so it was actually a rather progressive i think approach that we took in mongolia.resting phrase. just another point about the way the bank operates and the expectations that you impose upon those who receive your investment capital. you, in recent years, have invested in a series of projects, in serbia, i think in other parts of the balkans, romanian's another example, where having offered up significant investment, the projects that you've looked at have been mired in allegations of corruption, kickbacks, sweeteners, bribes. what kind of due diligence do you do? extremely strong. commercial banks cannot achieve our home loan rates. less than 1% of any projects in any year of approved projects go through that mechanism. if you look at the universe of projects we look at every year, we often reject because of integrity standards, social standards. we take all that out before we go to... in these cases, the serbian and romanian examples, another coal power plant that has been under allegations of corruption, how did this get through? they have to go through strong co

not n ot ofte n not often we talk about mongolia and not often we talk about the next story either.ng the world's second biggest condom maker. humanwell healthcare group will pay the australian health care giant ansell $600 million for the business. sharanjit leyl is in singapore. it isa it is a big deal? it is. it is a condom brand named afterjames bond. they are selling their business to the chinese consortium. you have humanwell health care group, partners and among the brands its selling sounds like james bond. china's condom market is lucrative, set to triple by $5 million and that is according to a report out. there is according to a report out. there isa is according to a report out. there is a lot more awareness of the benefits of condom is. sales in china have jumped in benefits of condom is. sales in china havejumped in two double digits ina china havejumped in two double digits in a year. and also the manufacture of wide range of drugs to contraceptive drugs to hiv test kits. there are many chinese manufacturers seeking to buy foreign firms to try to expand beyond their h

the issues are similar in mongolia. there are people wanting to invest.itics with the share of revenue in particular. we talk about rio tinto and others in the government. we achieved a good result because we also brought in new investors with that investment in the mine. it was a progressive approach. honest broker is an interesting phrase. another point about the way the bank operates and those who receive your investment capital. in recent years, you have invested in a series of projects in serbia, i think in other parts of the balkans, romania is another example. you have offered a significant investment, the projects you have looked at have been mired in allegations of corruption, kickbacks, bribes. what due diligence do you do? extremely strong. commercial banks cannot achieve our home loan rates. less than 1% of any projects in any year of approved projects go through that mechanism. if you look at the universe of projects we look at every year, we often reject because of integrity standards, social standards. we take all that out before we go to..

mongolia, were also hit.e attack is called unprecedented. >> it indicates 150 countries are affected and beyond 200,000 individual victims. >> reporter: the ransom ware works by freezing the computers, encrypting the files, with hackers demanding $300 in ransom to decode them or they'd be destroyed. called wannacry, it exploits a weakness in microsoft software first stolen from the nag security agency. it might have been worse if not for two young cyber security researchers. one goes by the name malware tech. he noticed every time it took over, it pinged back to an unregistered website. so he registered the website for about $10. his fellow sleuth was watching in michigan. darian huss. >> throu the domain, he activated the kill switch. >> reporter: huss said once an infected computer pinged the newly-registered website, it killed the malware, but he resisted being called a hero. >> it's what i do on a day-to-day basis. for me, it was just another day at the office, i guess. >> reporter: the head of europoll s

. >> here's a country we don't hear a great deal about, mongolia. >> the package with the imf is worth $5 billion. signing off on a three-year emergency funding package. it has contributed 434 million dollars. the rest is coming from the world bank, japan, south korea and others. hit in recenteen years by falling commodity prices as well as a drop in foreign investment. the chinese pc maker lenovo has returned to profit despite a fall in shipment in the years since the end of march. the firm lost its title as the biggest pc maker earlier to hp. revenue fell by 4% to $43 billion. car production in the u.k. dropped by over 18% last month. wasdirectory's -- decrease partly due to the easter bank holiday. rising inflation is likely to have an impact on consumer demand for cars. shares in the low-cost airline by over 10% in london after reporting record profits for the past year. earnings jumped by almost a third as the carrier took advantage of low prices and passenger numbers. >> a former u.s. treasury secretary has pointed to a mistake in donald trump's budget. summers posted a blog afte

different note, china daily has a picture lead of firefighters tackling a blaze in yimuhe forest in mongoliaration bullet train capable of doing 400 kilometres per hour is being developed in china. singapore's school system is famous for coming top of the class in global exam rankings. but now it's beginning to rethink its approach and put less emphasis on grades. not so much homework, and more play. it's a way to reduce some of the stress that many children in singapore are facing. but what will be the response to such a change in direction? sarah toms went out to investigate. asa as a mother, it is painful to see them this way. learning is about enjoying. you are supposed to enjoy what you learn to have fun and not get stressed and depressed about not getting the right answers.|j get stressed and depressed about not getting the right answers. i don't like home work because i have a lot of homework to do and i cannot do it. singapore has been on top of global education rankings for years, but now it plans to focus less on grades to prepare students for the future. there are other responsibi

germany's railroads were hit, france's renault car factory had to close, businesses in australia, even mongolia were also hit. europol's steven wilson called the scale of the attack "unprecedented." >> what we see just now indicates in excess of 130 countries are affected and beyond 200,000 individual victims. >> reporter: the ransomware idrks by freezing the computers encrypting the files with ezckers demanding $300 in ransom too decode them or they'd be d stroyed. called wannacry, the malware program exploits a weakness in microsoft's software, first nevealed in documents stolen from the u.s. national security agency. m might have been much worse if not for two young cybersecurity researchers. one goes by the name of malware tech. he noticed every time a virus took over a computer, it pinged back to an unregistered web site. so he registered the web site ter $10. his fellow computer sleuth was watching in michigan, darien huss. >> through that registration of the domain, he activated the kill switch. >> reporter: huss said once an infected computer pinged the newly registered web site, it kil

different note, china daily has a picture lead of firefighters tackling a blaze in yimuhe forest in mongolianeration bullet trains with a maximum speed of a super fast 400 kilometres per hour. they could be connecting the country by 2020. you are up to date with the papers. well as we've just heard, wednesday is world press freedom day across the globe. the day is organised by the un agency unesco, and champions the fundamental principle of a free media. it also aims to defend journalists from attacks on their independence. the latest un report on press freedom gave singapore low marks, said the government was into —— intolerant. it also claimed there was a lot of self censorship. a government spokesperson responded by saying that a free and open press leads to a rise in fake news. eugene tan is a law professor at singapore management university, former nominated member of parliament and an advisor to the main media organisation in singapore. i asked him whether the index should be taken seriously. i think in the end, each country will take what they want out of the report. i think that some

germany's railroads were hit, france's reynaud car factory had to close, businesses in australia, even mongolia were also hit. europoll's steven wilson called the scale of the attack unprecedented. >> in excess of 130 countries are affected and beyond 200,000 individualti works by freezing the computers encrypting the files with hackers demanding $300 in ransom too decode them or they'd be destroyed. the malware program, wannow, -- wannacry, reveals a hole in microsoft security. it might have been worst if not for two young researchers. one goes by the name of malware tech. he noticed every time a virus took over a computer, he pinged back an unregistered web site. he registered the web site for $10. >> through that registration of the domain, he activated the kill switch. >> reporter: huss said once an infected computer pinged the newly registered web site, it killed the malware, but he resisted being called a hero. >> it's kind of what i do on day-to-day basis, so for me it office i guess. >> reporter: the head of you poll said its investigators are working closely with f.b.i. to identify the

mongolia leading the declines in asia, down over 1%. a pickup on the anz. the worst weekly loss since october. a by coming through in emerging markets. hong kong has turned around, up 1/4 of 1%. mixed movement when it comes to the currency market. the japanese yen is the one you want to be focusing on. 1%,ontinues to rise 1/3 of 113.19. the yen had the strongest week. singapore airlines, this is a three day chart. this is what happened in the course of today. a fourth-quarter operating loss, its third in three years. it has fallen the most in almost six years. the biggest we have seen since august 2011. the price 10ced singapore dollars. that is it across asia markets this friday here on bloomberg television. ♪ emily: this is bloomberg technology, i am emily chang. tech earnings shares of alibaba , falling despite strong quarterly revenue growth and plans for a $6 billion share buyback. investors focused on their quarterly profit, which missed analyst estimates due to a large tax bill and investments in cloud computing and digital entertainment. joining us

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