological revolution are also being openly discussed in hanoi millions of jobs could be at risk and inequality could rise especially for women. what we're seeing with the digital economy and as it grows is that the great strides that the as you and countries have made in closing the gender gap is actually widening again . we're seeing that women have less access to the internet less access to mobile phones. every person should be able to afford a smartphone that's one of the demands here that today at least would give everybody access to the digital economy. now at the summit. by claridge caught up with a former indonesian finance minister. to discuss the region's economic outlook. you're the former finance minister in tunisia what is your estimate of the current economic s

here in the king's mortuary temple the ram asean in the ancient town of thieves lies the head of one such statue originally seventeen meters tall the figure would have weighed a thousand times. by the second year of his reign ramsay's the second was already adding to the great temple of amnon in luxor he built this fifteen meter tall adorning the entrance. the king was obviously aware of the superhuman efforts he was demanding from his workers he paid tribute to them in these words you my workers chosen for your strength and the skill of your hands building monuments for me in great numbers skilled in working with precious stones you know the types of granite you know the secrets of sandstone oh hard working and they will builders i shall live as long as the monuments you raise. ramsey has commissioned a huge pillar to hold to be added to the great temple of. its sometimes named as one of the seven wonders of the world the whole of the size of a small football pitch and contains a forest of one hundred thirty four highly decorated sandstone columns. back. again and again this cartouc

about where the cast is that the asean summit currently underway in vietnam she caught up with former indonesian fight as minister. i asked him about rising inequality and how to tackle the problem. well as a former finance minister of course the obvious instrument for this would be difficult policy. increasing the tax ratio in order to make sure the debt spending and social assistance you know could be made because we have to have enough money for that but the second one is also to improve. the sign and thought of the thing about the social spending. let me give an example on the issue like. pension yeah we need to do the human. being to protect the poor we need to make sure that the one who get a benefit of the support will be the poor people let me give an example in the case of indonesia we subsidized the poor for fuel subsidy but in fact the one who got a benefit put his feel subsidy and middle and upper class and not the poor so giving a subsidy through you know like the fuel subsidy it's better to give like a cast on a conditional catch that ends well that kind of policy is ver

they be eating a lot of very few allegations against gration like those by name a tool of asean unmounting d w reporters took photos during many visits to north western posts yet to go be no the some refugees this say these injuries were inflicted by crace and border police. an hour north of here is one of the border crossings integration into the. we confront a local border police chief with the allegations but he dismisses them. the croatian police strictly adhered to the law and regulations i emphatically reject every allegation that the creation police are acting unlawfully of. the e.u. border runs right through a former warsaw dominantly muslim be had was heavily contested during the bosnian war and hostages many refugees. in one nine hundred ninety two there were more than fifty thousand refugees here so the number of migrants today is not really so high many think it's high simply because there's no solution in sight. very clear. like often in this multiethnic state the nationalist parties of the boss next creations and serfs have been at odds also on this issue and elections are im

they say we welcome the vice president mike pence who will go in trump's stead to the aipac and aseaneetings, but there is no question that any vice president doesn't have the gravitas of the leader of the free world, so this is a disappointment. analysts who look closely at u.s. political relations, they think it is a mistake, and really it is opening the door pretty wide for china, which will be out in force at both of these meetings, promoting the belt and wrote initiative and emphasizing its role -- road initiative and emphasizing its role as one who cares about the asia-pacific region. i would say a big win for china. haidi: thank you so much. ros krasny. let's talk about the role of beijing. it is a big week with the escalating trade war between these two countries. on thursday there is a proposed additional tariff of $200 billion of chinese imports. trump did order that new round of duties implemented as soon as the public input is met. david ingle is following the latest devoutness. what is likely to happen? time are two months the midterm elections, so you will hear and amped

i think the issue really for the asean region where we talk about children is to to lose the power of the investments in education. to beyond that in. should we save the day and see and respect for dignity. on the asean emphasis on some dignity and respect and equality if it means they are in the in the in in the makeup of the as in society that dignity and respect and in so high but not necessarily taught in schools for example for children in a way that really advance equality. that that advances inclusion you were talking about children living with disabilities children from from ethnic minority girls versus boys that's not part of the educational program so when we look at children and yes children are impacted more by by by. how from the death in those are all waves are always children eighty percent are children and women because men are stronger around can run away faster so that's very much part of the reality but i think you know i'd like to focus our attention on on how we in this region with its emphasis on education really put emphasis on on inequality and on on dignity an

allegations against grayson like those by ny mattoon of asean unmounting reporters took photos during many visits to north western policy at sego vino the some refugees this say these injuries were inflicted by creation border police. an hour north of here's one of the border crossings into creation into the. we confront a local border police chief with the allegations but he dismisses them. the croatian police strictly adhered to the law and regulations i emphatically reject every allegation that the creation police are acting unlawfully of. the border runs right through a former warsaw dominantly muslim be had was heavily contested during the bosnian war and hostages many refugees. in one nine hundred ninety two there were more than fifty thousand refugees here so the number of migrants today is not really so high many think it's high simply because there's no solution in sight many many thousands of the story. like often in this multi-ethnic state the nationalist parties of the boss next creations and have been at odds also on this issue and elections are imminent. nationalists her

. ♪ haslinda: joining me to discuss the outlook for asean, the

0bviously asean and china have played this non— interference against upbeat to them, relations with thery. quite clearly this is a major blow against press freedom in myanmar and is something that will reverberate through the ranks of the local press for quite sometime as intimidation and self—censorship take hold. for quite sometime as intimidation and self-censorship take hold. a big blow to press freedom and freedom of expression. how does this ruling now look for myanmar‘s in the practically to? i think this is an indication that that democratic future is dimming. —— myanmar‘s dramatic picture? what we are seeing is an eroding of independent sensibilities, the right to speak out, free press, to have a protest. all of those are under threat. so could be said that the sense that she is not really in control of myanmar, but the military?” she is not really in control of myanmar, but the military? i think the military is in charge of everything, including the court process. she is going along for the ride, she is not making the decisions to figure out whether she will be a part of the s

and that will inevitably make life for a few chase such as name a tool of asean here even horse many living just outside the e use external borders say the year. merely shifting the problem further down the balkan route. now to some other stories making news around the world today supporters of pakistan's prime minister now a sheriff and his daughter have celebrated their release from prison the country's three time leader was removed from office and jailed for corruption in july but has been freed pending an appeal hearing shari says the charges are politically motivated. colombia is growing record amounts of cocoa the raw material used to produce cocaine last year coca acreage increased by seventeen percent according to the u.n. colombia has long been the world's biggest cocaine producer president even two k. has pledged to implement new measures against drug trafficking. in peru lawmakers of backed president martin is caught or is call for a referendum to combat corruption in the political and judicial system parliament will fine tune the proposals before the vote is held in decem

in asean startups come up betting on the growing middle class and the population.g so we expect theurces in this part of the world and an sure that the growth we have been seeing in this part of the world continues to be sustained. this meeting is also important because it comes amid all the issues we have been seeing in the world, including a trade war in the u.s. and china that is escalating. i broach the topic in my discussion with vietnam prime minister. he says, everybody needs to be concerned about this trade war. >> the trade war between the u.s. and china, the two biggest economies which are also the two largest trading partners of vietnam will surely impact our country. andver, a resilient vietnam a resilient member of his our house inl get order so that we can overcome any obstacles. important for vietnam is that we continue to maintain our growth, maintain macro economic stability, maintain levels of export and the living standards of our people. haslinda: can you quantify the impact of the trade war on vietnam's economy considering that close to 100% of what you produce

you have got, for example, the president of the united states pulling out of those big powwows asean november so president xi can swoop in like the most capitalist communist out there. the big guy. the big guy on the stage i will be the one who is championing free markets here. i will be your imf star back stop to countries in our region that have had currency crises. he can have the spotlight and china ha hs economic, political and military ambitions here, if the u.s. is not here, china has free rein here >> there's a couple of different questions i have about the region you have some conflicting forces there. you have the china pride they are an important player in the world stage, president xi has his pride. but you have a chinese market which is down 25% to 30% this year it is feeling the effects. also talk to us about the ripple effects. you live now back in sydney, australia. the australian market is not immune to any kind of contagion that may come from the chinese economy. >> absolutely. as you know well, everything that we dig out of the ground in australia gets gobbled up b

the white house says mike pence will travel to singapore for a summit hosted by asean before heading to an open gathering. the summit is usually intended by 18 leaders, including xi jinping and vladimir putin. prime minister theresa may and opposition labor leader jeremy corbyn are under fire as british lawmakers prepare to return to work this week. for may, the issue is brexit. the proposed agreement was attacked by michel barnier who said he strictly opposed it. it was also derided by her former brexit secretary. -- continues to be china welcomes african leaders to beijing today amid criticism its development plans on the continent risk saddling countries with debt. xi jinping is facing criticism with chinese academics raising doubt. his keynote speech gives him a chance to defend the initiative and he is expected to stress the importance of cooperation and consultation. nigeria says it expects opec and its allies to continue curbs on oil production. brent crude has risen from a low $50 to the high $70. the country's oil minister told bloomberg if prices stay as they are by the end

the world economic forum twenty eighteen on asean from hanoi vietnam. you know originate. d.w. presents a high profile panel discussion hosted by i'm reaching up. accelerating inequality reduction by limiting the d.w. debate at the world economic forum fund asia. question in forty five w. . time for an upgrade. how about funding sure that grows all buying. a house with no roof. or design highlights you can make yourself. in stoops in tricks that will turn your home to a special. upgrade yourself with d w's interior design channel on you tube. state by state. the most colorful. the life of. the most traditional. find it all at any time. check in with a web special. take a tour of germany state by state. on w. dot com movement fighting for the case to be taken seriously in the words of what appears as come out. of this talk on d.w. though they do use the film superhero on a mission to change attitudes smart women smart talks smart strange alleging this and by no means missed out on a brain creasing dangerous time. you're watching the news coming to you live from berlin pleasure t

one of the interesting things that bill mentioned was the asean region you look at cloud and the opena initiative, the idea that even a small business in indonesia can now use sap, adobe, microsoft to welcome that much more efficient is the real opportunity. so you bring down that barrier to be able to use the latest and greatest technology for every business in every part of the world by really working together it is easy to get started, easy to take data from one place to the other, easy to use ai to create new experiences, and it is amazing in some sense, we are commoditizing it >> do you expect increased pace? >> if you look at the r&d budgets, they graduate to m and a. but the organic investments each of us is making is by far the largest. we're going to compliment that, supplement that where it makes sense, but i think the real thing that you're seeing is driven by organic growth. >> it is an extraordinary moment, having the three of you talk about this open data initiative thank you all. back to you. >> good stuff, jon thank you very much. jon fortt in orlando monitoring rosens

countries commenting on this weather was the australians are united states but you did not see the asean standing up.>> i think from our perspective since we are so focused on the south china sea, that is for good reason because the united states as a major interest which is free to amend navigation. we lose sight on how must southeast asia cares about this. care about the disputes generally. half of them are in a group that cares and have that really doesn't care at all. they claim to care but then you have to break it down and how much each of them care. for all of them, a perfect case in point. they are not willing to sacrifice their relationship with china. it is not a major issue for them .>> let me clarify your point. you are saying that the philippines and perhaps the other nations are willing to sacrifice maritime territory and rights? >> i think the philippines is actually sort of navigating that saying they will not sacrifice territory and the resources is the number one interest whether it is resources or hydrocarbons. as long as they feel they worked out an arrangement that t

we are talking about president trump skipping the asean and apec summit. what could this mean for relations? i think the timing is significant, the backdrop being the ongoing tensions between the u.s. and china. we have a signal that he will not attend the talks in singapore which are dedicated to trade. the u.s. has pulled out of the gpp and has raise concerns about the cost of maintaining the security alliance with japan and korea. questions of bad u.s. commitment to the asia region and it may give china an opportunity. and i was going to point back to win president barack obama missed one of these in 2013 when he was facing the prospect of a government shutdown and we saw how china managed to take opportunities out of that. how could china capitalize? enda: you are right to make the point, the u.s. is sending the vice president and previous presidents have had their own issues. none the less, it does give because opportunity they are playing the role of a defender of the global order. they are preaching they are in favor of multilateral institutions and

the various southeast asian countries, asean and so on, the russians are in the equation although i would say marginal but the competition within east asia in the region and in washington is intensifying and also the interests in certain ways are diverging. we can see this clearly with respect to the north korean missile issue which directly challenges japan but confronts korea in a somewhat different fo form. the most immediate for korea, the tan jent tangents across t. and in the future as that rises those challenges for the united states so there's significantly divergent interests so i think the title of this particular session, bruce, has been very apt in selecting it because the interests are diverging and then the united states has to choose among those various competitors in the world and in washington. of course it has a point of departure, the alliance itself with the united states and the republic of korea but if one's orientation is deal making, the temptation is to choose among perspectives that are rivals of one another each of whom has something to offer is tempting. lookin