it's a marketing platform for singapore. it's a marketing platform for singapore-— singapore.see _ singapore. we've already started to see the - singapore. we've already started to see the roads l singapore. we've already i started to see the roads get chockablock. i want ask about the wider appeal for f1 chockablock. i want ask about the wider appealfor f1 in chockablock. i want ask about the wider appeal for f1 in asia and there has been a documentary, on netflix, drive to survive, which has helped to spark more of an interest around the region. do you think that there has been a wider appealfor the sport in that there has been a wider appeal for the sport in the region because of our? irate appeal for the sport in the region because of our? we are callin: region because of our? we are calling at _ region because of our? we are calling at the _ region because of our? we are calling at the drive _ region because of our? we are calling at the drive to - region because of our? we are calling at the drive to survive l calling at the drive to survive effect in formulae which in n

for formula one, i f1 and singapore. for formula one. i think — f1 and singapore. f1 and singapore. for formula one, i think it's important not| one, i think it's important not massively. it's very important for singapore because the grand prix is a showcase for the nation, it's a proof point that singapore is very much open for business. it's the japanese grand prix next weekend, but that'sjust grand prix next weekend, but that's just a motor race and not manyjournalists will go to suzuka because it too difficult to just travel to demand. —— japan. the grand prix cost about $135 million a year to run, it rakes about that much in in tourism every year. i think we will say about a quarter of1 million people come through the gates. it's pretty much a marketing platform for singapore. we've already started _ platform for singapore. we've already started to _ platform for singapore. we've already started to see - platform for singapore. we've already started to see the - already started to see the roads get chockablock. ijust want to ask you about the wider appealfor f

descending into singapore.ore than 25 events going on almost at the same time. this is a very exciting time for travel rebound and we are very optimistic. haslinda: as much as you are optimistic, demand is not at levels we saw pre-pandemic. how soon can that happen? caesar: it is not back yet but the trajectory has been consistent. we are looking for a full recovery by 2024. haslinda: if you look at the likes of china, they remain shut. hong kong, slowly. will that have any implications for the rest of asia? caesar: from our perspective, southeast asia has been the source of travel business. domestic has been very strong. to give you an example, vietnam is undergoing a travel boom right now. if you look at airline capacity, it is not 30% more compared to pre-pandemic levels. in our business has grown more than double compared to pre-pandemic. we are very optimistic that domestic travel will drive recovery. haslinda: how are you catalyzing and positioning? i know you recently raised $300 million from the likes o

so the calculation for singapore, for instance, is that before the city was built, singapore was 5 degrees cooler. and all that heat ends up being converted into fossil fuel use as people use air conditioners to cool the space and throw even more heat out into the city. if substantial plant covered even reducing a pull by 2 or 3 degrees celsius, the energy saving for the entire country would be, you know, in the billions of dollars over the years. a lot of the argument, you have the also much of the cities do you know it doesn't matter. one or 2 buildings? what difference can i? but if one building can compensate for 10 other sites, not having any grain, you can see that just by doing selective injection of these kind of buildings for the city, you can already create a statistically significant amount of green in the city. can you see potentially in the future where you could actually see some of this area providing a food supplement because we know that singapore is still relying on food input. yeah, we've sort of done generation one which is providing a lot of planting and achieving thes

joining us now is bloomberg's singapore bureau chief, one of the steps singapore has been taking to grownancial hub? >> hi, this ranking is testament to the efforts singapore has been making to attract talent. making it an attractive place for people to set up businesses, invest here and just be a welcoming place for talent. the last few months, you've seen singapore come up with a new visa for foreigners, a five-year if he said. but government plans to create 25,000 finance jobs over the next five years and sees the sector really growing. tom: how much of this is about coaching talent and seeing moves into singapore from hong kong? how much of this is about the demise of hong kong as a financial center? >> in singapore, we never talk about the demise of hong kong. officials are not trying to overplay that rivalry between them and hong kong. from interviews we have had, they talk about the growth of southeast asia as a gateway to india. and obviously, we hear of people moving to singapore attracted by the stability and covered restrictions that have been dropped earlier this year. we do

this is newsday on the bbc from singapore. our headlines... the two candidates for uk prime minister — on the eve of the conservative leadership result. meanwhile, germany announces a financial package to protect its citizens from soaring energy prices. to pakistan now where the country's climate change minister has said industrialised countries must keep their promise to pay reparations to countries facing the consequences of global warming. sherry rehman was speaking after floods that have affected the lives of more than 30 million people. balochistan is one of the most affected provinces with many districts still out of reach as roads and bridges are swept away. the bbc�*s farhatjaved has been given access to one rescue mission there by the pakistani army. shocked, shattered and starving. the fight for survival gets harder. abbas and his cousin have just been rescued from a village that has been cut off for days. translation: the rains destroyed everything. i then all my equipment was washed away by the flood. my house was razed to the grou

hong kong and singapore, nearly 11:00 a.m. in singapore." . this is "bloomberg markets: asia." i am rishaad salamat with ivanka -- with yvonne man. yvonne: and easing dollar giving the pound some respite but still some bets that will slide to parity with the greenback and even beyond. and we speak to our guest about the resurgence in trouble demand. apac president will join us at this hour. rishaad: we said yesterday that the buck does not stop here. whether it has stopped here. we have a pause, investors on edge. look into the pboc as well. is it going to be pushed back from the central bank is the yuan approaches levels not seen in many years. levels not seen since 2010. japan's 20-year rising above 1% for the first time since 2015. it's only tuesday, david. david: and we have already had an unscheduled purchase from the boj on that last note, yields pushing higher. the broader story with central banks, and even the boe, to what extent will that help and how sustained is any potential effect in the fx markets? so long as you have an underlying store of inflation in the u.s. a

we can join the bbc correspondent in singapore. join the bbc correspondent in singapore-— singapore. morning in _ singapore. what a monday morning in asia, _ singapore. what a monday morning in asia, as - singapore. what a monday morning in asia, as the - singapore. what a monday - morning in asia, as the markets open. as you mention, sterling tumbling to a record low. we now know it is an all—time low, because decimalisation was brought in in 1971, and it is the lowest it has been since then. in early trading, the pound plunged almost 5%. the big question is why this happening? well, investors are pulling money out of the currency quite frankly, after those announcement in the uk on friday. they lack confidence that the government's economic plan... inaudible. they think at the very least that the uk finances will be stretched to the very limits. they are also concerned about growth and high interest rates. raising interest rates to try and keep inflation down in the us. this is as much a story about the strong us dollar is about the strong us dollar is about the strong us dollar is

singapore, this is - life from our studio in singapore, this is bbc life from our studio in- singaporec news. it's newsdaw _ welcome to bbc news, broadcasting to viewers in the uk and around the world. it's 7am in the morning here in singapore and midnight in london, where the new british prime minister liz truss has moved into downing street, having accepted the queen's invitation to form a government, and she's already made some key cabinet appointments. in herfirst speech as prime minister, liz truss promised that britain could ride out the storm caused by severe global headwinds. speaking outside number 10 she said she would transform britain into an aspiration nation. our political editor in chris mason begins our coverage. a day of ritual and weather. a cloudburst puncturing the choreography of the new prime minister's arrival, her supporters hunkered under umbrellas, the lectern wearing a bin liner. it was even taken back inside. her motorcade playing for time with a detour and then a break in the deluge. the damp stage reset. within moments, a first glimpse of the new era. good

our studio in singapore, this is bbc news. _ life from our studio in singapore, this is bbc news.fe from our studio in singapore, this is bbc news. it's newsday. . welcome to bbc news, broadcasting to viewers in the uk and around the world. it's 6am in the morning in singapore, and midnight in brussels, where the european union has outlined plans to introduce a price cap on russian gas — after president putin threatened to cut off all energy supplies if such a step was taken. eu governments have accused moscow of using energy to blackmail them in retaliation for western support for ukraine following russia's invasion. our russia editor steve rosenberg reports. announcement in russian. in his energy war with europe, a fresh salvo today from russia's president. vladimir putin warned, if the west does what it's threatening and imposes a price cap on russian energy exports, say goodbye europe to russian oil and gas. translation: it's an - absolutely stupid decision. we will not supply anything if it's contrary to our interests. in this case, our economic interests. we will not supply

is that something that might happen here in singapore?is is an issue that has concerned us not just in the context of debates or arguments about sexual mores. on a wide variety of issues, the peoples's freedom to express their views is curtailed in real life, in the physical world. that's against the law. it seems to be possible and it happens in a virtual sense on the internet. these are not easy questions. these are questions that we have been studying for some time. if we find the right solution, yes, that should be something that we could see in legislation. >> there's a tough stance on drugs. it's a changing landscape. take a look at thailand. it has already legalized marijuana. that makes it more complicated for singapore to police. >> it creates more challenges. the availability of drugs, the more challenging it is to deal with it. i am large, a vast majority of people in singapore understand that drugs are bad, they are bad for society. >> i want to touch on the noninterference law which has been passed in singapore. i'm curious t

nick marsh, bbc news, singapore.to pay their respects to queen elizabeth, who is lying in state in westminster hall. he then signed a book of condolence in lancaster house. now he has arrived in buckingham palace. the reason he is there is, as rebecca jones was telling us a few minutes ago, there is a reception inside buckingham palace hosted by king charles along with queen consort camilla. and amongst the guests are joe biden and jill biden. camilla. and amongst the guests are joe biden andjill biden. rebecca, let's bring you back in because that motorcade will have gone just behind you in the last few moments. yes. you in the last few moments. yes, that was a — you in the last few moments. yes, that was a pretty _ you in the last few moments. yes, that was a pretty impressive - you in the last few moments. yes, that was a pretty impressive sight, wasn't _ that was a pretty impressive sight, wasn't it? — that was a pretty impressive sight, wasn't it? we have been watching a lot of— wasn't it? we have been watching

live from our studio in singapore. this is_ live from our studio in singapore.his is bbc— live from our studio in singapore. this is bbc news. _ live from our studio in singapore. this is bbc news. it's _ live from our studio in singapore. this is bbc news. it's newsday. l welcome to bbc news broadcasting to viewers in the uk and around the world. it's six in the morning here in singapore, and ”pm in london where the new british prime minister liz truss has moved into downing street, having accepted the queen's invitation to form a government. and she's already made some key cabinet appointments. in her first speech as prime minister, liz truss promised that britain could ride out the storm caused by severe global headwinds. speaking outside number 10, she said she would transform britain into an aspiration nation. we'll have more on the ministerial appointments — including kwasi kwarteng as chancellor — in a moment, but let's start with our political editor chris mason in downing street. a day of ritual and weather. a cloudburst puncturing the choreography of t

singapore this there was a barrier to the further advance of the japanese to the south, the japanese did not want to stop in southeast asia, they went to australia new zealand to papa new guinea, but the british surrendered singapore had a huge number of prisoners of war, and the japanese reduced the british with the americans not with australian prisoners of war on ceremony. they lived in the most difficult conditions. then, of course, by the british to the americans, first of all to the americans. i had to step by step, five by five, win back the space that they very easily gave to the japanese at the end, 41. forty second year, yet great britain even today maintains influence over its former colonies with the help of the commonwealth of nations. this is not just an interstate association, headed by the british monarch, but also a form of maintaining the influence of great britain over its former colonies as a result of the historical development of international relations in the middle of the 20th century. we see the gradual process of disintegration of the once great colonies. th

singapore, this is - live from our studio in singapore, this is bbc| live from our studio in- singaporethis is bbc news. it's newsdav _ welcome to bbc news, broadcasting to viewers in the uk and around the world. we start with breaking news from canada where police say they have arrested myles sanderson four days after ten people were killed in a stabbing attack in saskatchewan. sanderson was one of two people wanted in connection with the attack. the othger, his brother, was found dead on monday. a motive for the attacks still isn't clear. we can speak now to our north america correspondent, nomia iqbal, who's in melfort, saskatchewan. nomia, saskatchewan. it is great to get you on nomia, it is great to get you on the programme. i want to start by asking you, i appreciate that there is a lot we don't know and the fact that we don't know and the fact that we don't know why this has happened, but what can you tell us? , , ., , . happened, but what can you tell us? , , ., ., us? yes, so this manhunt for m les us? yes, so this manhunt for myles sanderson _ us? yes, so this manhunt for myle

might that happen here in singapore?is is an issue that has concerned us, not just the debates about 337a or sexual mores, but on a wide variety of issues. people's freedom to express their views is curtailed in real life in the physical world. we cannot allow people to beat you up. that is against the law. it seems to be possible and it has happened in a virtual sense on the internet. so these are not easy questions, but they are questions that we have been studying for some time , and if we find the right solutions, yes, that should be something that we could see in legislation. haslinda: singapore's tough stance on drugs is well noted, but it is a changing landscape. if you look at the island, it has already legalized marijuana. does it make it even more complicated for you to police? >> of course, it creates challenges. the more the availability of drugs, the more challenging it is to deal with it. but by, a vast majority of singaporeans understand that drugs are bad for society. shery: next, chinese president xi jin

derek tai, bbc news, singapore.ibutor to greenhouse gas emissions, so reducing its carbon footprint is a priority. but the mix of gasses used and emitted within the sector, means that conventional reporting of emissions and reduction targets have failed. the forest, land and agriculture sectors represent 22% of global greenhouse gas emissions, and from today, the world's first standard guidance will be launched, so businesses will be able to measure how they can reach net zero targets. he hoped to speak to a representative from the wwf about this but sadly because of technical reasons christopher anderton is unable to join us but it is an important issue and something we will talk about in more detail. let's see how the asian markets are faring. as you can see, japan down over 2%, the hang seng in a similar position, the price of oil, sinking as well. we can see how the dollar is trading versus the dollar is trading versus the yen. we have £1 buying just over $1.06. showing you how the markets in the us fed, the day

yvonne: still ahead, singapore's former foreign minister shares his views on singapore's future. plus, catch the exclusive with a cofounder and ceo on fintech trends in southeast asia. david: fresh uncertainty for residents and businesses in a chinese mega-city extending lockdowns, details on the fallout are just ahead. this is bloomberg. ♪ >> china is grappling with a slowdown of some generational importance. >> the china story is contingent on policy support. >> there is opportunity when it comes to investing in infrastructure. >> to the extent -- >> [indiscernible] we're coming up on the congress leadership meeting. >> we can't keep rates so low. >> the greatest values going to come through. commitment to achieving these goals around emissions. david: on where they see most value in chinese markets. yvonne: back to earth. it's not landing. one of few dozen we have seen the last year or so. elon musk says 60 rocket launches in 2022, we will get there. the brings up this whole debate. david: had to take one step to my bed. let's give you guys an update at what is happening in ch

>> one of the great benefits of trying in singapore is that singapore is a very open economy with a lotcompanies, countries and bilateral trading flows. that is a multicurrency network. it expands in terms of the number of currencies. we want to do business in but currencies and countries that our clients want, whether that is dollar, whether it is euro, whether it is the yen. we are very happy to support the global infrastructure and global currencies. we do expect, especially with the response of the world, given the increasing size of china, to see more transactions in rmb. that requires the opening up of the currency you can trade out of china. haslinda: it's not necessarily bad thing but it comes with risks, how are you assessing that? >> everything comes with risks. when we talk to our clients, what they faces a complex world, than the one they were facing a year ago. even though a year ago we didn't know what would happen with covid. you have inflation, geopolitical complexities, and supply chains, which you need to think in a more of a risk management way and not how of all of y

i'm karishma vaswani in singapore, our headlines.have been arrested in russia after president putin ordered a partial mobilisation to raise more soldiers to fight in ukraine. russia's invasion is condemned at the un general assembly — president biden says it's a shameless violation of the un charter. let's turn away from that top story now and take you to south—east asia, where a recent study has found that some coastal cities in the region are sinking the fastest globally, which could lead to imminent sea—level rises and flooding. the study was done by singapore's nanyang technological university, in collaboration with the university of new mexico and nasa'sjet propulsion lab. for more on this, i am now joined by professor benjamin horton in singapore. he is director of the earth observatory of singapore — and co author of the report alongside phd student cheryl tay. great to get you on the programme. great to get you on the programme. which are the worst hit countries in southeast asia and give a sense of the scale of how much they

i�*m karishma vaswani in singapore. our headlines.gs dangerous winds and heavy rain. the us vice president heads to south korea as the north tests yet more missiles — kamala harris will visit the demilitarised zone at the border. now to the uk, and faced with growing alarm on the financial markets about the government�*s economic strategy, the bank of england has been forced to take emergency action to try to stabilise things. last week�*s widely—criticised mini—budget unveiled by the uk chancellor has been followed by a collapse in the pound and a sharp increase in the costs of government borrowing. our economics editor faisal islam has the latest. what started as an attempt to grow the economy with the biggest tax cuts in half a century led to havoc on currency markets, more importantly on debt markets, and then within days, led to a tidal wave of interest rate rises reaching every corner of the economy. in an emergency statement, the bank of england said, "were dysfunction in this market to continue or worsen, there would be a mate

it’s housing that singapore is now famous for-— housing that singapore is now famous for. population was _ lives. singapore's native malay population was colonised i lives. singapore's native malay population was colonised 200 l population was colonised 200 years ago but most present—day singaporeans have their roots in china. their ancestors came after the british, looking for better opportunities. for singapore's foreign minister, continuing in the commonwealth is also about furthering opportunity. to him, singaporean history isn't a story of dominion. irate singaporean history isn't a story of dominion. we have no baggage- _ story of dominion. we have no baggage- we're _ story of dominion. we have no baggage. we're not i story of dominion. we have no baggage. we're not to i baggage. we're not to relitigate the past. we acknowledge the past, we give credit for the institutions that are inherited. we admire british understatement. we believe even our current attributes of being pragmatic and sensible and reasonable, it also reflects that shared history. also reflects that

juliette saly in singapore. this is a huge thing in china -- region in china that will be shutting down. >> 21 million people. if this is going to happen, what is next and how much further will china go with this covid zero policy? everything else is opening up. this is adding to the sentiment after a bad august. they are exacerbating lockdowns. asian stock is falling. he mentioned the other day that began is pushing to a 24 year low. i will show you might as well. they're trying to defend this currency. another look at what we are seeing in terms of covid zero on china's economy. this is starting to hit the private survey as well. this is below estimates. not only for large businesses but small and medium as well. manus: thank you very much. we would like to see with the policy response is there. thank you very much, juliette saly in singapore. let's look at some stories. 10:00 a.m., how the gdp will trigger. also, unemployment numbers. dani: also, 1:30 pm, data from the u.s. that will include initial jobless c

hong kong and singapore. 11:00 a.m. if you are watching in tokyo. welcome to "bloomberg markets: asia." haslinda: stocks, futures, and treasury yields rise as the dollar dips. plus, a largely symbolic cut. liz truss drops a $150 billion plan to cap household energy bills as her first big policy move as uk prime minister. even if we talk about the markets, a lot of for investors to mull over. we talk about opec's move, the pboc move, and we are awaiting that move from the rba. david: yes, it could be 50. what is interesting is our economists at bloomberg economics gave it 25, which i guess is more to the downside. our economics reporter in australia said they might be the first country to start to bring down the pace rightly slowdown interest rate hikes. -- the pace or at least slowdown interest rate hikes. we did not have cash market trade in the u.s.. we are getting futures higher and european futures higher. most equity markets are on the up. currency markets, the down story today. really quite a rarity. we talked about the pound. we will get more

juliette saly in singapore. let's get to some of our other top stories and reporters from around the world. we are going to look at the bond bear market. michelle will give us the latest on the u.s. jobs report. russell morgan takes us through what is happening with credit suisse. stephen engle with an update on the lockdown. now to bonds, where they have slumped in their first bear market in a generation. the index has fallen more than 20% below its 2021 peak, the biggest tumble since its 1990 inspection. paul dobson, our executive editor, joins us from singapore. to what degree is this a correction from what we have seen in years past or is it the start of a secular bond bear market? paul: that is a brilliant question and the only question if you are a fixed income investor. how far can we go from here? all my life, as long as i have been looking at financial markets, yields have been on that steady run lower and lower. central-bank rates have come lower and lower. inflation has been under control. like jack-i

singapore's native malay population was colonised 200 years ago.h is also about furthering opportunity. to him, singaporean history isn't a story of dominion. we have no baggage. we're not going to re—litigate the past. we acknowledge the past. we give credit for the institutions that we inherited. we admire british understatement. we believe even our current attributes of being pragmatic, sensible, reasonable... you know, it also reflects that shared history. it's pragmatism that allows singapore to wear its colonial past so lightly. this luxury hotel used to be the british military headquarters, far east command, built on top of a hill in case of a local uprising. you can't say that there is any real controversy here in singapore over old buildings and statues or place names. the arrival of the british helped to transform this island into a global trading hub. but by the same token, ever since the british left, in the 1960s, well, singapore's hardly looked back. the new head of the commonwealth last came to singapore five years ago. when he retur

i'm karishma vaswani in singapore. 0ur headlines...leader of britain's conservative party. she will be installed as prime minister on tuesday. canadian police say one of the two men charged in connection with a string of fatal stabbings has been found dead. let's get more now on that story. 0ur correspondents have been gathering reaction from around the world to liz truss beating rishi sunak to become britain's third female prime minister. in a moment, we'll hear from moscow and brussels, but first, here's stephen mcdonell in beijing. in terms of the government in beijing, really, idon�*t think it mattered to them so much which one of these people took the reins. they both said they're going to get tough on china. beijing might sayjoin the queue in terms of western politicians saying they're going to get tough on china. for beijing, what they'll be watching is what goes on beyond the rhetoric, how does this new government respond? and trade, for example, it will go ahead. of course, the uk's going to keep trading with china. where you

i'm karishma vaswani in singapore. the future of ukraine hangs in the balance, the un secretary—general warns of a winter of discontent. further protests across iran over the death in custody of a young woman accused of breaking the islamic dress code. as we've been saying, world leaders are meeting in new york at the un general assembly, where the new filipino president, ferdinand �*bongbong' marcoer has said that climate change is the greatest threat affecting our nations and our peoples. earlier, we spoke to a senior lecturer in international affairs at the university of the philippines and i asked him what the president's message was to the community. this is definitely about his diplomatic debut, the return to the international stage, it was very much about marcos the international stage, it was very much about marcoer projecting statesmanship, in fact global leadership. if you look at his speech, he practically talks about everything that the international community is worried about — climate change, the effects

i'm karishma vaswani in singapore. in custody of a young woman, who was detained for incorrectly wearing a hijab. according to the iranian authorities, 41 people, including members of the security forces, have been killed in clashes. but a norwegian—based human rights group says the number of dead is at least 76. more than a thousand people have been detained in the protests against the death of mahsa amina. with the latest — here's baran abassi from bbc persian. another family is mourning the death of their loved one. one of many who got killed in the recent protests videos verified by the bbc show anti—riot police shooting life bullets at the protesters in several cities in iran. and plainclothes security forces locking up the people in the boot of their cars. but despite the brutal response from the security forces, protesters remain in the streets in all 31 provinces. here in tehran, people are chanting we will not go home until they conclude what they call the revolution. death to the religious supreme leader and

i'm karishma vaswani in singapore. 0ur headlines...exit polls suggest far—right giorgia meloni is set to win, and is on course to become the country's first female prime minister. elisa, it is great to have you on the programme. there was lots of activity behind you. give us a sense of what the mood is there right now. it is a mode of— mood is there right now. it is a mode of victory. _ mood is there right now. it 3 a mode of victory. giorgia meloni is the first woman prime minister after these new political elections, and her party is at the top, 24%, and the second party of the democratic party of the left, but giorgia meloni is the winner of these elections, no doubt. , , ., , �* winner of these elections, no doubt. , ., , �* doubt. just to “ump in, i'm so sor to doubt. just tojump in, i'm so sorry to interrupt. _ doubt. just tojump in, i'm so sorry to interrupt. are - doubt. just tojump in, i'm so sorry to interrupt. are we - sorry to interrupt. are we expecting giorgia meloni to speak, make a statement about what has happened toni

i'm karishma vaswani in singapore.ticism of her government's economic policy. liz truss was speaking for the first time since the mini—budget last week, which led to a collapse in the value of the pound, higher interest rates and extreme volatility on the financial markets. the prime minister was interviewed by a range of local radio and television journalists, who repeatedly asked our political correspondent, alex forsyth, listened to the exchanges. the prime minister, liz truss. time to face the microphones. this morning, liz truss took to the airwaves in a series of interviews on bbc local radio, and it was no easy ride. the pound has dropped to a record low, the imf has said that you should re—evaluate your policies and the bank of england has had to spend £65 billion to prop up the markets because to spend £65 billion to prop up the markets because of what they describe as a material risk. where have you been? we had to take urgent action to get our economy growing, get britain moving and also deal with inflation.

singapore's native malay population was colonised 200 years ago.r roots in china. their ancestors came after the british, looking for better opportunities. for singapore's foreign minister, continuing in the commonwealth is also about furthering opportunity. to him, singaporean history isn't a story of dominion. we have no baggage. we're not going to re—litigate the past. we acknowledge the past. we give credit for the institutions that we inherited. we admire british understatement. we believe even our current attributes of being pragmatic, sensible, reasonable... you know, it also reflects that shared history. it's pragmatism that allows singapore to wear its colonial past so lightly. this luxury hotel used to be the british military headquarters, far east command, built on top of a hill in case of a local uprising. you can't say that there is any real controversy here in singapore over old buildings and statues or place names. the arrival of the british helped to transform this island into a global trading hub. but by the same token, ever since

i'm monica miller in singapore. our headlines...zhia power plant in ukraine, despite shelling nearby. we turn to seoul now, where the government has promised to get rid of its basement apartments, which were made famous by the oscar—winning film parasite. it follows severe floods last month, which trapped people inside their homes, killing four. the underground homes have come to represent south korea's growing inequality and spiralling housing crisis, and as our seoul correspondent jean mackenzie has been finding out, those who live in them fear they'll be left with nowhere to go. under the streets of seoul live hundreds of thousands of people. known as banjiha, these basement apartments were made famous by the oscar—winning film parasite. but when seoul experienced its heaviest rain in 100 years, life suddenly imitated art. do you know how high the water came up? ji—ae has raised her two sons in this banjiha. it's the only place they can afford, with house prices in seoul out of control. but this is now the second time they've bee

okay, he deserves a good rest. money you her foreign countries what uh finland croatia uh singapore andntries the money of deceived people? yes there money cheat them police people reported that a case was opened on the fact of the double sale of apartments on vorotnikova, it is being investigated. it just won't help. in such disputable cases, the property goes to those who suffered to return the property according to the law to the one who first managed to arrange it; the rest of the buyers are left to hope that the developer himself will return the money to them, but they do not believe in this. even the incorrigible optimists dmitry blininikov alexander chukanov i kuzmin and the moon osiva news. remind again please when the children play in the evening and the shelling is going on, guys already know what it is? well, somewhere further, somewhere closer, i can say with confidence that our children have been robbed of their childhood. at least, this piece of childhood, that it was torn from them, was not very scary, they sat in the basement for two months and multiplied the day before

i'm karishma vaswani in singapore. our headlines... course to become the country's first female prime minister. to the philippines now, where a category three tropical storm has made landfall northeast of capital manila. super typhoon noru has been lashing the eastern parts of the country with high winds and torrential rain. thousands of evacuations are under way, and president ferdinand marcos junior has suspended work and classes for monday. our correspondent laura bicker has the details. super typhoon noru has now crashed into the main island of the philippines. winds gusting up to 180 miles an hour and there are fears of coastal surges. torrential rain is already causing river levels to rise. red cross volunteers worked their way through low—lying neighbourhoods ushering the vulnerable to safety. this country is used to extreme weather alerts, this country is used to extreme weatheralerts, but this country is used to extreme weather alerts, but super typhoon noru developed into a super typhoon with very little warning. more than 80

reporting live from singapore, i'm karishma vaswani. the headlines... cheering liz truss wins the race to become britain's next prime minister, promising to tackle the issues that matter. i will deliver a bold plan to cut taxes and grow our economy. because, my friends, i know that we will deliver, we will deliver and we will deliver. south korea goes on high alert for what could be the most powerful storm ever to hit the country. a rare legal victory for donald trump, as a judge grants his demand for independent oversight of material taken from his florida home during last month's fbi search. live from our studio in singapore... this is bbc news. it's newsday. welcome to bbc news, broadcasting to viewers in the uk and around the world. it's six in the morning in singapore and 11pm in london, where liz truss, who has been elected leader of the conservative party, is preparing to become britain's next prime minister. borisjohnson is due to announce his resignation to the queen later on tuesday, and the monarch will then invite ms truss to form a governme

how do you see this route of ukraine to a kind of conditional singapore or korea, water and the southin this well, first of all, i think that our friends who are there will help us, well, take , for example, already uh, i think that uh, the united states will stir all over the world, yes, and investments in japan and in singapore and in europe in thailand, well, everywhere. well, look only in thailand, it gives net profits of 50 billion dollars, and from the microchips there, which they produce there , i now fully agree with alexey that he says that there is only one person to support the fullness of it, but the point is that in our стране е м-м с что наверно самый лочути умы but you will only look at it technologies, and if you look at the fact that since the 90s, the first five places were occupied by oligarchs alone , this year we saw in the oligarchs completely different people after renata leonidovich who do we have two it specialists, guys, who worked for a while, in an honest way, i just heard the opinion yes, i'm sorry, maybe i can finish them, they just now all removed themse

are you trying to lure people from hong kong to singapore?'re looking at talent from all over the world. not just in one place. a lot of exciting opportunities. it is really sustainability, finance, the green economy. in the space of where we want to be leaders in the use of hydrogen as a fuel, carbon capture and storage, these are new areas where we can have the kind of talent we are hoping to attract as well. >> singapore wants to repeal a colonial law banning sex between men, but at the same time, they cannot get married. >> i think singapore is very profamily. the deputy prime minister has also shared previously that at the moment, today, when you talk about that targeting, i don't think there is a specific quota or number. people can manage those kinds of applications. >> the prime minister speaking with bloomberg. the new uk prime minister has an emergency support package to tackle the energy crisis. this will be a 130 billion pound plan to keep them below 2000 pounds per annum this year. there was expectation it could push higher by 3.

he was last seen in singapore, where his company, terraform labs, is based, on those singapore authoritieshere. iranian state media say that the death toll from more than one week of balance has risen to at least 41 people. clashes with police continued for a second week across iran as the u.s. imposed new sanctions. the demonstration started after the death of 22-year-old nasa amini, who fell into a, after being detained by iran's so-called morality police. the fear is that the kremlin may soon ban some men from leaving russia after vladimir putin's conscription plans worked a mass exodus. people waited for hours in long lines at land crossings into finland, kazakhstan and georgia in a weakened. the russian government is trying to reassure citizens, saying that some students will be exempt. small protests also broke out across the country. the philippines is holding talks to purchase fuel and other commodities from russia. president ferdinand marcos, jr. tells bloomberg that the southeast nation nation is close to deals. he also said that philippines' national interest is in diversifying

stephen: absolutely, including where you are in singapore.ingapore was part of the british commonwealth until it gained self-governing in 1959, but we did hear from the prime minister of singapore, saying he is deeply saddened, that her majesty left a lasting legacy and her passing is greatly mourned by everyone in singapore. king charles iii will be the head of state of four asian nations as part of the commonwealth, including australia, new zealand, papua new guinea, and the solomon islands, so there is still the presence of the monarchy in this part of the world. obviously, it dwindled over the 70 years that queen elizabeth reigned, but again, her legacy has had a strong impact on this part of the world for sure. rishaad: you already touched on what happens next, but give us a sense of what we expect monday. >> we do know that senior officials remain at balmoral. king charles will be traveling to london later today and is expected to be giving an announcement this evening, and we will find out more plans about the state funeral that has be

haidi: haslinda almond there in singapore.l energies is not worried about this winters gas supply despite the nord stream gas leak. exclusive with ceo next. >> this is a nice picture, a sea of green with trading across asia. you see the calming effects of really the boe -- the boe surprising unlimited bond buying. gilt markets really restoring some semblance of debility. the question is how long that stability can be sustained for. we are seeing that broader equity rally hereafter the stronger day for u.s. equities since early august, and we see a lot of those gains particularly when it comes the of the australian session by the rebound in energy and materials. let's get you a closer look at what we are watching in the markets. it is nice to be able to talk about a rising market after all this time. >> that's right, definitely. still lower. i don't want to pour cold water but i'm looking at the reaction we are seeing in currency market. we are starting to see the pound pulling back a little bit this morning. traders think the

as singapore upon thames it's— and set yourself as singapore upon thames.ther to do it when _ thames. it's quite another to do it when you're — thames. it's quite another to do it when you're nearly _ thames. it's quite another to do it when you're nearly 100%. - thames. it's quite another to do it when you're nearly 100%.— thames. it's quite another to do it when you're nearly 100%. we're going to leave taksa- _ when you're nearly 100%. we're going to leave taksa. -- _ when you're nearly 100%. we're going to leave taksa. -- tax _ when you're nearly 100%. we're going to leave taksa. -- tax cuts. _ let's turn our attention now to the war in the ukraine because the us presidentjoe biden said this week that russia's invasion in february had breached "the core tenets of the united nations charter". president putin, though, seems to be doubling down on the war — he's mobilizing another 300,000 reservists — with the result that many men eligible for the call up are fleeing from russia. meanwhile, the kremlin are organising self—styled referendums in four regions

dani: juliette saly there in singapore.ing up, the oecd slashes its global growth outlook amid the ongoing energy crisis. all of that next. this is bloomberg. ♪ >> our forecast is a challenging one because we are forecasting significant slowdown of the economy. united states growing at 0.5% next year. and still a slowdown in china. globally, we are talking about significant slowdown. dani: the oecd economist speaking to bloomberg. the organization has lowered projections for global growth, under 3% this year. let's bring in our chief asia economics correspondent. i feel like i don't remember a time when we weren't cutting growth projections, what has led to the latest cut in estimates? enda: there is always a mechanical aspect to be forecast , institutions are catching up on where they were. it is easy to see how they fall behind the curve. they are talking about the whole gamut of issues, the energy crisis in the euro, the slowdown in china, inflation in the u.s. that is why they have downgraded all of the g20 economies ex

. >> singapore set to host its first formula one race since the pandemic. the ceo who says interest in the sport from fans, sponsors and partners has exceeded pre-pandemic levels. >> we were able to accomplish our mission. we were able to be world champions around the world despite covid. we were very strict to apply a -- approach -- [indiscernible] >> is profitability where you want it to be? is it back to pre-covid levels? >> looking at the numbers, i would say it is better. we never had so many orders. we never had so many requests from different promoters around the world to host races around the globe. this is an intense, global sports. we have more younger generations and females looking at our sport. >> [indiscernible] >> we are not a political organization. we want to focus on the positive values the sport is bringing to society. the -- around f1 is huge. anything can happen in the countries we are going and we will have incredible power. everyone is watching. that is why i am saying it is very relevant. read, in all of the countries around the worl