the singapore progression plan thrown into doubt. rishaad: let's look at what is happening with markets. we have some weaknesses. we saw inflation pickup. the factory gate number up by 4.4%. way ahead of the 3.6% expected by economists who were surveyed. the hang seng downside. that benchmark moving. looking at some of these other asset classes, we are checking in with oil. and the dollar index. this is where we are. the dollar index moving up. u.s. treasury yields have been declining across the board. the dollar did sink to session lows. economic recovery remains incomplete. oil prices are mixed. heading for a weekly drop. more coming up on the fed. juliette: let's get more on what you were just saying. jerome powell playing down the risk that inflation could get out of control. he stressed that the economy still needs support among a incomplete recovery. >> we have said they will continue at the current pace until we see substantial progress toward our goals. that means actual progress. we are not looking at a forecast. we are look

in singapore and shanghai. welcome to "bloomberg markets: asia."s get to your top stories today. the world pledging aid to india as a new virus cases their rise around one million over the past three days. the u.s. will provide vaccine materials and step of financing, joining european countries and offering help. haslinda: oil faces new challenges with output set to rise as headwinds from the indian covid crisis hit demand from the world's third biggest crude consumer. david: plus, a much anticipated hong kong -- hong kong and singapore travel bubble poised to become a reality. hong kong officials are set to share the details shortly. haslinda: in the markets, we are off to a pretty green start in most of asia them a positive territory on the back of strong earnings in the u.s. on friday, suggesting perhaps a recovery from the pandemic is gaining momentum. the asc i asia index up half a percent. we know that investors are pretty much now focused on the fed meeting, and the new earnings from the likes of tesla, facebook and apple. david: yeah. certa

a setback for the likes of singapore airlines, cathay pacific.riers do not have a domestic market to serve. we suspect it has to do with that resurgence of cases among the migrant workers. yesterday we got a message from the government that 11 of them tested positive. rishaad: it's quite something. this does come off the back of just yesterday, singaporean authorities announcing they would be easing quarantine restrictions on people coming from hong kong to just seven days home quarantine as opposed to the 14 days they had before. this migrant work outbreak is taxing some of those epidemiologists out there as well. we've got 10 of these 11 -- of these 11 who previously recovered. one of them is a worker staying at a dorm who tested positive for this virus earlier in the week. this comes despite having received both doses of vaccine as well, so that is a bit of a head scratcher. singapore airlines, ticket prices to hong kong were certainly on the rise. tickets for may roughly going for double for departures before the bubble. that bubble between s

singapore -- the finance chief steps aside.he surprise move will likely push back the power transition. more changes at credit suisse. the bank is tightening its financial terms for hedge funds and officers. it could signal a shift in the industry. haidi: -- shery: u.s. stocks touch another record on dovish comments from jared powell. the s&p 500 was higher than tack and consumer discretionary stocks. the 10 year yields being sent down. we have jobless claims going the wrong direction for a second week. energy stocks led the declines. crudes futures have been stuck in narrowband. we do have u.s. futures at the moment heading higher. let's turn to sophie for a check of what to expect in asia. sophie: japan, a company restarting output as a fire hit the plants on april 19 and this -- broadly speaking looking at asian stocks, they could cap a two week gain with futures -- keeping a close eye on singapore's reaction to the political pieces. the aussie dollar heading for the first weekly gain. the yen is set to snap a two-week decli

between hong kong and singapore ticket start in may.ircraft equipment maker's, singapore engineering as well. asian airlines have been playing catch-up to the broader regional events, the on-again off-again hopes for travel corridors to be established across the region. cathay shares have been a clear lagarde. the airline -- singapore air shares is the line in purple. they have faired relatively well, but have been in a downturn since early april, and there is a question about whether airlines might need to raise more cash, singapore airlines among them. paul: thank you. one of hong kong's biggest real estate companies is taking on a massive project to restore the city's last movie palace. we got a look behind the scenes with the ceo. >> this is hong kong's less surviving movie palace, that a cultural icon. the theater first opened its doors back in 1952 when it was able to see 1400 people. initially it was a concert hall, before a transition into a movie theater. eventually, a close down in 1997. now, it is going to be restored back by

shelved again last week by the singapore side. we did finally hear quarantine free plans from both cities which will start with one flight from hong kong to singapore, one from singapore to hong kong capped at 200 passengers per day. if all goes well they will ramp it up. hong kong is requiring anybody leaving hong kong be fully vaccinated and have their second dose of the coronavirus vaccine. singapore on this site is not requiring travelers to be vaccinated and it will be open for all residents from hong kong and singapore, but they must have been in both city states 14 days before leaving. they have to have a negative covid test before departure and on arrival, and use each other city state's token tracing apps while they are there. these flights will be operated by cap a -- cathay pacific and singapore air. we have seen prices doubling on the cathay pacific website. 760 u.s. dollars up from about 400 where it was this morning. mark: this plan has been so widely talked about, so long expected. are we seeing any market reaction?

us, uk, singapore, i problem. us, uk, singapore, australia _ problem.ingapore, australia and south africa i problem. us, uk, singapore, i australia and south africa have also reported _ australia and south africa have also reported this — australia and south africa have also reported this mutant. _ australia and south africa have also reported this mutant. is— australia and south africa have also reported this mutant.— australia and south africa have also reported this mutant. as india plans to dramatically _ reported this mutant. as india plans to dramatically ramp _ reported this mutant. as india plans to dramatically ramp up _ reported this mutant. as india plans to dramatically ramp up its - reported this mutant. as india plans to dramatically ramp up its locally i to dramatically ramp up its locally made vaccine supplies, it's appealing to america to ease exports of raw materials. the pressure is building for more immediate action to stop this deadly wave of the virus, as those losing loved ones paint a picture of a health system buckling under the

and let's stay in singapore a little longer.emic, and many small businesses have closed. but as the city—state reopens cautiously, some entrepreneurs are launching new restaurants and bars. sarah toms investigates. the pandemic has closed hundreds of thousands of nurses across the world. but for this lady, it was time to start a new one because of the former banker open to this restaurant last year. you'll coming out of the circuit breaker, rentals were far more affordable. people want to come out and discover new places and gather with their friends and family so that's was perfect for me. large restaurant groups are also launching new outlets. this group now has 38 restaurants in singapore including six new outlets like this one called society. government grants, they help us with labour, rent and bringing us on board to delivery platforms. in the areas where rents were slightly lower, we could quickly deploy our concept and open our doors to business. concept and open our doors to business-— business. the pandemic has forced

singapore's succession plans are thrown into doubt after the heir apparent bows out.urther changes at credit suisse. the bank is said to tighten in the wake of the fiasco. haidi: a look at what we are setting up for. what do you see? >> we are seeing qe stocks gain ground and asian futures headed for a muted start. the s&p human is is on the rise -- the s&p is on a rise. volatility is expected to jump in the summer. this is as investors worry the easy part of the inflation trade is done and dusted. inflation or a lack thereof remains a key scene. fed pressures are expected to be temporary while emerging economies contend with upside risk. china's march, a modest rebound. we saw wti hubbard above $60 a barrel. it is interesting, the underlying market structure holding firm for oil. we do have the financial stability report due out today. the aussie dollar set for its first rise in weeks. haidi: for more on the markets, we are joined by the managing director at ebs global wealth management in san francisco. it is a funny market for the moment -- moment for the markets.

sharanjit leyl is in our asia business hub of singapore.excited to hear about this. well, yes. just about everyone in the office and elsewhere — they are asking, will it happen or won't it? many have been trapped here in singapore. we are all holding our breath. none of us can travel without a strictly enforced two—week quarantine period, but at long last it looks like this travel bubble between hong kong and singapore will begin on may the 26th, the two cities essentially having just announced this in the last hour, moving to re—establish these crucial overseas travel links between the two financial hubs after it was delayed about six months ago following a spike in coronavirus cases in hong kong. singapore's ministry of transport, though, urges caution, saying the travel bubble will have to be carefully managed, with just one fly today in each direction, capped at about 200 passengers on each flight for the first two weeks, which will be reviewed after that. rules for travel will also be tightened, so amongst things travellers will need t

in singapore, we have moved to electronic act -- transactions for businesses in singapore and to help electronic transactions. it is also about deeper harmonization. it is about different parts, different players, how do we ensure so the processes more efficient. then we talk about the interoperability of systems. that we are able to interoperate and in harmonization. because of the complexity of the whole global supply chain, there is a trend that we need to move towards the recognition of harmonization. juliette: that was our exclusive interview with maritime import authority. we are taking some of the shipping stocks in the region after costco shipping, rising the most since september 2008 highs, and this is after the company sees first-quarter income at $2.8 billion. this is more than 50 times that of the same period last year. it is leading the gains and the different indexes. we have been seeing costco shipping here in singapore also jumping by as much as 12% and as much as 13% which is its highest since january last year, so some big moves coming through and shipping companies.

singapore, hong kong, united arab emirates, and london and then been building an advisory in singaporeoffice. they have made room for more than 200 elation shift managers and product specialists so there's going to be centralizing their services rather than being disparate areas. shery: asia finance reporter there with the latest on citi's changes. we are seeing and holding steady as we have health care information amtek leading the gains so that you have sectors like consumers and utilities drag on the index. the japanese yen holding steady as well as we continue to see the strength against the u.s. dollar around that three week high. a 10th of 1%, this after we had the bank of korea come out without these economics comments, not to mention that they left their key rates unchanged. kiwi stocks are gaining ground for the fourth consecutive session. our special coverage on the rising credit concerns on the mainland and the fallout of huar ong. that is at 9:30 hong kong time. as we look at the hahong kong, shanghai. this is bloomberg. ♪ tom: it is 9:00 a.m. in beijin. welcome to bloomber

right now, between singapore and indonesia -- >> singapore should be compared with the place that has to be apples to apples. first and foremost, we understand and respect the decisions with our counterparts. we want to make sure we are not rushing, we want to make sure everybody feels comfortable. >> china is a key market for you, given how strong growth has been and is emerging from the pandemic very well. >> china is huge potential for us. here for instance, it has been a favorite spot for china, because within two hours three hour flight from the south part of china, is probably 300 million people, potential market to visit. we are developing this special economy zone that is geared towards that. other than bali and the other traditional spots, this area we will be focusing to market to chinese forest. -- chinese tourist's. chinese tourists have been growing at a steady number and the data looks healthy. we have to make sure that we are ready to receive between 5 million to 6 million chinese tourists. shery: we will also be watching the travel stocks when hong kong opens later, es

mark cranfield in singapore, th you. you can follow more on this story and all of the day's trading on the markets live lot at mliv . for now, let's get first word news with karina mitchell in new york. sophie: credit suisse --karina: credit suisse -- sources say the bang is expected to give an update on its exposure to the capital this week. the ceo is said to be expected to stay on while the ceo of its investment bank is also under scrutiny. in other news, republicans may be ready to support a limited version of president biden's $2.15 trillion proposal. but according to a story, the plan would need to be scaled back by more than two thirds. the director of the national economic council countered, saying the plan is "a one-time eight-year capital investment that will expand the economy's potential." china and south korea say they'll work together to denuclearize the peninsula. in a meeting with chinese top diplomat, they said the two sides will seek a political solution to pyongyang's nuclear standoff with washingt

the us, uk, singapore. _ an indian problem. the us, uk, singapore, australia _ an indian problem.ustralia and south| singapore, australia and south africa have also reported this type of mutant. figs africa have also reported this type of mutant.— africa have also reported this type of mutant. as india plans to dramatically _ type of mutant. as india plans to dramatically ramp - type of mutant. as india plans to dramatically ramp up - type of mutant. as india plans to dramatically ramp up its - to dramatically ramp up its locally made vaccine supplies, it is appealing to america to ease exports of raw materials. but pressure is building for more immediate action to stop this deadly wave of the virus as those losing loved ones paint a picture of a health system buckling under the strain. mark lobel, bbc news. now to the issue of gun violence in the us. president biden has condemned the latest us mass shooting in indiana, describing gun violence as a "national embarrassment". he again urged congress to take measures to prevent weapons falling into the wrong hands. police in indianapo

net income just over 2 billion singapore dollars as well.y growth is coming in at double digits and they are upgrading full year loan growth. we did expect the trading side of the business to somewhat offset weakness we expected to see in the margins part of those numbers, but we did have healthy trade related income driving profit gains in the first quarter. last year, margins -- we're seeing net income margins at 1.49%. they are saying that full-year expenses continue to be 3-4% higher. but some pretty good news coming through from dds. -- dbs. first quarter dividend being declared at 18 singapore since pressure -- cents per share. a bullish forecast is being given, continuing a streak of growth even as there is forecasted less people shopping from home. i know you are bullish on amazon. why the relatively muted reaction in the stock? this was a really robust set of earnings across the board. >> there is already a lot of high expectations of baked into amazon's current share price. although if we take a step back and look at how their shar

in wa cod were inflating the numbers so we went to singapore we talked to whistle blows who gave usdocuments old that was in january february 2019. wa cod was the biggest story that i've ever done. to hide but according to a report by british newspaper financial times the shares recently had quite some turbulence germany's financial services regulator bof a has been conducting routine investigations due to the enormous fluctuations in bof a never asked to talk to the reporters they never asked to see any of our material nothing then we read in the newspapers that puffin had opened a criminal complaint against 2 of our reporters for doing their job. and. now it is true that some short sellers bet against the stock but that is not illegal what i don't understand is how baffin thought that we were conspiring with these people. i have literally no idea. what baffin thought they were doing there was also an unprecedented ban on short selling. the films of since the financial regulator is investigating whether speculators who make money $3.00 for one prices are. often has now fund short s

we got a tip that in singapore there was an investigation internally into whether why i call it peoplein wa called were inflating the numbers so we went to singapore we talked to whistle blowers who gave us documents old that was in january february 2019. cod was the biggest story that i've ever done. the hard bit each day according to a report by a british newspaper financial times the shares recently had quite some turbulence good germany's financial services regulator bof it has been conducting routine investigations due to the enormous fluctuations buffy has never asked to talk to the reporters they never asked to see any. material nothing then we read in the newspapers that buff and had opened a criminal complaint against 2 of our reporters for doing their job. now it is true that some short sellers bet against the stock but that is not illegal what i don't understand is how baffin thought that we were conspiring with these people. i have literally no idea what baffin thought they were doing there was also an unprecedented ban on short selling. iffy loans and almost instantly fina

be if we tried the global trend to continue to increase further into mid 2020 is grim on web in singapore there is however a trend kind of underpinning the trend that man is talking about how to stop them isn't there because deliveries for the 4 years 2016 to 2020 deliveries are flatlining and that's kind of counter-intuitive because if you are thinking oh they're spending more money therefore they must be either delivering or acquiring procuring more equipment one would be wrong. yeah i see what you're saying here but i concur with 9 i think we need to look at the the whole scheme micro-level where. all the it has been a flat line over the last few years but you have to look in terms of the overall cycle. by capital buys if you like for defense equipment had to be an ongoing process that comes with that and some of the acquisitions are only stuck to proven over the next few years so i concur with that we have to look beyond this not from the time you just mentioned to see what comes out of that were next years and foreseeable year in terms of the data that we have publicly we're going to

haslinda: bloomberg's jew in singapore. --bloomberg's joanna ossinger in singapore.ve been subjected to antitrust probes. tencent -- rishaad: we've got other lines with the beijing reaction to this unofficial visit by u.s. officials to taiwan itself. the taiwan president meeting three people. china saying this will not change the fact that taiwan is part of china. this is bloomberg. ♪ na. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. caroline: i am caroline hyde in for emily chang and this is "bloomberg technology." u.s. officials pause the j&j vaccine after six women develop rare blood clotting. plus, we are getting a coinbase direct listing reference price se

india's air force collected oxygen imports from singapore on the weekend and the u.s. and the e.u. are planning to send a. president from the alliance says the block is pooling resources to respond to india's request for assistance. but for the securing outside full hospitals in delhi the supplies caught come fast enough earlier we spoke to delhi bureau chief and asked her how the situation in india could possibly get to this point you know india relatively were the 1st wave in this and demi the numbers of infections that started pulling dramatically the vaccine driver had kicked up by the beginning of the year and then created a false sense of security both within the public as well as the authorities you know politicians and governments going to strap to buy a series of regional elections with huge campaign rallies then you have these big religious gatherings with no semblance of social distancing and all the potential of turning into super expensive bents that sent the wrong message to the people themselves became complacent and even casual and then again the 2nd wave with its v

thank you very much from singapore - jumbo viable again. australia's multi—billion dollar wage subsidy scheme was credited with saving hundreds of thousands ofjobs during the pandemic. now that it has ended, many worry the move was premature. from sydney, phil mercer has this report. test, test. very sad, very depressed industry i would say, and people do not feel supported. and people do not feel suoported-_ and people do not feel su orted. g”, , supported. the jobkeeper subsidy was _ supported. the jobkeeper subsidy was australia's i supported. the jobkeeper - subsidy was australia's biggest ever economic rescue package, but not everyone was included. among those to miss out were many in the arts. when venues closed during the pandemic, they were left to fend for themselves. ~ ,, ., ., themselves. abandoned, iwould sa would themselves. abandoned, iwould say would be _ themselves. abandoned, iwould say would be a — themselves. abandoned, iwould say would be a good _ themselves. abandoned, iwould say would be a good word - themselves. aband

like unsound suchi and the president when meant we understand from singapore's prime minister lee hsien long. that me or my senior general minong lai was involved in the discussions was receptive to these suggestions and did agree to some of them. what is going to happen on the ground when he returns home is another thing where. ok let's get going let's bring you all on skype today in washington d.c. we have a chattier specialist on the east asia and also he's a distinguished professor at the school of international service at the american university of washington d.c. in thailand we have phil robertson deputy director of human rights watch is asia division and the jakarta we have evan lacks mana research into these years center for strategic and international studies that's a think tank with close ties to the government welcome to you all evan can i come to you 1st they've come up with 5 bullet points what's your reading of what we think they're doing. i think it shows that we have the beginning of a foundation to work for the next steps this is not the end all we still have a lot of w

as you mentioned, singapore is one of the countries where this is the case.accination is a safety net to ensure that populations are protected from the importation of the virus from foreign shores. if you have seen, the australia and travel bubble has commenced, even before math immunization -- mass immunization has taken place. shery: do you expect to see more of the travel bubbles between different regions? subhas: yes, i would. because i think there is a multiplicity of travel restrictions across the world. because basically each government has followed its own counts. now with the testing and vaccination requirement as well for travel, i think the only way to get through this quagmire is if countries can bilaterally agreed to accept each other's conditions and requirements. shery: where does that leave developing nations that have really not secured enough vaccines? subhas: well, i think that is really a concern. vaccine and equity is a concern. w.h.o. is doing its utmost to make sure the vaccine reaches as many of the underprivileged countries as possibl

they are looking at singapore, japan, south korea.sed -- looking at european routes when the pandemic is more under control. shery: our bloomberg consumer reporter with of the latest on that singapore hainan route. our market coverage continues as we look ahead to the trade in hong kong, shanghai, shenzhen. this is bloomberg. ♪ wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be ready for anything. i hope you're ready. 'cause we are. rishaad: happy friday. it's 9:00 a.m. in beijing and shanghai -- tom: happy friday. it's 9:00 a.m. in mangy and shanghai. david: we are counting down to the open, the trades in the last session of the week. bloomberg

where singapore has pulled ahead is in vaccinations.success they have had with containment has actually made that vaccinations stretch slower, because there is not an immediate threat. singapore has vaccinated a fifth of its total people. that's really what pulled it ahead. it has done well on all the factors of virus control. haslinda: worrying declines in places like chile and france, what is behind that? >> what we are seeing in many parts of the world, which is quite scary, the spread of variance is really overtaking the covid vaccination. places like france and chile, these are places that had access to a lot of vaccines. at the same time we have seen the variance, specifically the wind out of the u.k. and brazil overtake the population before vaccination can get a foot hold. so as the infection rates go up, fatalities as well, what that means is we are pretty much in a global rate to get those vaccinations out before more and more variance come in and come through the population. rishaad: tell us about notable moves will -- where

february 12 hike after a five-day gain in singapore.s too much for the share market in singapore. very as we head to the open in china and hong kong. moving to the downside and china future did settled lower and check the offshore yuan trading around -- 646. haidi: coming up, china's pmi numbers are out. we will be getting immediate reactions. we will also get her views as to whether recovery goes from here. that is a for daybreak asia. we looking ahead for the start of trading in hong kong. this is bloomberg. ♪ tom: it is 9:00 a.m. in beijing and in shanghai. i am tom mackenzie. we are cutting down to the opening trade in the chinese mainland and hong kong. manufacturing. -- coming in at 51.1 and those are the estimates. the number is 51.1.

in singapore. welcome to "bloomberg markets: asia."'s have a look at our top stories, covid-19 infections hitting a weekly record, topping 5.2 million globally, india and brazil shouldering the biggest share of the surgeon caseload. -- surging caseload. haslinda: financial regulators say a bad asset manager is operating normally and has ample liquidity. rishaad: plus, bitcoin taking a tumble from record highs and dragging other crypto assets down. the only one left standing is dogecoin. haslinda: let's look at markets right now. asia mostly high, investors keeping a watch on the earnings scission -- season, also as virus cases escalate, we have the csi index leading gains. bitcoin continues to slump. rishaad: let's get to what is going on with the bank. seeing the thai baht, it is being kept on a watch list, the bank of thailand taking that news in stride. rising default in india prompting the company issuance to slump, down to 30.4 4 billion rupees, the slowest start since 2008. the rupee recovering. it has been one of the worst-perfo

how does netflix actually built a culture that works in japan, singapore, the netherlands?us an example. >> when i started working with netflix, they mapped out their corporate culture on my culture map, and they compared it to the various countries they were moving into. i can tell you that cantor was a little bit startling when they moved into japan and singapore. but they did not change the culture. they just work locally to get them, to get them working in different ways. there was a story about this woman from silicon valley giving feedback to one of, trying to get her japanese employee to give her feedback. and, when she asked her employee for feedback the woman started crying. she said, i really wanted -- to be netflix but i've never given feedback to a colleague before, let alone my boss. >> they needed guidance to bring them to that point. i'd like to ask you about how you can situate netflix within the corporate universe. just before you do that, let's play you a quote from the book. this is how we're all really under the spell of the industrial revolution air 100

controllable several countries have offered help india's air force collected oxygen imports from singapore on the weekend. and the u.s. and the e.u. are planning to send a. president form the alliance says the block is pooling resources to respond to india's request for assistance. but for the securing outside 4 hospitals in delhi the supplies called to come fast enough. and i'm joined now from by an initial daily correspondent nimish of the to see how quickly is international help coming in. well christine you know it's ongoing so it has been a little routine now last week in india without another international force that or indeed all of them have this power want to compel is a response to that there is an expectation that i'm not of these supply these invented agents oxygen bunsen changers should be teaching india someone to be able to go on suppliers to singapore they're also applies from the u.a.e. saudi arabia and the other people in the other countries in the dealing neighborhood as well even china boxes on average joe result is to support the e.u.'s the us have gone to school there

several countries have announced travel restrictions on visitors from india including singapore, australiaand the u.k. the u.s. senate has passed legislation designed to combat hate crimes after a series of attacks against asian americans. the bill will boost resources for addressing hate crimes, and supporters say it also sends a clear message of assurance to asian americans that violence against them will not be tolerated. speaker nancy pelosi says the house will pass the bill, which is passed -- if it is passed by president biden, next month. opposition leaders urging alexei navalny to end his more than three-we-long hunger strike. doctors cited improved medical care and concerns for his life. russian police detained more than 1900 people this week amid nationwide protests demanding proper medical care for navalny. the biden administration is trying to dial back optimism about the revival of the iran 2015 nuclear record. one state official says the two sides still disagree on many issues, and they are closer to the beginning of negotiations than the end. a third round of talks is schedu

have in terms of rescue efforts so government has called on assistance from singapore and australia we understand that a vessel from singapore a submarine rescue vessel is already on the way and would arrive in belize waters in around 2 days assistance from australia we don't have any confirmation as to what that will look like but due to distance they may be limited to assistance that they can send by. hong kong investigative journalist has been convicted and fined for charges linked to a documentary exposing police misconduct june the $29000.00 protests crowds gathered outside court in support of bok choy and called for an end to the crackdown on press freedom choi produced a program showing police officers delaying their response to a mob attack against protesters nearly 2 years ago if you go pollens in hong kong she says both choice case spawns concerns over the city's press freedom. the fact that this case got this far in the process has been of huge concern now about troy is a prolific journalist here she's known for investigative work what's being questioned is her methods du

singapore is clearly one of them.ned a lot about how to work with each other, how to become successful together. what we saw in our business was a record year in terms of digitization. everyone looked up flexibility to work from anywhere. that piece is not going away. last year our results were record at $94 billion, 10.8 billion dollars of operant income and $8 billion of adjusted epigenetic -- adjusted epic today -- ebitda. also investment front ai and cloud and security and data management, and 5g. so those investments are going to bode well for us for years to come. haslinda: talk to us about about those investments. what kind of pace argue it anticipating, and where were the investments go to -- what kind of pace are you anticipating and where will the investments go to? >> we want to consolidate the market which means we gain share. we have gained share in server and client business. we are number one across the board in server, client, and storage across the world. at the same time we are investing in new areas

singapore's minimum target size -- that could affect the pricing. the market more attractive for sponsors but i think in the end, it looks like they are trying to create regimes that will allow another venue for dealmaking, while trying to limit the frothy part of the market. shery: our senior editor jonas bergman. tune into bloomberg radio to hear more from the big newsmakers and get in-depth analysis from the daybreak team. listen via the app or bloomberg radio. plenty more ahead. stay with us. ♪ shery: here's a quick check of the latest business flash headlines. general motors entering the electric pickup space, announcing it will go battery-powered chevrolet silverado's. adding the vehicles will travel at least 400 miles on a single charge. company shares hitting all-time high on the announcement, but there's competition from the likes of tesla and ford which have electric pickup plans. gm aims to sell only ev's by 2035. nigeria's government revokes for oil permits and allocated them to two local companies. a spokesman for the department of petr

and australia we understand that a vessel from singapore a submarine rescue vessel is already on the way and would arrive in belize waters in around 2 days assistance from australia we don't have any confirmation as to what that will look like but due to the distance they may be limited to assistance that they can send by air we did recently hear from indonesia's defense minister who said that modernizing indonesia's maritime infrastructure is a priority this vessel 1st came into service in 19181 authorities say that it is in good condition in this still looking at the reasons behind this incident but of course the age of the vessel could be a factor as to washington bridge is up to date from. the minneapolis police force is under investigation by the u.s. justice department it's part of a push to root out systemic abuse in the force following derrick sean's conviction for murdering george floyd there's also a move in congress to pass laws to reform policing across the united states john hendren has more from minneapolis george floyd square his transform from crime scene to memorial

in this meeting we do expect today to be to sort of blocs emerging led by indonesia malaysia and singapore but possibly some opposition from thailand and other nations within the grouping however we understand from president jokily that there was some consensus we don't know what that is yet because we want to wait for the secretary general to release the unified statement but it does appear that some kind of productivity has come from this despite the negative expectations that many people had before the s.c. and we are serious tony chang reporting live from bangkok tony many thanks indeed. a weather update on al-jazeera then guinea's capital it's a make over but it comes at a price for many families just hours from now russia will close a key access point to ukraine reach the black sea water you. the perfect journey. with. qatar airways hello there was seen a bit of a wet picture for china was quite a bit of cloud hanging around central areas you can see those showers that band of rain and cloud moving down towards southern areas and we'll see that rain in hong kong as we move into the n

joining me now from singapore is sharanjit leyl.s really, it has been hit several times now when it comes to the chinese authorities so talk us through this latest huge fine.- this latest huge fine. yeah, i mean, this is a record fine, i mean, this is a record fine, sally, and essentially what the company has done is fallen very much in line with chinese regulators�*s demands and as a result, its shares are actually trading higher in hong kong trade, rising as much as 9% earlier today. as you said over the weekend alibaba was slapped with a massive fine and this morning it's bosses held a call to reassure investors and you know what? they did a really unusual thing — mike actually thanked regulators. almost everything about china's regulatory push is highly unusual and with this, really, they are sending a clear message to the country's largest companies and their leaders that any kind of monopoly business and anti—competitive behaviour will have consequences —— monopolistic. alibaba has been under intense scrutiny ever since jack m

graeme great to see you there again in singapore give me your thoughts on the top line on the story the united states says there's 3000 ships in this region what's your reading of that my reading is that there's this assessment by the united states are against century is an accurate one are there has been a quiet expansion of china's maritime in the shark all of the last decade alone this is not a new concept for the chinese military in particular the people's liberation army midi which feels this capable it's a concerted attempt by the chinese military to try and create a force multiplier sorts over the wide expanse of the south china sea graeme can you explain for me one particular aspect of this which is kind of intriguing and compelling i guess in equal measure officially the militia isn't there to do what everyone else thinks the militia is there to do officially at some levels the militia doesn't even exist but on the other hand president xi jinping has spoken about it in public so there's an acceptance of the reality but there's a denial at the same time there in lies the pro

juliette: singapore now accounts for one third of global travelers.estament to the nation's ability to contain the coronavirus and resume operations at a time when other countries are still struggling. the limited vacation options are being conducted with max on board and -- masks on board and at 50% capacity. this is bloomberg. ♪ want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings. so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's golo. golo helps with insulin resistance, getting

indonesia has deployed several navy ships in a patrol plane malaysia singapore and australia have joined the operation and other countries offering help and oil spill and a submerged magnetic object in the area of the submarines last dive has rescuers hoping they're on the right track but if the submarine has sunk to tape it may be impossible for the rescuers to operate and time is running out. the submarines oxygen reserve capacity in a power outage. it's 72 hours or about 3 days starting from when it lost contact on wednesday around 3 am it could last until saturday at 3 am let's hope we can find them before then. leave. it with you know. officials say the german made submarine was in good condition before it set out to say that after 40 years of service in indonesia it may have fallen prey to the same water has it's been defending. life on mars and nasa scientists are small step closer to making that possible the perseverance rover has converted carbon dioxide into oxygen for the very 1st time around that's the hopes to be able to do this on a large scale in the future and that could

let's discuss this with matthew driscoll who's the editor of asian aviation he's joining us from singapore thanks for your time with us on the news hour how widespread is this problem of fake covert certificates. thanks for having me during fake certificates are like fake driver's licenses when you're 15 years old in the us and you're trying to buy beer or something. fake documents have been around forever from world war 2 world war one so this is not something that is new people have been forging things like this forever the problem is we've got a global pandemic and. then again the problem is that i think as you mentioned airlines border agents people like that are not trained to deal with this simply because there are no standard droit now you've got a whole host of countries and governments that are out i just got my 1st vaccine from here in singapore and i'm looking at my certificate and i could fake this very easily if i wanted to please don't you know i hope nobody from the singapore government is listening but there's no q.r. code there's no bar code or anything like that. there's

emily: micron's plants are in singapore, virginia, and japan and you have one you are selling. sell that now when we are in the midst of a chip shortage and the u.s. government wants more manufacturing on u.s. oil? sanjay: very important to note that micron has a manufacturing plant for d.r.a.m. in manassas, virginia, and we have the world's best r&d center in boise, idaho for our d.r.a.m. and emerging memory solutions and around the world in countries like singapore, taiwan, and japan, we have deeper manufacturing capabilities as well. in memory and storage, scale is critically important. scale and cost competitiveness is a critical key factor here. our lehi factory was dedicated not dedicated to nand or d.r.a.m. manufacturing, but crosspoint technology, which for various reasons, we have decided to cease the development of because the return on investment given the limited market opportunity really did not justify ongoing investments in that technology. however, that plant in lehi, utah has a strong team, tremendous capability, and fits in well with other potential barters fo

in deliveries after the company reduced its supply commitments by 2 thirds this year all kong and singapore have confirmed they are launching a travel bubble in may travelers will be allowed to fly between the cities without going into quarantine if they meet strict conditions and israel's health ministry says it is examining whether a case of hot inflammation are linked to the pfizer vaccine most were reported in men and 30. other stories making headlines around the world now we'll start in iraq where funerals have been held for some of the 82 victims of a hospital fire in baghdad officials say the blaze broke out when an oxygen tank exploded the hospital was treating some of the city's most severe covered 19 cases victims' families say negligence and corruption contributed to the disaster. iran has sentenced a british iranian aid worker to another year in prison now the needs are garri ratcliffe has already served a 5 year term the high profile cases prompted international condemnation british prime minister boris johnson immediately condemned the new sentence and said he was working hard

we will get those numbers out at 8:00 p.m., singapore, hong kong time. let's bring in our guest. carl, we have a dev urgency, asia is not tracking the gains. can asia continue to lead the way it did in 2020? outperforming the u.s. and europe? carl: i think that narrative is coming into question now. debating the market is trying to pry into currently is can u.s. outperform the rest of the world. europe's economic recovery is looking a little bit shakier than it had at the start of the year. at the start of that, the appearance that the chinese government will emphasize managing financial stability risk rather than driving its economy any higher than it needs to suggest that they have plateaued. that combination of factors have led to that notion that the economic rebound will be a little bit more uneven. maybe chinese recovery will be a little less strong as well. that is the dynamic at the moment. haslinda: is it contingent on china, what if china manages to reverse its losses? can asia outperform? kyle: it is possible. i think the major concern in the