be, becausewe will we'll be getting to our ocbc later on the today. int is at 11:40 a.m. singapore, 20 minutes to 2:00, watching it here in sydney, getting thoughts on that from ocbc. >>> a conundrum facing policymakers around the world? we'll take a look at potential reasons why next. >> it has been a conundrum, inflation?slow wage central bank is grappling with this this year. gains have been tight, unemployment low, but salaries just aren't matching. so what is going on? sydney is ivan economist.chief we know what the issue is when to places like japan, decades of deflationary mindset, lack of spirit, stuff like that. we're seeing it across the job growthustralia at record lows, in the u.s. inflation, wage growth is just not happening. >> i think there's a mixture cyclicaling on, a effect going on, which you pointed to, growth has been very low around the world. the aftermath of the financial crisis. companies have the upper hand with workers. was a lot of unemployment and underemployment after that crisis. cyclical force toward lower wages. you have structural forces

anka so much for joining us with that great interview with the chief executive of ocbc. ins aim at the lion city. this is bloomberg. ♪ shery: welcome back. i'm shery ahn. let's get it check of the indian markets getting underway. this in sex, highest level on record, the two markets have been gaining -- we saw volatility fall to a multiyear low for the rupee. wallet trilogy seems to be that, given that we saw the plunge in the u.s. dollar. near the weakest level in two years. his seeing the rupee gaining ground, .4%. let's focus on one company, amazon, which is gaining a foothold in singapore with one of its most aggressive services the prime now to our delivery service in everything from chilled beer to samsung mobile phones. the director of operations has an talking through the move with haslinda amin. >> what we found is singaporeans singapore hasand been shopping on amazon.com for the longest time. we've decided to match the requirement of convenience and prime now is offering of value proposition of delivering products at convenient speech with great selection and p

we have heard the ocbc numbers growing in singapore.on traders awake later in the day, we get plenty more from the european trading season. it is one of the biggest days in european markets. now that we are through this fed meeting, we get back to company fundamentals and allow stock investors to get back to what they are really good at. kathleen: let's broaden out this look at the macro factors. asia's worst-performing currency is the pes -- philippines peso. what is the prognosis? it is not a particularly rosy picture for the philippine peso. up,mber of factors stepping and the backdrop where other emerging currencies have been doing better. made tradet blowout numbers the latest in a long line. there continues to be the political turmoil. duterte has extended martial law down there. that fighting we are seeing just adds another level of uncertainty around economic growth. especially given what is going on in saudi arabia, with the therede into qatar, where are a number of filipino workers. those overseas filipino workers continue to