asean centrality means we will keep working with and through us the on -- asean.r, president biden announced more than 100 billion dollars to bolster cooperation with asean across key areas to include public health. the president will be inviting asean leaders to a summit to discuss how we can deepen our strategic partnership. we are strengthening strategic partnerships with other countries in the region. singapore, vietnam, malaysia, and of course indonesia. that is the reason i made this trip. we are also deepening ties between our people. the signature program to empower the rising generation of leaders in southeast asia has more than 150,000 members and counting. finally, we will work to connect our relationships in the indo pacific with an unmatched system of alliances and partnerships beyond the region, particularly in europe. the european union released and indo pacific strategy that aligns closely with our own vision. at nato, we are updating our strategic concept to reflect the indo pacific's growing significance and address new threats like the security

the trip that a number of you were on, but not just me -- the president, of course, engaging with asean, elevating the quad leaders' summit, having as his first visitors the leaders of japan and south korea, and so on. the vice president's trip to singapore and vietnam, virtually every senior official in this department and other relevant departments, including the commerce department, the treasury department, engaging with allies and partners in the region, and that will continue. when i was there just this past week in indonesia, in malaysia, coming off of the g7 meetings in liverpool, one of the things i was able to do was lay out our vision for the region, the basic approach we're taking to the indo-pacific. a lot more of that's going to get fleshed out in the weeks and months ahead, but at least in the responses that i got, it seemed to resonate. so we're -- the foundation is there, we're going to be building on it. and speaking of build back better, we have build back better world, which is a program that was announced at the g7 by the president and our g7 partners to make signifi

engagement with key allies, with nato, the european union, the united nations, the oecd, the g7, the g20, asean. we created aukus, we elevated the quad with two leader-level summits, we launched the build back better world global infrastructure initiative. we're much more aligned with our allies and partners now than we were a year ago on nearly every issue, including russia's aggression toward ukraine and its neighbors, iran's nuclear program, and china's efforts to challenge the rules-based international order. and i can attest from my dozens of face-to-face meetings with counterparts in every region of the world that they're glad -- frankly, relieved -- that the united states is once again engaged and once again leading. at the start of the year, we said that we would lead the global effort to end the covid-19 pandemic. since then, we've donated more than 330 million vaccine doses to more than 110 countries, on our way to 1.2 billion donated doses next year. that's more than the rest of the world combined. we've led the world in funding covax, the global partnership that distributes safe vac

member states need to make sure to make sure they are not selling arms to myanmar, and asean needs to convene action on the five-point consensus agreed to in april, calling for an immediate end to the violence in myanmar. we need mediation to find a diplomatic solution to the situation in t country. >> myanmar is under a military junta, the military overthrowing the civilian government after the party one at election deemed to be fair and well held, by the international community. inger, clearly this is a distressing situation for you personally as a group -- you personally and as a group, what would you like to hear from the military to going forward? >> what we want hear is the inrnational community coming together and finding a solution to this situation in myanmar. the country needs peace, they need a lasting peace in the country and people ne to be held accountable for what has happened. but we as an organization are committed to stay in the country. we have been there since 1995, and the needs the myanmar people are facing, articulately children, are dire. there is a need for th

that occurred in myanmar at the outset of this year, and people look to ozzy on -- people look to aseano take leadership, but their history is not to criticize politics of member countries. to this point, the limited response was not to invite military government to attend the annual meeting, and that was a big gesture. when it comes to the diplomatic boycott of the olympics, we see a mixed reaction from countries in asia. some of them, especially the closest u.s. allies, might participate at some level, but at least in recent hours or days, the reaction from south korea, for example, has not been so enthusiastic to join the boycotts, and when it comes to democracy summit -- again, we do not see leaders in asia -- outside of china, of course -- with their reaction, but in the more democratic countries in this part of the world, the ones that are flawed for the ones that we can safely say are not so flawed, they are not that enthusiastic about this summit but were really to do their part here in asia to help spread the ideas that the biden administration will be talking about during the

. >> finally, your overview of what asean looks like in 10 to 15 years.ill be i think a hotbed of technology companies, growth companies. i expect a lot of companies within vietnam or taiwan or indonesia to be pan-regional. i think you will see a lot of regional unicorns that emerge from asean. this is basically maybe china 510 years ago. -- five, 10 years ago. a tremendous opportunity the next five, 10 years to develop regional unicorns. rishaad: masan group ceo there. let's have a look at some key stories we are following. data we're also looking for out of the region. indonesia looking to attract $348 million in direct investment next year to micro, small, and medium-sized enterprises designed to boost competitiveness. pledging to invest $200 million in renewable energy to add to existing portfolios. the philippine airlines winning court approval for its reorganization plan, paving the way to exit bankruptcy. right. coming up, hsbc private bank southeast cio discussing -- discussing what he is bullish and bearish -- this is bloomberg. ♪ bloomberg. ♪ ri

oh, does americans to get the cove at 19 jab, asean bails plans to fight the rapidly spreading omicron variance ah ha ha ha ha, every one on camels. santa maria with the world news from al jazeera, also ahead reports sedans. that prime minister intends to step down a month after he was reinstated under a deal with military rulers. also libby as much awaited elections thrown into uncertainty after a surprise moved by the head of the electoral commission and turning discos into crypto currency mining. phong's, argentines are innovating to survive as their economy grapples with a decades long debt crisis. years president joe biden has told millions of and backs and i did americans, it is their patriotic duty to get a knock highlighted against covered 19 the amazon variance. now accounts for almost 3 quarters of all new cases, but in as worn, the unvaccinated face. so winter of severe illness and death is not a raft of measures as well to try to limit the rapid spread. alva micron, including 500000000 free at home rapid tests, military staff, are also being brought in to help overwhelmed h

asha but when you say china for example, could stop it, i guess you would believe as well that the asean countries could stop it. your words, sir, not mine if they wanted to. china is looking in on this because china does not want some thing, a huge conflagration spilling over the border into chinese territory. that's clear, that's been china's settle stance, settled stance. and we've known that for a long time. chaos in miramar is not good for chair instability in miramar. it's not good for asha is destroyed. the whole regions now go in 19 is out of control. as you rightly say, job human trafficky, drug trafficking, refugee flooding across the country, and a crisis crossing international. moral is not the good for china, nothing good for us her. so the problem is now, is there the willingness to stop these before it's becau on thought before before, and become too late? it's already too late for us and to take action. and from china to play action thermal at the is the future piece is the future prosperity that the future not only for me, m r, but for entire region. and for our neighbor

yvonne: you think indonesia stands out amid asean?ean: yes, vaccine rollout have delayed some recoveries. but indonesia has economic momentum and they are really opening and can unleash a lot of pent-up demand as we've seen in the u.s. and europe in the last nine months. rishaad: how interested are you in the digitization? we see ideas coming through, we were doing interviews, the first unicorn yesterday, it is quite something. are we missing the boat? sean: there are two stories, one is that asean has a lot of ability to scale. for digital models, it is perfect to enhance returns. the second is, what we've learned from china is digitization brings about disinflation. you get a long-term secular drop in the inflation rate. you essentially get large productivity gains being built into the economy from digitalization. five years from now, these economies will not have any inflation problem at all, but will be having low inflation. i'll come back in five years. [laughter] david: some of the plays one would have thought would benefit from

today is not so much the focus on russia, it's more on the asean members who will be joining.re will be focus as well on owe covid and health issues, china obviously in the afternoon. but this convergence on the issue of russia and the potential for troops -- its troops going into ukraine, yes, a strong message from here expected. >> so more on this convergence. as the g7 puts on this united front, to warn of consequences, how is russia responding? >> reporter: the russian embassy in the uk, obviously the uk hosting this g7, responded to comment busy the british foreign secretary, liz truss in the lead-up to the summit. they're rit criticizing her for making this what they're essentially saying, for all intents and purposes, a fake argument. russia, they say, have no intentions, their words, of putting its troops inside ukraine. they say the russian embassy says that it's actually the civil war in ukraine that is boiling up at the moment and that's a cause for concern. they say it's the british and other nato members who are pushing their troops towards russia's borders and es

japan, india, public of korea, asean network of trade agreements. so they extended trade and commercial and investment presence on the ground. we wanted to go beyond it, that's why we have launched the strategy which is adding also security elements and a more holistic approach to our powers in the working region. again this morning, wendy will say, we have found a lot of common ground, a lot of areas we can and want to work together and we can do some very substantial advantage. it's not only about us, but it's also about the rest of the region, how to work bet we are them. wendy mentioned that we have just released our economic data strategy, covering the whole world, covering the areas and connectivity. we have tried tools defiep a financial package to support the strategy that we want to be open, we want to be transparent. we want to be sustainable financially, economically, socially and mentally. and on that point we can do a lot of work together. finally, what you say, wendy, secretary blinken and high officer burrell on security and defense,

. >> yeah, and quickly, sunday, nic, there's going to be asean invitees, most of them virtual.do-pacific. what headlines likely there? >> reporter: yeah. i think we're going to see more of, you know, allies across the world, like-minded allies, you know, facing down autocracies. in this case it's going to be a lot of discussion about china. sunday as well, do expect conversations about covid, about vaccines, about omicron, which of course is a variant that people are worried about. if the third world didn't get enough vaccines, remembering that at the g7 summit, a billion doses of vaccine were promised to developing nations. many critics said that wasn't enough. that would allow potential variants to escape, and here we are in that scenario. so again, pressure on delivery on covid vaccines around the world. >> all right. nic, thank you so much. nic robertson there in liverpool for us. >>> and returning to our top story, the powerful storm system making its way through the central u.s. at least 24 tornadoes reported across five states. parts of western kentucky are being hit har

that they had some kind of a deal with the architect of this bloody military coup, but according to asean what we can see with our eyes, he has not kept with his side of the bargain. he was to stop the killing. well over 1200 have been killed so far according to one advocate group trying to keep count, but everybody around admits that the actual number of dead is likely far higher. paula? >> yeah, and we'll continue to keep an eye on that situation. as you said, there's still a lot more legal proceedings ahead. paula hancocks for us, appreciate the update. >>> now, new covid testing requirements are in effect for all travelers coming to the united states. it's part of an effort to curb the spread of the omicron variant which has already been found in at least 16 u.s. states. you see them there. now, anyone boarding a flight to the u.s. must have proof of a negative covid test one day before take-off, or 24 hours. plus foreign nationals must be fully vaccinated to enter the country. that requirement not yet in place for u.s. citizens. a travel ban is also in place for south africa where th

helicopter and asean sky and that's not normal at all. the whole building was just gone and shambles. there's people screaming people trying to climb out people who are crushed. tornado survivors in kentucky begin to digest this scope of damage they see around them coming up. emergency crews rushed to find more people trapped in debris. also see how tech junkies are making it more difficult for you t every day in business brings something new. so get the flexibility of the new mobile service designed for your small business: introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you get unlimited data for just $30 per line per month when you get four lines... or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. click, call or visit a store. ruins and destroyed a candle factory in kentucky, where more than 100 people were working as fox and madeline rivera tells us

on the fundamental side, asean is extremely well-positioned.arnings growth has been trending really well. revenue growth is doing well. brazil and mexico could survive with upside. we feel good about that. china has really borne the brunt is the biggest driver of em growth, and it could be healing a bit, especially after the news yesterday, and india, which is otherwise not a particularly positive wildcard, but we expect em risk to come up a little bit. >> talking about the outlook when it comes to emerging markets in light of the fed to an even more hawkish there. you can follow all the days trading action and get the asian reaction as markets wake up on the bloomberg. you can get a market rundown, guest commentary, and analysis from bloomberg's expert editors right now. let's take a look at some of the movers we are watching today. we are seeing some downside extending session lows to over 8%. we are also watching the surprising announcement when it comes to replacement of the aging fleet at qantas. qantas also's paying they see -- so saying

yvonne: there has been so much focus in the region, when it comes to asean, what excites you and worriesartha: what excites us the most is there's really a big opportunity. regulators are very supportive of us. we have been working alongside them all throughout this journey. at the same time, its ability of the philippines of the country to evolve even during the pandemic into a digitalized country, especially at a time when they need it the most. it allows more filipinos to be empowered and more digitally savvy which equalizes their position alongside other countries. we have seen a lot of activities, we have been excited with the ipo's happening left and right. we hope that some day we can do that. but in the meantime we are focused on growing our penetration within the countries. yvonne: martha, thank you so much for your time. coming up, alibaba announces big management changes, even as the stock continues to hit a new lows. we have the details coming up. this is bloomberg. ♪ this is bloomberg. ♪ yvonne: alibaba us to continue to plummet. taking a look -- alibaba stock continues to p

shery: tell us about your indonesia call because we continue to see optimism about asean nations. >>f i had to make a list of markets are like the most, we like china but would like indonesia a little bit better. i've been looking at indonesia for over 30 years. it is seldom that we see all the stars aligned. you see inflows as people went to use the nickel. that supports the currency. the inflation is low. coal prices have gone up. that is good for world incomes in indonesia. people have slightly moved over wayland and tunisia. plenty for it to go. earnings growth looks healthy. more retail participation. i have my nephews in jakarta trading stocks as well. it is a healthy market in that sense. shery: it has been interesting to see retail traders across asia ba active. you mentioned india. that market has done so well this past year. is there still room for upside echo >> -- for upside? >> i think there is still room but not a lot. indian valuations are not only high but if you compare with china, we have not seen india being so expensive as in the past versus china. india is a rela

that, of course, centers on our valued alliances in asean and reinforced by mechanisms both old and newncluding the indo-pacific quad, the five is and the triangle of the u.s., japan and south korea. and finally, we remain steadfast to our one-china policy and our commitments of the taiwan relations act to support taiwan's ability to defend itself while also maintaining our capacity to resist any resort to force that would jeopardize the security of the people of taiwan. now, we're working to bolster deterrence and not seeking to change the status the quo. as president biden told president xi last month, we share a profound global responsibility to insure that the competition between our countries does the not veer into conflict whether intended or unintended. and we're going to stick to what president biden calls simple, straightforward competition. yes, we have real differences both over interests and values. but the way that you manage them counts, and we're going to be open and candid with china's leaders. as president biden put it, we need to talk honestly and directly with one ano

continues to threaten the viability of israel and other regional nations and china's prepared to bully the asean nations into submission and declare their regional i had gemny on hong kong and the entire region. just this year china surpassed the united states in battle force ships and is rapidly approaching parity in our combat aircraft. do we have the courage to stand up to these regional tie ran thes? do we oppose an iranian regime who threatens to destabilize neighboring countries while they seek nuclear capabilitys? or even do we seek to appease a north korea who continues to threaten south korea and even the united states with their nuclear expansion? our nation sits at the press if is of a national -- precipice of a national security inflexion point. i know which path our nation should selection and -- select and i'm emboldened to make sure our nation is prepared to choose at a time of our choosing that will be in the best interest of our nation. a strong national defense is necessary to preserve our democratic ideals and the nations who seek to live free from subs gaition and oppression.