haslinda: are you comfortable with where it is? where itk it is reflects the market, and of course the ministry of finance will keep a close watch on things, and we receive inputs from the industry. so far, so good. people know how to adjust. it depends on where you are. spaceda: in the political as thailand move towards an election next year, are you concerned investors may be on the politicaliven uncertainty that the country went through as it moves to democracy? , what we haveence been doing, focusing on communicating with investors, both local and international, that things are moving forward in a steady manner, like the eec for example. we get questions all the time, what would happen after the election? a new government comes in come up with the eec continue? my answer is definitely. why? we are putting in place measures, initiatives, that would ensure that a major project like the eec would be able to go forward. for example, the eec act is .ending before the parliament it will be reported to the national assembly soon. ensu

haslinda amin is in bangkok.d a great interview with the president of the stock exchange. rishaad: we have got the thai industry minister, talking to him about their infrastructure push. they have airports equipped to take 35 million visitors per year. they want to get that up to 90 million, so that will cost a lot of money. we will ask how they do it. we do have haslinda doing that. we will be taking a closer look at corporate governance in china. offformer boss being carted or having tea, i don't know. what is going on with on bank and corporate china. betty: always a hot topic. thank you so much. we will see you in a few moments. this is bloomberg. ♪ ♪ david: what propelled you to one want to join this company? brian: i always wanted to work for my dad. david: did he say you could start at the bottom and work your way up, or did he say you could start at number two? brian: that is what i wanted to happen. david: did anybody say is he ready to be president? -- n: david: have you ever had problems with your cabl

haslinda amin did that and joins us.t has the korean economy been hurt by the backlash we saw with the controversy following the employment -- appointment of the minister? haslinda: it has been wide-ranging. -- the rivals dropped 40% in march. products pretty much filed off non-tariff measures, and companies in particular have been badly hit, sales have declined, but of late the pace of retaliation has somewhat subsided, and that has to do with president mood's election -- moon's election. as you heard from the finance minister, labor relations are not where he wants them to be. the sign they are looking for, according to some people, is this. seeings, if you start streaming website uploading, then relations are ok. look for that, but economic indicators for sure. betty: you have been quite busy .t aiib you spoke to the egyptian finance minister. what did he say about the egyptian economy which is showing signs of improvement? haslinda: you are right, the egyptian economy is recovering according to the finance minister.

let's get over to singapore and join haslinda amin haslinda:. haslinda: capital one was the banks acedut is 33 the stress test. it has been asked to resubmit plans by the end of december. the banks are expected to pay out close to 100% of earnings over the next four quarters them up much higher than the 65% last year. to global cyber attack seems be abating, but leaving big victims in its wake. it could suffer material damage worldwidebug hit operations of its tnt unit. shares closed up more than 1%. it shutdown systems in india and the u.s. east coast, and it is carrying out a full assessment after damage. china may block coal imports as beijing tries to exert stricter control of the prices of supply. the government is trying to balance keeping prices high have to support domestic miners while keeping them below levels that harm power producers. the impact of the band may be minimal given china's overcapacity. macau is installing facial recognition at atm's to verify identity and crack down on money laundering. union pay is installing the custo

." ♪ ♪ haslinda: hello, and welcome to "high flyers," the show that gives you a 360-degree view of asia'se. today, we meet a man who has links to two enormous but very different industries. his father founded indonesia's oil and gas conglomerate citramas group, but he chose to explore his passion for film. let's meet infinite studios' mike wiluan. ♪ haslinda: in cinema, there is hollywood and there is bollywood.

. ♪ ♪ haslinda: hello, and welcome to "high flyers," the show that gives you a 360-degree view of asia'soday, we meet a man who has links to two enormous, but very different industries. his father founded indonesia's oil and gas conglomerate citramas group, but he chose to explore his passion for film. let's meet infinite studios' mike wiluan. ♪ haslinda: in cinema, there is hollywood and there is bollywood.

let's get caught up with first word news now with haslinda amin .of the decline is apple, microsoft, and out for that. they account for nearly 30% of the weighting. the dow and s&p 500 are roughly unchanged over the same. . china's corruption watchdog has found incidence of fake data, the second announcement this year about unreliable figures. falsifiednies official reports according to the federal commission. provincehis year, one admitted faking data from 2011-2014. president trump travel ban has been defeated and a second appeal as the supreme court considers whether to take up the case. the court of appeals in san francisco said the president exceeded his authority by suspending nationals from six mostly muslim countries without showing how letting those people in hurts america's interests. the white house says it is confident the supreme court will uphold the ban. u.s. attorney general jeff sessions will testify on capitol hill on tuesday. under pressure to explain his role in fbi director james comey and contacts he had with russia. sessions w

posco to haslinda amin.e director of the civ has said russia did investigate the american election. mike pompeo said he could not provide details of the intelligence, but the evidence is there. the white house has downplayed this involvement, and some think that trump campaign colluded with the kremlin. disabledttack communications in the parliament saturday with access to emails disrupted. a bunch of britain signal intelligence agencies, this came days after the password for employees and othera bunch of os were seen on russian hacking sites. 150 people were killed when a fuel tanker exploded in pakistan. does not knowue what caused the truck to crash and villages are cleaning up spilled oil. the death toll will rise as many see extensive burns your this happened on the eve of eid. people are still missing after a landslide in southwest china. this happened in a village in the sichuan progress that included 61 homes. manydies were found, but may not accounted for. the local government says an estimated 8 mi

haslinda why aren't you that : concerned about the weaker inflation data?ation is , influenced by a lot of different factors. we have seen some transitory things push inflation down. when i look more broadly over the trends of the past couple of years, i see inflation measures moving towards our 2% goal. we are still below that, but with a strong economy growing at a good pace and unemployment getting towards 4%, that will give us an up you up draft to inflation and move us into i think 2% within a year or so. haslinda: so if you continue to , see inflation below 2%, would you have to rethink the june rate hike? would that make sense? john: well i'm not saying what , we will or won't do in june. but i think our strategy is a good a gradual movement of one. interest rates back to normal. let's not forget that even today, interest rates in the u.s. are very low. a $4 trillion balance sheet, so we are still giving the economy a good push where we have monetary policy today. just a gradual process of moving back to normal over the next few years. i am comfortab

i am haslinda amin.e president trump describe the prime minister as a true friend. fundamental differences stand between them on issues such as the h-1b pieces used by many indian companies and the paris climate accord, which trump has abandoned. attack disabled communications in the u.k. parliament saturday with lawmakers access to email disrupted. the house of commons is investigating along with the national cyber security center. the breach came two days after the times reported that the passwords for officials were for sale on russian hacking sites. britain is turning to emerging markets to shore up trade as brexit will its existing deals on an uncertain footing. a statement from the prime promisesoffice improved access for the world's poor countries and to maintain existing duty-free access for everything but arms for 48 countries. to lee has committed up to $19 billion to clean up to fail banks in one of its wealthiest regions. the deal involves another lender taking over the good assets with state

[applause] ♪ ♪ haslinda: hello and welcome to "high flyers," the show that gives you a 360 degree previewiness elite. today, we are joined today by one of the world's leading chefs. after learning his trade at top restaurants in europe, he moved to the u.s. he has gained attention of the celebrities and the hollywood elite, so much so that he hosted the oscars dinner more than 20 times. let's meet wolfgang puck.

the economy during question we have the official pmi data yesterday, and we have the unofficial haslinda: pmi for manufacturing out in and six minutes. >> just about six minutes. it is expected to get a little bit. still in positive territory, the weakening. this is a survey of mostly private sector, smaller manufacturing as opposed to the official pmi. it tends to be more bearish, understandably, because in the chinese economy, the smaller enterprises have less, fewer channels for financing and they are finding tougher conditions right now, so the forecast is for this manufacturing pmi to get to 50.1 from 50.3 in april. the official pmi yesterday was a bit better than expected, but still at an 8-9-month low at 51.2, so conditions with the deleveraging campaign, it has stabilize, but not doing so well right now. i wanted to go into, we have a chart on the total debt in the chinese economy as they work on this deleveraging, $28 trillion and counting. of charts for this. there you go could look at that. the opposite of a seesaw, the renminbi, right? rishaad: you can go back in time. >> $28

. ♪ haslinda: hello and welcome to "high flyers," the show that gives you a 360 degree preview of asia'say, we are joined today by one of the world's leading chefs. after learning his trade at top restaurants in europe, he moved to the u.s. he has gained attention of the celebrities and the hollywood elite, so much so that he hosted the oscars dinner more than 20 times. let's meet wolfgang puck. luxury steakhouses, high-end asian dishes, and homemade -- gourmet pizza.

haslinda: yes, and contact is important. the auction was pronounced come up before the election was known. we have known the result, the situation appears to be slightly more politically unstable in the u.k.. was possessed just beginning to get its arms around or its head around what the next few years was going to bring, you think? there was stability to return after the brexit vote. guest: certainly instilling confidence and we have seen concerns about economic uncertainty have decreased. context is important. ailst we have seen quite notable shift in confidence and it's twice the level it was just after the referendum, it's just fractionally above the average of the survey. guy: what are the biggest issues they face right now? guest: i think what we did see when i was here in general it time, there was a story we saw an increase in confidence of manufacturing, but a decrease in retail wholesalers and we put that down to an exchange rate story, the difference during importing and exporting. this time we are seeing a much s

haslinda: a new cyber attack hitting companies and institutions from europe to the u.s., accompaniedy ransom demands. have inn 2000 entities hit from government systems in nuclearto the chernobyl facility. google's record 2.7 billion dollar fine in the eu could be just a fraction of the costs it may ultimately face for skewing search results in its favor. dent googlesill $90 billion cash pile, and the regulatory backlash targeting services, thus the chance of further penalties. weif we find noncompliance, are of course will have to prove it, even though you will have to pay the penalty from day one of noncompliance, but let's see if we get there, because i see no reason why google should not comply. they have a very strong incentive. you have a strong company and we need to competition in the markets for shopping comparison. it needs mores time to reach final agreement on the sale of its chip is this business. it had wanted to sign today. western digital and kkr submitted final of this -- final bids. hong kong exchanges and clearing services can explain tuesday's sudden plunge in man

that is the finance minister speaking exclusively to our haslinda.t to show you quickly what is happening to the egyptian pound. bit. widening a little you are looking currently at about 2.4 in terms of demesne -- in terms of the mean. we will talk about the market for islamic finance that is in turmoil. this is bloomberg. ♪ >> these are the first word headlines. u.s. secretary of a trip to mexico on monday to shine results of the qatar crisis. this eight department says he has already had more than a dozen on conversations with gulf and regional leaders in what is the first confirmation that the u.s. is attempting to mediate. washington faces a delicate situation with saudi arabia, its biggest gulf ally, but qatar closing its middle east headquarters are it barclays is said to be ready to plead guilty to u.k. charges that it filed -- failed to make proper disclosures about a multibillion capital raised during the financial crisis. the bank is racing for a fine of as much as to enter million pounds, or $250 million. the office is expected to announce

the year two that haslinda price. -- the year to date gasoline price.avid: julie hyman with that update. resident donald trump has been in office less than half the year and enough to send opinions of america leadership around the world plunging. this is bloomberg. ♪ anna: i am anna edwards. david bank i am david gura. mark crumpton. mark: president obama said health care will does president trump said health care will be -- presidental trump said health care will be "really special" if they can get it done. president trump: it will be great health care at a reasonable cost. we get rid of so much and a lot of the taxes and all of the bad parts of obama care. it's essentially a repeal and replace. mark: senator leader mitch mcconnell postponed a vote on health care until after the fourth of july recess. nine republicans said they would not support of the legislation. microsoft analysts and police tracked the cyberattacks to a ukrainian company. the ukrainian police say a software update on woodley contained -- unwittingly contained the virus, it started

i am haslinda amin.t trump's agenda another speed bump, with senate republicans delaying a vote on another health care bill. they said the debate, which was drafted in secret by mitch mcconnell -- the delay is campaignetback on the to repeal and replace the 2010 affordable care act act -- act, or obamacare. president trump: we are getting very close. before the country, we have to pass health care. it cannot be obamacare. the other side is saying all sorts of things before they even knew what the bill was. this will be great if we get it done. if we do not get it done, it will be something we not going to like, and that is ok. >> the imf cut its outlook for the u.s. economy under the assumption president trump tax cuts and infrastructure plans would fund growth. they see expansion at 2.1%, down from 2.3%, and cut next year's figure, as well. they said the u.s. will struggle to hit 3% growth, in face of low unemployment but no productivity. janet yellen gave no indication that plans have changed. while te

haslinda: theresa may will seek new terror powers if she wins this week's election.g after this saturday night rampage, she said there has been too much tolerance of extremism in the u.k. dead andk left seven 21 critically injured. 12 have been arrested. the election campaign has been suspended for a second time and also halted after the attack in manchester last month. defense officials calling for greater security cooperation to counter the growing threat of extremist linked to the so-called islamic state militant group. the need to contain terrorist activity was high on the agenda at a three-day shangri-la dialogue in singapore. it came with the philippines fighting militants and news of terror attacks in london. the world bank has maintained its outlook for the global economy, forecasting a modest pickup despite uncertainty about monetary policy and rising protectionism. 2.7ees expansion of percent, rising to 2.9% next. the bank said manufacturing and trade are picking up, confidence improving, and financing conditions remain benign. hiring andys promoting women

david: good reporting from haslinda amin in singapore.n appetite for whole foods, but does it need brick-and-mortar retailers in its portfolio? we hear the views of one investor. this is bloomberg. ♪ angie: this is "bloomberg markets: asia." david: let's get a check of your business flash headlines. midday, the chairman was taken into custody. the company says investors rated office is over the weekend before detaining the chairman. he is suspected of violating the securities and exchanges act and the financial holdings act. angie: southeast asia's biggest online luxury retailer is planning to raise as much as $150 million to engage investors. they want to boost their marketplace business and expand in china, japan, and south korea. valued atof was several million dollars in late 2014, making it the most valuable in southeast asia. david: australia's biggest insurer is considering putting more money into corporate infrastructure. they previously bought corporate notes and subsequent is outside the country. saysead of investments some corp

outlook in the early going, let's get first word news in singapore with haslinda amin.ajor concession conceding ground that the european court of justice must be the final arbiter for the rights of eu citizens living in britain. theissue is set to top agenda in brussels in july. the u.k. has says it is prepared to consider the establishment of a new arbitration body in conjunction with the eu. president trump postponing a complaint against former fbi director james comey so as not to antagonize the special counsel investigating his campaign's alleged ties with russia. they had planned to file a complaint about the release of memos. sources say the president's still intend to launch the suit at some point. tensions will be high when the president meets the new south korean leader, greeting moon jae-in on a four-day visit. president trump slammed the trade agreement with south korea as a job killing deal and said he will renegotiate or scrap a deal signed by george w. bush and updated by barack obama. u.s. security officials are demanding airlines around the world step of