including singapore.me time, it is also imperative that as we address developments in one region, we continue to advance our interests in other regions. including this region. and that brings me to why am here today in singapore. as i have said many times over these past many months, the fact is that i believe america is embarking on a new era. an era with new challenges. and an era with new opportunities, like clean energy . the fact is, our world is more interconnected and interdependent, and in order then to embrace this new era, nations must be willing to take on challenges together and create opportunities together. that is why our partnerships in singapore, in southeast asia, and around the indo-pacific remain a priority for the united states. the united states is a proud partner of the indo-pacific, and this region is important to our nation's security and prosperity . just consider some of our allies and strongest partners are here. our exports to the region support 4 million american jobs. and in

interest in singapore as well as in the asian region.tronger engagement from the u.s. in this region in terms of the economy and economic area as well as other areas. i think for the region and corporation, it is important to have a mutual interest in this area. haslinda: thank you for your time today. singapore minister for trade and industry. heading back to you. haidi: great conversation. let's take a look at a wavering session for asian stocks. display another record run in the u.s.. -- despite another record run in the u.s.. sophie: a laundry list of concerns. japanese stocks bouncing back. we are seeing the kospi had lower. extending losses for an eighth straight session. but a much all sectors in the red except for health care and financials and pockets of tech. stocks weighed by minors with the banks wing bhp shares off more than 1% ahead of its report card. checking in on currency markets this tuesday morning, we have the yen holding onto a four day gain. the dollar is looking steady. there are plenty of reasons to stay bullish

our chief economist at bank of singapore is here. looking ahead to jackson hole, it has been moved to a virtual summit. what does that tell you about the risks still out there with the spread of the delta variant, which jay powell has always indicated would help decide when they would taper? >> it appears like it will be the focus of the current meeting. it doesn't look like it'll be as adversely impactful this time around. i expect the fed will sound optimistic. jliette juliet fish, more broadly with this optimism, when we look to see perhaps what could happen with the bank of korea later this week? -- the spread of the delta variant there still seems to be affecting the activity. the pmi data we got yesterday from japan, the united states and the united kingdom suggests the impact may not be as bad. in this case, the bankers may seem important enough to call the rate hike. but the markets would not be surprised if they stayed on hold, just like the rbnz did last week. rishaad: we're seeing a little more hawkish and is creeping into

singapore. business friendly policies and easy connections to the world make it an attractive place for many global companies. but strict border closure to combat the pandemic have now put that at risk. this man and his family travelled to europe to visit relatives, not knowing when they could return to singapore. although they can now come back, his wife says it has given them a wake—up call. there was a bit of a divide in the treatment of the local residents and the expat community. we felt increasingly that the restrictions that were imposed on us, they are unfair. in an interview with the bbc, singapore's finance minister laurence wong acknowledged the strain on businesses. we understand _ strain on businesses. we understand the _ strain on businesses. - understand the difficulties that our companies face but we also try our best to explain that these are temporary measures.— that these are temporary measures. ., , ., ., measures. temporary or not, it ma be measures. temporary or not, it may

we also have a studio in singapore.sten via the app, bloomberg radio plus, or bloomberg radio.com. rishaad: your black with -- your back with -- you are back with " bloomberg markets. " we are looking at india. how a week of monsoon will be affecting economic statistics there, as well. also talking about the economy, we have data out today, the inflation rate out about singapore, taiwan industrial production, as well. and do not forget some of the data out of the eurozone. don't forget, it is our weekly big event. special coverage of the jackson hole symposium. jerome powell will face a growing vote -- a growing chorus of hawkish choices. -- hawkish voices. most officials think the bond buying program that they have should start tapering off. through the course of later this year. >> the time is come to dial back. >> i think we are in a situation where we can taper. >> i think if we see a few more jobs reports like the one we just got. >> of an employment is at 4.5% at the end of the year and are progressing the way i'm

ambassador to singapore joins us later. still ahead, expectations for the jacksonville gathering, we will discuss with chief global strategists. plus, the odds it will lead to policy tightening in asia this week. we will have more. this is bloomberg. ♪ >> the time has come to dial back the settings. >> we are in a situation where we can taper. >> if we see more jobs report like the one we just got. >> if on employment is 1.5% at the end of the year and things are progressing the way i am expecting. >> transition from that monetary policy accommodation to more neutral settings must follow. >> some adjustment would be in order. >> i would be supportive of adjusting these purchases soon. >> we don't want to jar markets but i think it is time to end these emergency measures. >> delta is the ace card that jay powell can pull out of his sleeve if he wants to stop this committee. >> if i saw that the delta variant was going to be persistent enough. >> whether there is a change in dynamics again in the aftermath of the pandemic. >>

i think both singapore _ vietnamese? i think both singapore and _ vietnamese?th l singapore and vietnam and vietnamese? i think both - singapore and vietnam and other countries in the region one a sense the us is here to stay, that it sense the us is here to stay, thatitis sense the us is here to stay, that it is not going to cut and run, as was the risk under president trump, and that's why afghanistan plays into this, but they also want to know that the us is going to be helpful. they don't want america coming and making things worse with china and destabilising the region, they want america to come and solve problems, like how to recover from covid, how to do more trade, how to get more vaccines and how to solve other problems, or anything of the governments of artificial intelligence to cybersecurity, and those are the areas where people are waiting and watching and seeing, does america have the capacity to play this problem—solving role in this region or are people just going to drift towards china because of its economic gravity? —— governance of artifici

that is in singapore. that is one part.nings part of the story is first have revenue is 71.37, so about $1.3 billion, given the current exchange rate. in terms of second-quarter sequential revenue, 15% lower in the same time as 2019. it is interesting in terms of two years back. systemwide sales, 65%. it is making me hungry. haslinda: i did not know they had destroyed venture. they say they will expand aggressively in mainland china. 100 outlets in the next four years. david: they have a hotspot chain. then they have the other restaurant. haslinda: fried chicken. hot pot. dim sum. coming up, hustling over the issue of foreign labor. our guest to joins us to discuss the far-reaching impact of these policies next. this is bloomberg. ♪ haslinda: it is a lot button topic, foreign labor, and singapore has been grappling with it, scrutiny over jobs taken by foreigners in one of the most attractive places to do business in asia. david: let's get more with our guest. good morning. thank you for coming on the show. it is a tricky to

of singapore -- minister of singapore.hy hong kong has taken a different path to managing covid. as we continue to watch how airlines and governments are handling mandating vaccinations, we heard from alan last week as they were mandating that nations for their labor force. now they are trying to incentivize travelers when it comes to being fully vaccinated. if you are fully vaccinated, you can upload proof of that onto your app. you can also go into the running to -- you can win a full year of international or domestic flights. he said very recently they have not ruled out the idea of some vaccines and passports for the matter travel either. >> if vaccinations are scarce and you want to get vaccinated but you can't and on top of that, you're missing out on the rewards and points, that would be like adding insult to injury. i hope they keep that up and i hope people can get those rewards and start traveling again. as we continue to track the vaccination campaign. over 4.7 billion doses given across 183 countries so far, ch

he went to singapore, to vietnam.d that, was not terribly engaged with southeast asia itself. that is something the biden administration is really trying to address now. manus: thank you very much. bruce einhorn, the latest on kamala harris and her trip to singapore and asia. let's get the first word news. >> thanks. sweden's prime minister is to step down in november after seven years in power. his unexpected announcement in a speech on sunday could open the way for the finance minister to become the country's first female leader. bloomberg has learned janet yellen has told senior white house advisers she supports reappointing jerome powell as federal reserve chairman. the white house has been casting a wide net for possible candidates. powell's four-year term is set to end in february. the u.s. treasury secretary's backing would increase powell's chance of reappointment. lg camp shares have tumbled the most after general motors recalled its electric vehicle for the first time in nine months over the risk of battery

it's 7am in singapore, and midnight in london.ing is accelerating, and human influence is to blame — that's the warning from a damning new report from the un and its secretary general. antonio guterres says the evidence cannot be denied — greenhouse gas emissions from fossil fuel burning and deforestation are choking the planet and putting billions of people at immediate risk. it's the most comprehensive climate change study ever, and is produced by hundreds of the world's top scientists from 66 countries. the report warns that the global average temperature rise could reach or exceed 1.5 celsius in the next 20 years — ten years sooner than expected. it said rising temperatures will cause more frequent, extreme weather events across the globe. and warned that irreversible changes are already ongoing in melting ice sheets, rising sea levels and increasing acidification. but the report also stated that climate change could be slowed down, with rapid and sustained emission reductions. our science editor david shukman has this report.

we have seen travel reopening plans from singapore and elsewhere too.got a sign this week when the travel minister told bloomberg they were looking at different arrangements reopening pilot programs from september, when singapore is expected to be above that 80% full vaccination target. so this announcement yesterday was a concrete sign that something is moving forward, with specific countries added to that list for quarantine-free travel, not controlled itineraries. not just business travel, but maybe some of these other pilot programs. there has been a lot of angst in the business and other communities on just getting home. in hong kong, it has been on-again and off-again. i missed the opportunity to see you guys. that is now off, given that hong kong and singapore are divergent in their approach. but at least hong kong and macau are now added to a restrictions list. so we got some clarity on these different categories of lesser quarantine. some 7 --day quarantine's for certain countries. . 14-day stay at home quarantines for other countries. a bulk o

step-by-step, reopening in singapore. thank you.'s do a quick check of the latest news flash headlines. they are proposing a novel finish to the data security as it seeks to go public in the u.s.. they say they will create an independent entity with the sole purpose of safeguarding and protecting customer data. china wants to go public to respect the merger with silvercrest acquisitions. citigroup -- they are winning for revelatory approval to begin training. there were still questions about regulatory framework. they have unveiled the $205 billion expansion. the investment blueprint like samsung biologics after the conglomerate positive act a leader walked out. >> it is that time. we have sophie kamaruddin with us. the daily cases have been rising again. they have come down substantially. this represents this forecast. >> the governor saying there could be a t-shaped recovery for the economy. looking protracted. a downside risk will prevail. 34 by the end of this quarter. as well as that dovish leaning bank of thailand. more fiscal

singapore has a key vaccine milestone to forge ahead with reopening plans. rishaad: is a little town in wyoming. once a year. a gets a lot of attention. this time, virtually so. what are your takeaways? yvonne: it seemed dovish when it comes to raising rates but hawkish with the taper. that was enough or risk markets to say this is pretty good and we can party. rishaad: we had the asian trading day beaming. what happened in jackson hole. equities are moving to the upside. we got the hang saying a tableau ipad you don't have much movement with the oil market right now. best taking place because of hurricane i debt which is slammed into louisiana and of course, causing a lot of damage there including again, new orleans, too. it is moving slightly that to the downside in terms of price. better than retail shares coming back in japan for the moment. jack's on -- jackson hole grabbing read to -- headlines at the moment. jim and said there was no link it with when they will start their tapering or their bond purchases. the thing about that is they could not confir

joining us out of singapore.g up, our interview with moderna's cofounder as the delta variant continues to spread across the world. this is bloomberg. ♪ >> we are continuing to focus on delta, what this all means for those already vaccinated. it seems that those who had been inoculated are still catching covid. it raises a big question of what this means for booster shots. anthony fauci said it is time for the vulnerable to start thinking about that. david: you take the example of israel as well. very early on, it was almost at the very forefront of their own vaccine. they sta to do this if i not mistaken. it is a type of vaccine. we spoke with the moderna co-founder. that helps the second one. and also what they are doing to stay ahead. have a look. >> from the beginning, we set out to develop the most effective vaccine as far as what would last for the longest possible time. also, help the largest number of people and be safe. this is the first time we have had data that shows that six months after the initial

us vice president kamala harris is in singapore on the first leg of an asia trip that's being overshadowedy events in afghanistan. heavy rain and strong winds strike the north—east coast of the united states as tropical storm henri makes landfall. # dream, dream, dream... and don everly, who had huge success with the everly brothers, has died aged 8a. this is bbc news... newsday... welcome to bbc news, broadcasting to viewers in the uk and around the world. we begin in the us, where president biden has said there will be no let up in the tempo of us evacuation efforts in afghanistan after a weekend in which 23 american military flights took off from kabul airport. there's been criticism of the decision to withdraw troops from afghanistan and the evacuation operation, but in the last few hours mr biden has insisted there was no way to carry it out without causing pain and loss. he said nearly 28,000 people had been flown out since august 14th — the day before the taliban seized power. we lifted approximately 11,000 people out of kabul in less than 36 hours. it's an incredible operation. let

we have seen that and commentary in singapore.ould say loan growth, these are things that would be good at this point in time. margin is something where we should have some degree of weakness. rishaad: looking at what is going on with citi as it retreats from consumer banking in many parts, which of these would be the best fit for some of those assets here, harsh? >> it is it pretty broad question. a lot of assets are available in the market at this point in time from local players and international players. [indiscernible] i would say every bank is looking at basically saying, we have income capability. how do i add to some type of physical presence to make it better? on the other hand -- [indiscernible] how do i broaden out? i could make a case for multiple banks here, at the regional banks or domestic champions. as for some of the challengers drying to figure out how to fit that asset. it is not a one on one mapping. it is a many to many kind of mapping. ultimately, it is going to be a matter of who pays the best price. there a

i'm karishma vaswani in singapore.n the steets of beirut — as police and protesters clash on the anniversary of the explosion that destroyed much of the lebanese capital. the sprinter from belarus who refused to return home for her own safety has landed in poland. earlier we told you all about the sporting action and we talked about the heat. we are heading back to tokyo now because she has a special guest, a surprise for us, a very famous person in the sporting world that i really want to hear from. sporting world that i really want to hearfrom. so, go for it. we actually do. we'll come back to tokyo. another big talking point of the limit games as being about how athletes have been coping with the pressure of having to compete at the very top level and then being very top level and then being very open and honest afterwards in a lot of their interviews was a who is well aware of what it is like to compete at the very top level in the olympics as well the home olympics back in sydney is a former australian swimmer ian

what would it take for singapore to move the curfew for residences -- businesses?t would it take? guest: it would require the whole world's infections to come down. we still have travel coming from overseas. there continue to be risks. so i think it is important for us to bear in mind that infection continue. >> he talked about opening singapore up. apart from the countries you mentioned before, what other countries are you looking at? would that be the u.s., the u.k., any clarity on that? >> we're keeping options open. we are in a discussion with a number of countries. it also depends on the situation as well as the epidemic situation in those countries. if they are able to keep infections under control, and the infection rates are acceptable and vaccination rates are high, those of the countries we will get back to. >> what about the u.k. in that list? guest: we continue to look at that, including the u.k., u.s., australia, and so on. we may start with some pilot arrangement where we allow groups of people to control the itinerary and arrangements to ensure we pr

in singapore specifically, there is a lot of manufacturing.hear a lot about leading edge, a lot of the -- which semiconductors--which singapore has. they announced $4 billion of investment to increase their capacity within singapore for these more mature semiconductor technologies. vietnam and malaysia are important in terms of packaging, assembly, and tests. they play an important role. haidi: what is the bigger risk, geopolitical, or operational? anne: they are both risks and they are a little bit different. geopolitical is when i think we will see continue long after this current shortage. china has always wanted to secure -- other countries are seeing how important it is it semiconductors are such a critical part to every aspect of our economy and national security. semiconductors are not just pc's and phones but your data center, cloud infrastructure, communication, and automotive and manufacturing are becoming heavily reliant on semiconductors. the operational aspect in terms of adding capacity will take time and a lot of money. the geop

japan is off-line line, singapore two. . the fundamental thesis that gold should be a buy based on the knock on effects of the u.s. jobs numbers on the u.s. fed policy. a stronger u.s. dollar emerging. it is incredibly choppy trade this morning. i would not write the obituary for gold just yet. but certainly it is one to watch going forward while we get through this turbulence. shery: to your point on t dollar, this chart showing how the bloomberg dollar index is retracing half the losses we saw since the 2021. where to the dollar going forward now, given what we are seeing from the u.s. jobs numbers and where the fed is headed? guest: i think we are starting to see a reversal in trends. once we break down the previous highs, if you look from a technical point, we have momentum skewed to the upside. we have a little over pricing from the rally. upon sticking a hawkish pivot, so to speak. what we are seeing now is a societal testy cycle where global expansion has reached its peach -- peak. u.s. is dominant again. inflation tr

i'm karishma vaswani in singapore.e the taliban from afghan cities sparks fears of a humanitarian crisis. president biden says hong kong residents in the us will be granted temporary safe haven as he criticises china's behaviour in the territory. two weeks ago, japan opened the tokyo olympics with a ceremony which featured two mixed—race japanese athletes in very high—profile roles — nba basketball star rui hachimura and tennis champion naomi osaka. in the days since, there has been intense debate over whether this could be a watershed moment in the way japan views its growing multi—ethnic population. from tokyo, rupert wingfield—hayes reports. it was the crowning moment of the opening ceremony and a big surprise. two of japan's most famous mixed—race athletes given the honour of leading the team and lighting the cauldron. but in the two weeks since, naomi osaka in particular has been targeted with online abuse, with some questioning whether she's really japanese. it's something arianna morimoto knows as well. back in

is that a crucial question as she toward singapore and other places -- as she tours singapore and otherthat will be on the mind of these allies. i do think that it is possible to overstate the extent to which what happened in afghanistan really erodes trust across the board with america's allies particularly in the west but it is something that harris will be particularly sensitive to on this trip and she will be trying to articulate this vision of the united states irrespective of what happened in recent weeks, that the u.s. is still devoted to bringing countries together and finding areas of shared concern. anna: we have talked a little about the trip she is making and she is going to be going from singapore to vietnam and many people have been drawing parallels between kabul and saigon during the vietnam war. this will keep the subject to the fore as she makes this trip. dr. thomas gift: the optics are unfortunate for this administration because you are seeing those parallels drawn constantly and it will be shown in the news over and over. it is something that she would rather not ha

singapore were all fully vaccinated. paul 62 individuals were either a symptomatically had mild symptoms. they have been moved to a health care's facility for further treatment. rolling stones drummer charlie watts has died, aged 80. his drumming style as subtle with swing have been a member since 1963. earlier this month it was announced watts would miss the forthcoming tour. a statement from his publicist said he died surrounded by family. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. haidi: the u.s. house has adopted a budget resolution, pushing forward a core component of president biden's economic agenda. our white house correspondent joins us. we had some intraparty disagreements to get here, but what happened? reporter: nancy pelosi secured an agreement to pass the president's budget blueprint, and that includes education, childcare. democrats also agreed to vote on a separate $550

i'm in singapore. our headlines.ake more and more territory. it's thought they've now taken over nine provincial capitals. at least 65 people have been killed in raging wildfires in algeria, including twenty—eight soldiers who were trying to fight the flames. it's believed italy has recorded the hottest temperature ever in europe. a reading from near syracuse on the island of sicily registered forty—eight— point—eight degrees celsius. italy's current heatwave, nicknamed lucifer, is being caused by an anticyclone moving up from africa. china has said the world should have �*full confidence' in its climate actions plans. the statement comes a day after the un's climate body urged beijing to take "immediate, rapid and large—scale action." china is the world's largest emmitter of carbon dioxide. so, is china doing enough? i'm joined now by lauri mylly—verta, lead analyst for the centre for research on energy and clean air. just how important is china in the global effort to reverse climate change? chanis chan is responsi

china and singapore are stands out. -- standouts.ay to go before they get out of the pandemic. shery: where do we see the impact of the delta variant spreading? what metrics are economist looking at? >> it is showing up now across the board. economists are looking at real-time gauges to figure out what is going on. you take flight capacity in china, the number of seats on offer has collapsed. it reflects restrictions being imposed in china. two thirds of the economy then, so when you see that kind of a crackdown on mobility in china, it is a signal for the rest of asia. -- obviously doesn't cover china, but you can get a handle of what is going on with consumers moving around and the work from home story. and you look at australia, the two biggest cities under lockdown. and there are other gauges on electronics exports, peak electronics behind the asia region. that has been the recovery story part. divergence between north and south, southeast asia. and as we just mentioned regarding singapore, you have the vaccination rate metrics,

nick marsh in singapore _ rebound. nick marsh in singapore with - rebound.latest rebound. nick marsh in - singapore with the latest on qantas. let�*s bring you some other business stories. business leaders have welcomed the changes made to the nhs track and trace app so that fewer contacts will be advised to self—isolate following a close contact with a positive case. the app will look for contacts two days prior, rather than five, when someone without symptoms tests positive. health secretary sajid javid said it would reduce disruption but still protect those at risk. an official examining a landmark amazon union election in alabama, has recommended a rerun.amazon appeared to have stopped a union from forming, winning a vote on the issue by a margin of two to one. the retail, wholesale and department store union alleged that amazon had illegally pressured its workers. amazon said it planned to appeal. twitter will collaborate with two of the largest international news providers, reuters and the associated press, to debunk disinformation on its messaging sit

welcome to newsday, reporting live from singapore. i'm karishma vaswani. the headlines: one week after the fall of kabul to the taliban, president biden defends his handling of the evacuation, despite growing criticism. i think that history is going to record this was the logical, rational and right decision to make. the taliban say they're sending men to the northern panjshir valley, where local leaders are refusing to hand over power. us vice president, kamala harris, is in singapore, on the first leg off an asia trip that's being overshadowed by the crisis in afghanistan. and heavy rain and strong winds strike the north—east coast of the united states, as tropical storm henri makes landfall. live from our studio in singapore, this is bbc news, it is newsday. welcome to bbc news, broadcasting to viewers in the uk and around the world. president biden has defended the us operation at kabul airport. addressing the american people for the third time in a week, he said the us had flown out 28,000 people since last saturday. mr biden insisted there was no way

i'm karishma vaswani in singapore.his afghan withdrawal deadline, saying any delay will expose america to terrorist attacks. over the last week, we've seen chaotic and desperate scenes at kabul airport as people try to flee afghanistan. one of them was a young woman from nottingham, who was visiting relatives with her mother and two young siblings when the taliban took control. she's now back in the uk, and our correspondent navtej johal has been speaking to her. glad to see you again. lovely to see you. you look so handsome! thank you! the sound ofjoy and relief. rageeb has spent the past week worrying about his wife, adult daughter and two small children who have been trying desperately to leave afghanistan. they travelled there last month from their home in nottingham to visit sick elderly grandparents, and never expected to be caught up in the taliban takeover. these images were filmed by rageeb's 24—year—old daughter last week, as they tried to get through to the airport in kabul. rageeb, a taxi driver, said he fe

obviously singapore has had their own issues as well. but yet we're not hearing this mentioned why not. we know where it came from . it came from wu han, it came from china. it is clearly a weaponized virus or it wouldn't have the kind of ongoing capabilities that it's shown. and yet again, this is an administration that can't directly confront china anymore than they can directly confront iran, russia, or anybody else in the world. because they don't have the strength of character, the strength of, of conviction to actually go toe to toe with our adversaries in the world. so they can talk tough, like kamala harris has done a little bit in, in singapore, in vietnam, but actions speak louder than words. and i think the world's looking at the actions in afghanistan. and sadly, knowing that this administration's words don't mean anything, including not being willing to confront china on what the whole world knows. this came from china, and yet they've paid no price in it. well, i'd say i think it's arctic if you think if the united states a

singapore in a tough position to balance relationships both with washington, d.c.d investment goes both directions here. but for the u.s., it's about staking a claim in what they call the indo-pacific region here in terms of defense in terms of security. harris was boarding a u.s. ship. we await those pictures. back to you. >> talking about an elephant in the room there, not mentioning china at all on this trip. thank you for the breakdown of what we've learned from the first day of kamala harris's trip in the southeast asia region. >>> but we'll leave you with a very quick snapshot of the u.s. markets and the positive open that looks like that's going to ensue. that is it for our show today. "worldwide exchange" is coming up next. do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may

i'm in singapore. 0ur headlines.n troops to leave afghanistan — but the taliban refuses. it's as afghan refugees begin arriving in the united states — there are still thousands though, at kabul airport, desperate to leave. the taliban's swift return to power has cast something of a shadow over the united states' status as a global player. on her tour of asia, vice president kamala harris has offered reassurance of washington's commitment to the region. she's currently in singapore and will also be visiting vietnam. 0ur south east asia correspondent jonathan head has more. well, this trip by the us vice president must�*ve been planned several weeks ago as part of a salvo of visits by senior us officials to this region to demonstrate the biden administration's renewed interest in southeast asia. but it is hard to imagine they would have gone ahead with it had they known it was going to come right after the disastrous scenes that we have all witnessed in afghanistan. i mean come on one of the countries on her itinerary

he joins us from singapore.liking the cyclical flame, what is the risk of the numerous states of emergency that we have seen in japan actually pressuring that? >> it is true. it is testing our patients to some degree. we are heading towards 50%. the reopening might be later than we initially thought. the other interesting driver for the japanese market is we analyze which of the markets globally are most sensitive to the 10 year, which we expect to move up. perhaps not surprisingly, it is probably the financials, etc. a couple of drivers for the rest of the year to come back and start to outperform at least from here. >> with jackson hall knowing play, what are your expectations in the short-term and japan, as you mentioned, the 10 year? >> they are very linked. many financials are on the road. having so much fireworks out of jackson hall, everyone remembers to thousand three, that was of course fireworks, but we think much more likely that the prospect is to talk about this a little bit more. nonetheless it is

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singapore, malaysia, indonesia -- remember what the imf said about recovery.r chief international correspondent for southeast asia, haslinda amin. meanwhile, bill withers is the latest to signaled that tensions between china and the u.s. will not derail his investments. quick to geopolitical tensions are always on our mind, but the fact is the chinese economy is going gangbusters. the chinese connection to the rest of the world is increasing, not decreasing. as supply chains are reconfigured not just by western companies but also but chinese companies, the opportunity for us to provide the financing, the associated risk management, is very, very strong. rishaad: what are you doing about staff retention? we have a lot of these passport holders who may well be leaving. are you seeing evidence of that? >> we are not seeing a material migration either of money or of people. i think people have always left from time to time. people are also coming back in. this is the place to be if you want to participate in the chinese capital markets. in our case, we complement

happening now, vice president kamala harris is in singapore. moment now, the vice president will speak to troops on board the "u.s.s. tulsa." cnn's ivan watson joining us live. what are you watching for today, ivan? >> reporter: well, you know, it was how the vice president would respond to the questions from journalists about the humiliating collapse of the u.s.-backed government in afghanistan. she refused to go off script. she basically said that the u.s. is single-mindedly focussed on the difficult mission of evacuation right now. take a listen. >> there will be and should be a robust analysis of what has happened. right now there's no question that our focus has to be on evacuating american citizens, afghans who worked with us, and vulnerable afghans, including women and children. >> reporter: and this trip by the vice president to southeast asia, to singapore, she said the latest in a number of top officials from the biden administration to travel to these countries. part of a bigger strategy that the biden administration had, which was t

the bright spark on the horizon in singapore is vaccinations have been very strong.t 80% have received at least one dose that is the good news. it's very easy to get vaccinated here. but we have had from the prime minister in the last few days and what he said really was that covid has exposed what he called the fault lines in singaporean society and the exacerbated issues that were there beforehand, for example, inequality, unemployment has increased amongst the local population and as a result, tensions have increased between the local workforce and the hiring of foreign and ex— patriot talent and so the hiring of ex— patriot talent, borders have been close to them for the last few months and they are unable to go home and are stuck outside but they are hoping this will be alleviated as they go forward and they hope to reopen, come september. thank you. stay with us on bbc news. still to come: we hear from the ceo of footlocker, on how his shoe firm has tried to be a step ahead of the pandemic. the big crowds became bigger as the time of the funeral approached. as

dbs earned 70% of its income from outside of singapore. of india, china, and it continues to grow and what we are watching out for is whether or not it takes an additional bank in that bank where it brought $1 billion and keeping it on citi assets in india. it said it is interested in buying that because of its wealth and his been business, credit card business. if it were to buy that, it would come at the cost of $2 billion. it cannot afford to do that without, you know, trying to raise additional funds area keep watch of those two. shery: haslinda amin in singapore. don't miss an exclusive interview ahead. japanese e-commerce giant rakuten's ceo joins us. that is it for "daybreak australia." "daybreak asia" is next. this is bloomberg. ♪ (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks fo

doctors in singapore at the national- in singapore at the national university hospital where she was to put probes onto her skin in order to monitor her health. also the nappies available were very large and it was really important that she had regular nappies because her skin was so sensitive. even the medicine had to be calculated down to the decimal point. it is a miracle here. they doctors here said it was a covid—19 miracle because she was born in the middle of the pandemic and her progress really gave a ray of hope amidst all the darkness that there has been in the last year or so. darkness that there has been in the last year or so-_ last year or so. how is she now? what does _ last year or so. how is she now? what does the _ last year or so. how is she now? what does the future _ last year or so. how is she now? what does the future hold? - last year or so. how is she now? what does the future hold? as l last year or so. how is she now? i what does the future hold? as you mentioned. _ what does the future hold? as you mentioned, she _ what does the future hold? as you mention

we have more from singapore. derek, we had a delay leaving singapore yesterday.was down to some incident in hanoi. what do people make of all of this? >> i think the thing that people are making of it was that it was a little weird to have people stay in singapore another 3.5 hours beyond what they thought they would do. there is that health incident. i don't have a ton of details on it if i am honest but everything is proceeding along and now all of the focus is on vietnam and the big focus there is supply and covid. they are linked because covid is the dominant thing that is throttling vietnam's massive supply chain for companies all around the world. >> are we going to see any kind of resolution on this? what can the u.s. offer when it comes to leaving some of these supply chain bottlenecks that david just mentioned and reports over on the ground in vietnam of factory workers sleeping in tents just to try to contain the outbreak there? >> vietnam is one of the worst countries in asia in terms of vaccination rate overall. a little around 2% of the country is fu

well this is she discuss with singapore leaders. how and a gift shopping and climate change, rather than focusing on the events afco, stan, and the speech sitting and singapore. the stories that we are now hearing about. the caution that if you want to have christmas toich for your children, it might now be might be the time to start buying them, because the delay may be many, many months. now, china is appealing to the us saying the us and our allies committed rights violations. in afghanistan should be punished. so it seems like, while harris is going around trying to take a little jobs of china, china went straight to the juggler and took it to the top governing body of the world. so i don't know if this is more odd than awkward guess what? a new man who will steve, gil, for us trade official, joined us now. the optics of her being in vietnam while we're seeing sort of a deja vu all over again, vietnam withdraw moment in afghan, a stand is just the kind of optics that somebody in the white house i'll be fired for a while. and tha

with the indo pacific region, southeast asian countries, and in particular with singapore. vice president harris also praised singapore pandemic response, calling it commendable. tropical storm henri soaked the u.s. after coming ashore in rhode island. about 1000 flights were canceled and amtrak had to cancel trade between new york and boston. in tennessee, at least 22 people were killed and dozens are still missing after record rain sent floodwaters rushing through rural areas. up to 17 inches fell in a 24-hour period 60 miles west of nashville. rescue crews are searching destroyed homes for survivors. the taliban says there will be consequences if the u.s. delays it's true thrall from afghanistan. the current deadline is august 31. u.k. prime minister boris johnson will push president biden to delay the departure of american troops to allow for more and safer evacuations of foreign nationals and their afghan staff. global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. th

harris has met the singapore in president and prime minister. they discussed the number of issues including disputed islands in the south china sea. the crisis and me and my and the situation in afghanistan, there is no question there will be and should be a robust analysis of what has happened. but right now, there is no question that our focus has to be on a vacuum rating, american citizens, afghans who worked with us and vulnerable afghans, including women and children. that has to be our primary focus and where we are placing our attention on the issue of f canister. and to that end, we have seen a successful drawdown of the embassy. and thankfully, without any american casualties. the issue of the south china sea and the rival claims in the region is on the agenda is lawrence lu, reports from column pool us vice president, kamala harrison's visit to southeast asia, is part of the u. s. outreach to asia now in a news conference on monday in singapore, vice president harris talks about the u. s. his commitment to a free and open in the pacifi

from singapore she will then go to vietnam.ived yesterday tell us about her agenda. sc she arrived yesterday and tell us about her agenda. sc she arrived yesterday and i expected to have a lot of fish material to update you with, were expecting a press conference but that's been pushed back but what we've seen so far she has been at the presidential home meeting the leaders. figs presidential home meeting the leaders. �* , presidential home meeting the leaders. �* . leaders. as well as the president. _ leaders. as well as the president. there - leaders. as well as the president. there are i leaders. as well as the - president. there are number of topics to be on the agenda, such as global health, economic partnerships are likely to feature as well as climate change and covid in the region because much of southeast asia is struggling when it comes to covid—i9. she had an orchid named after her. orchid diplomacy, it's been happening since the 50s, we've seen the likes of margaret thatcher and nelson mandela. even one of kamala har

reporting live from singapore, i'm karishma vaswani. the headlines: scenes of panic and desperation at kabul airport as afghans try to flee the country before it's too late, with the taliban controlling airport access. despite assurances from the taliban that anyone linked to the government will be given an amnesty, many here are deeply fearfulfor theirfuture. that's why we're still seeing these chaotic scenes at the airport. in a heated emergency debate in the house of commons, uk prime minister borisjohnson is accused of tragic failures in the afghanistan retreat. we will talk to experts on sharia law as well as how effective the taliban will be a covering. —— at governing. who will help us? the people of haiti hit by a massive earthquake five days ago say there's still no assistance. live from our studio in singapore, this is bbc news. it's newsday. it's newsday. it's 6 in the morning in singapore, and 2.30 in the morning in afghanistan, where the taliban is strengthening its grip on power, as pockets of unrest continue. there have b