robust and consistent en-- asean. robust and consistent engagement with southeast asia is critical to realizing our indo pacific strategy. this measure ensures that america remains a pacific power and a critical power in southeast asia as we address the challenge of china. so we need to work collectively with asean so that we can tackle shared challenges such as economic resiliency, global health, climate change and attacks against the rules-based international order. our partnership with asean will be essential in delivering sustainable solutions to our combined one billion people. so, again, i urge all of my colleagues to support this strong bipartisan bill and i reserve the balance of my time. the speaker pro tempore: the gentleman from new york reserves the balance of his time. the gentlewoman from missouri is recognized. mrs. wagner: mr. speaker, i yield as much time as she may consume to the representative from california, my good friend and colleague, young kim, who chairs the foreign affairs subcommittee on th

>> i see on -- asean has been largely ineffective and part of the problem, if it's a failure to push for justice and accountability or authorities in asean states participating in the human trafficking of rohingya, which we have documented at length. there are some glimmers of hope. malaysia has certainly found its voice with regard to calling for justice and accountability and advocating for the rights of the rohingya and all the people of myanmar. indonesia is the chair right now, so we are hopeful indonesia will be able to move that bloc a little bit closer to a more respectable position with regard to human rights. right now, the way that asean is dealing with the military junta in myanmar and the way they have dealt with mass atrocities right in its neighborhood is really -- you know, it is indicative of the bloc's inability or unwillingness to address these issues. it really needs to change. >> there are so many crises going on simultaneously in the world right now. the ukraine war being just one of them. how difficult us all that make it for you and your colleagues to ensure t

and australia, it is shared by our friends in the region; by our friends in asean, the pacific islandsd the quad, and our other treaty and close partners in the indo-pacific and europe. aukus has one overriding objective -- to enhance stability in the indo-pacific amid rapidly shifting global dynamics. this first project is only the beginning. more partnerships, more protection, more peace and security in the region lies ahead. more partnerships and more potential, more peace and security in the region lies ahead. simply stated, we're putting ourselves in the strongest possible position to navigate the challenges of today and tomorrow together. i thank you again, mr. albanese and prime minister sunak. and the united states could not ask for two better friends or partners to stand with as we work to create a safer, more peaceful future for the people everywhere. i'm proud to be your shipmates. thank you. [applause] prime minister albanese: well, president biden, prime minister sunak, i am so honored to stand alongside you both here overlooking the pacific ocean as leaders of true and tr

connor cree, i recall, is just also repair rating sullivan, nationals and follows comments whiten asean president chi psi. who said my food, arriving in his country, were part of the plot to change its demographics. some of those arriving home and connor crew said they've been discriminated again since president side made his remarks. now rain forest and central africa a rapidly disappearing jude logging and mining. it's one of the issues on the agenda at the one forrest summit that's underway in gabon. leaders have gathered in the hope of finding ways to make profits from protecting forest areas from destruction. nicholas hong reports from ponder and cameron's congo over the basin, where he met the indigenous pick me people who call the forest home. in central africa lies a vows. tropical forest, the size of india, the congo basin. its trees absorbs more carbon than the amazon and it's referred to as our planets, other lung. guided by indigenous pygmies. we travel deep inside where camera meets equitorial guinea. we encounter an elder speaking to a tree. hello, an uncomfortable convers

the g-7, the quad, the asean, japan, korea. i have now met with 80% of the world leaders just since i've been president. we're the ones expanding alliances. the opposition's not. name for me where that's going and tell me -- i don't mean literally -- rhetorically, tell me how in fact you see a circumstance where china has made some significant commitment to russia? what commitment can they make economically? economically? pardon me. reporter: their trade has increased, sir. president biden: their trade has increased compared to what? look, i don't take china lightly. i don't take russia lightly. but i think we vastly exaggerate. i've been hearing now for the past three months about china is going to provide significant weapons to russia and they're going to -- they've been talking about that. they haven't yet. doesn't mean they won't, but they haven't yet. and if anything's happened, the west has coalesced significantly more. how about the quad? how about japan and the united states and south korea? how about what we've done in

we're all together the g seven quad, the asean, japan and korea, i have my staff point out to me. i have now met with 80% of the world leaders. just as i've been president were the ones expand the alliances. opposition is not name for me where that's going. and tell me what happened. i don't mean literally. rhetorically tell me how. in fact, you see a circumstance where china has made some significant commitment to russia. and what commitment can they make? economically economically. sir. pardon me is increased, sir, increased, compared to what. look look, i don't take china lightly. i don't shake russia lately. but i think we'd vastly exaggerated. i would hear. i've been hearing now for the past three months about china is going to provide significant weapons to russia, and they're going to be talking about that. they haven't yet doesn't mean they won't. but they haven't yet. and if anything's happened, the west has coalesced significantly more. how about the quad? how about japan and the united states and south korea? how about what we've done in terms of caucus? how about we? i

the g7, the quad, asean. i have now met with 80% of the world leaders just as president.can they make? economically. economically. they their trade increased, sir. >> compared to what? look. look. i don't take china lightly. i don't take russia lightly but i think we vastly exaggerate. i've been hearing now for three months about china's going to provide significant weapons to russia and they will -- been talking about that. they haven't yet. doesn't mean they won't but they haven't yet. and if anything's happened the west has coalecsed significantly more. how about what we have done? i just want to put it in perspective why i don't take it lightly what japan -- excuse me, china and russia are doing. we are united coalitions. we, we. the united states and canada. >> on tiktok, we made a similar decision to the american government and others saying we do not feel that the security profile is a safe for government issued phones. there are concerns around privacy and security and banned tiktok from government issued phones. the question, josh, was about what i do as a parent

in asean, the central banks raised interest rates, but nowhere near the 5% that the fed is about to deliverdavid: business has always been usual, i guess that is a strange way to describe that. so what is going well in the asia-pacific, the two top things driving growth? frederic: one is that we did not have the interest-rate shock. the bank system is in a sound footing here. and we have chinese growth giving us a floor on demand. right? when you look at new export orders, they are starting to inch up. tourism flows starting to come in in some markets, that is giving us a floor of economic activity. that should mean that for the second half of the year, asia is in the sweet spot. yvonne: it is almost like a goldilocks sort of outlook when it comes to china, because you are not really stoking inflation either given that it has been an uneven recovery so far. which economies are you most excited about than, in the apc reject? frederic: northeast asia you still have some cyclical challenges, when you think of semiconductor prices, korean won is still wobbly. still sticky inflation. but if you

of course we had the rba set to raise rates 25 basis points, unlikely to bruise the asean that much.nderperformer and the economy is struggling. policy at 6744. a mixed picture. iron ore up about 2% in bonds. yields trending a little upwards. 10 year yields under four. two-year yields at 4.9%. rishaad: quick look at what is happening with the open in bangkok. .6% up for the set. the thai baht, here we are looking at inflation numbers out in under half an hour. expected to come in year-on-year 4.1%. that would mean the bank of thailand is currently in his comfort zone, as it work. india looking higher but only marginally given the futures contract and the rupee stable after its recent advance. seeing the dollar come back against the bhat. not just cpi data coming out in a half an hour. 28 minutes away from another central bank, are we not? haslinda: that's right. we are counting down to the rba's rate decision. economists expect in the central bank to raise rates by 25 basis points. for more, let's bring in swati pandey. set to move 25 for the 10th time. the question is what will the

guest: we've seen great growth in asean. singapore 7%. malaysia 26%.everywhere else, we have great protection products and long-term savings products. overall, our margins and our volumes remain very strong. shery: what about the impact from the fluctuations in the currency and where your businesses are? guest: again the diversity comes into play and don't forget our largest business is in hong kong which is pegged to the u.s. dollar. the fluctuations impact us your on your, but with the diversity it has dampened. again, good performance. haidi: good to have you back. we have plenty more to come on daybreak asia. this is bloomberg. ♪ >> take a look at how markets are trading at the moment. financials are leading the declines on the asx 200. they have been hardly hit here in the u.s.. the kbw inc. index plunging on concerns about rising rates and their impact on those banking stocks. kiwi stocks also declining for a third consecutive session and are very much watching nikkei futures. f(jennifer) the reason why golo customers have such long term success

it also includes our work in the indo-pacific with asean, aukus, the quad, and european allies. in, closing as i have done before, i will conclude today by noting, as you did, mister chairman, the powerful bipartisan consensus that has a merged in the china challenge and the commensurate remade for the u.s. government to focus its time energy and resources on the end of pacific region is my enduring belief that we should be vigilant in perverting and enhancing a bipartisan reproach rain fundamental to our ability to compete effectively against the prc. thank you time and attention today, i look forward to your questions. >> thank you both, we'll have five-minute rounds, with as long as we can. let me start off, madam secretary. i view the china challenge as a multi dimensional issue. it's not simply a simple economic competition, security, cultural that goes across so many different dimensions, and in so many different parts of the world so, i look at that multi dimensional challenge and in my view, it's no secret that i believe are diplomacy and resourcing lacks when it comes t

, partners, and friends, as well as the regional architecture through collaboration with the quad, asean, and partners in the blue pacific. driving shared prosperity through the indo-pacific economic framework, bolstering regional security through enhanced maritime domain awareness, and more. these efforts support the ability of our allies and partners to make sovereign decisions in line with their interests and values, free from external pressure, while meeting their economic and development needs. with the resources and authorities provided by this committee and the congress, we will continue taking concrete actions to meet this moment. we recognize the scale and scope of the p.r.c. challenge will continue to grow. we will compete vigorously with the p.r.c., while managing that competition responsibly. and we remain willing to work together with beijing where it is in our interest to do so. in closing, let me reiterate our commitment to approaching our p.r.c. strategy in a way that is consistent with our values, with bipartisan efforts at home, and in lockstep with our allies and partn

of whether or not there was a crisis at the border just last year in november said, we are seeing asean challenge. when you see over 5 million illegal immigrants come across the border, that's not a challenge, that is a crisis. we are unwilling, it seems like, to admit that crisis is happening. after two years of gaslighting, obstructions, and lies, we are finally able to hear straight from the source. i want to thank chief aunt modlin and chief chavez for being here this morning. i have three questions i want to get. to about three minutes left, a lot -- i'm kind of curious about your testimony today, your joint testimony today. the funding, you mentioned a couple different ways that the border patrol could be supported. but the funding to construct a border wall was missing from your testimony. why is that? either if you can answer. >> congresswoman, thank you for the question. as i said, the border patrol would certainly appreciate any increases in funding. >> it was missing from your testimony. you both have said today that barriers, walls, whatever you want to call it or nuance it